Cornerstone Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 1–10 clients last fiscal year.
Cornerstone Wealth Management reports 12,691 clients. They include 8,943 individual clients, 3,511 high-net-worth individuals, and 125 pension and profit-sharing plans. Of its assets, 100.0% ($4.93B across 20,602 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $809M. It advised 4 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 70% | 30% |
| High-net-worth individuals | 28% | 67% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | 1% |
| Other client typesOther | Not reported | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 8,943 | $1.49B | 30.2% | $167K |
| High-net-worth individuals | 3,511 | $3.32B | 67.3% | $946K |
| Pension and profit-sharing plans | 125 | $30.6M | 0.6% | $245K |
| Charitable organizations | 39 | $20.8M | 0.4% | $533K |
| Corporations and other businesses | 73 | $71.9M | 1.5% | $985K |
| Other | Fewer than 5 | $347K | 0.0% | — |
| Total | 12,691 | $4.93B | 100% | — |
- Clients
- 8,943
- Regulatory AUM
- $1.49B
- AUM share
- 30.2%
- Avg. per client
- $167K
- Clients
- 3,511
- Regulatory AUM
- $3.32B
- AUM share
- 67.3%
- Avg. per client
- $946K
- Clients
- 125
- Regulatory AUM
- $30.6M
- AUM share
- 0.6%
- Avg. per client
- $245K
- Clients
- 39
- Regulatory AUM
- $20.8M
- AUM share
- 0.4%
- Avg. per client
- $533K
- Clients
- 73
- Regulatory AUM
- $71.9M
- AUM share
- 1.5%
- Avg. per client
- $985K
- Clients
- Fewer than 5
- Regulatory AUM
- $347K
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 12,691
- Regulatory AUM
- $4.93B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 4
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Cornerstone Wealth Management charges 1.40%–2.40% a year for its Asset Management. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Hourly at up to $400 for financial advisors, or flat fees of $500 to $5,000, with a retainer of 50% of the fee.
- Retirement Account Consulting and Management
- Hourly at $250, as flat fees of $750 to $10,000 a year, or as a percentage of assets of up to 2.5% on a schedule, invoiced to the client.
Joseph Keifer owns 25% to 50% of Cornerstone Wealth Management. The leadership team of Cornerstone Wealth Management includes Chief Compliance Officer Thomas Gooden. It has 103 employees, 102 of them in advisory roles.
Leadership
- Thomas GoodenChief Compliance Officer & Member
- Donald AulbertMember
- Liyin BaoMember
- Leslie GarrisonMember
- John HowardMember
- Khurram NaveedMember
- Joseph KeiferManaging Member
- Dean MillonasManaging Member
- Patrick LodesMember
- Christopher SwensonMember
- John WehmerMember
- William FriebelMember
Investment adviser representatives
90 representatives listed in the SEC register as of 9 October 2026.
- Eric Xavier Anderhub
- Christopher Scott Anderson
- Donald Paul Aulbert II
- Mark Evan Beckrich
- Ronald Linwood Bell JR
- Jason Wesley Benson
- Kevin Ray Betts
- Brian Lee Boehle
- Julie Marie Briar
- Jacob Thomas Bridwell
- Larry Bridwell
- Sandra Marie Callier
- Derrick Stanley Casey
- Benjamin Carlton Cauthorn
- Christopher Roy Clayton
- Bruce William Clemens
- Regina Erin Crook
- Ashley Amber Cross
- Vondal Radean Davidson
- Trevor William Davis
- Mark Christopher Deprospero
- Brian Denver Dixon
- Patrick Joseph Doyle
- Robert John Dussi
- Charles Richard Eller
- Jimmy Allen Enlow
- Michael B. Etheridge
- Jordan Faerber
- Matthew Alan Fall
- Laura Ann Fenton
- Leslie Karen Garrison
- Thomas Shaw Gooden
- John Russell Fletcher Gore
- Curtis Randall Green
- Alison Dawn Hadzic
- Rachel Elizabeth Hobbs
- Dale Gerard Huber
- Kassidy Joyner
- William Sam Kallaos JR.
- David Lee Kaplan
- Gabrielle Rose Keifer
- Grant Joseph Keifer
- Joseph Michael Keifer
- Chad Jeremy Klassen
- Nikola Krickovic
- David Charles La Rue
- Robert Hon-Lung Lo
- Andrew Dale Lohmeyer
- Thomas Casey Loper
- James Keith McKey
- Dean Andrew Millonas
- Mark Walker Minton
- Nathan Paul Morse
- Carlisle Hopewood Mott
- Calvin Amandus Neeman
- Taysha Colvin Patterson
- John Russell Perry
- Simon Paul Pockrus
- Marshall Rockton Rains
- Connor Reece
- Jeremiah Raphael Rodriguez
- Cade Roque
- Matthew Lee Rufkahr
- Matthew James Schellman
- James Alan Schmidt
- James Robert Schmidt
- Gregory Alan Shoemaker
- Gabriel Silva
- Daniel Edward Smith
- Eric Shannon Smith
- Thomas John Sontag
- Laura Patterson Strickler
- Blake M Swenson
- Christopher Jon Swenson
- Steven Matthew Tait
- Aaron Drew Thompson
- Erik Eugene Thompson
- Benjamin Gregory Toben
- Nicholas Andrew Tyburski
- Brooke N Wadkowski
- George William Walker JR
- Timothy Pierce Ward
- John Henry Wehmer
- Elizabeth Bennett Welcher
- Dean Earl West
- Charles Paul Wray
- Lori Lynn Wray
- Louis Earl Wray Jr
- Kevin Warren Yingst
- Ella Katherine Young
Staff
- 103 employees
- 102 in advisory functions
- 93 state-registered reps
- 102 broker-dealer reps
- 82 insurance agents
- Owns 25% to 50% of Cornerstone Wealth Management, LLC
Joseph Keifer
Control person · since August 2012
- Owns 10% to 25% of Cornerstone Wealth Management, LLC
Dean Millonas
Control person · since August 2012
- Owns 10% to 25% of Cornerstone Wealth Management, LLC
Patrick Lodes
since April 2014
- Owns 5% to 10% of Cornerstone Wealth Management, LLC
Christopher Swenson
since February 2016
- Owns 5% to 10% of Cornerstone Wealth Management, LLC
John Wehmer
since January 2020
- Owns 5% to 10% of Cornerstone Wealth Management, LLC
William Friebel
since April 2022
Cornerstone Wealth Management’s regulatory assets grew 1.7× from $2.82B (May 2021) to $4.93B (May 2026); clients fell from 13,620 to 12,691 and employees from 142 to 103.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $4.93B | 12,691 | 103 | 46 |
| June 2025 | $4.08B | 18,812 | 139 | 43 |
| March 2024 | $3.3B | 16,986 | 148 | 42 |
| May 2023 | $3.12B | 17,400 | 153 | 49 |
| March 2022 | $3.02B | 15,394 | 147 | 45 |
| May 2021 | $2.82B | 13,620 | 142 | 44 |
Besides its headquarters, Cornerstone Wealth Management has 45 offices (3 private residences, listed without an address), with 46 listed addresses across 14 states.
Missouri · 17 listed addresses
- 13358 Manchester Road, Suite 200, Des PeresHQ
- 6895 Lake Saint Louis BLVD., Lake Saint Louis
- 200 S. Hanley, Clayton
- 3964 S. Old Highway 94, Saint Charles
- 1034 S. Brentwood BLVD., Ste 1603, St. Louis
- 16091 Swingley Ridge RD, Suite 110, Chesterfield
- 1801 W. 32nd St., BLG C, Joplin
- 12673 Alswell Lane, St. Louis
- 14567 N. Outer RD., Chesterfield
- 4082 Stonecroft DR., St. Charles
- 13358 Manchester RD, Des Peres
- 4130 S. Fairview Avenue, Springfield
- 820 E. 6th Street, Washington
- 1451 High Street, Washington
- 7417 Mexico RD., St Peters
- 980 Executive DR., Osage Beach
- 1420 Wellington View Lane, Wildwood
Arkansas · 5 listed addresses
- 700 S. Walton BLVD., Bentonville
- 307 Judge Smith Drive, Marion
- 4700 S. Thompson St., Springdale
- 3718 S. Pinnacle Hills Parkway, Rogers
- 3632 Johnson Mill BLVD., Springdale
Illinois · 4 listed addresses
- 930 South Commercial Street, Harrisburg
- 1000 Eleven South, Columbia
- 3507 W. Elm Street, McHenry
- 1007 W Jefferson Ave, Effingham
Virginia · 4 listed addresses
- 16 Gosnell Crossing, Staunton
- 323 Deep Hollow Lane, Strasburg
- 30 Ladd RD., Fisherville
- 13924 Coalfield Commons Place, Midlothian
California · 2 listed addresses
- 2580 E Main St., Ventura
- 34530 Bob Hope DR., Rancho Mirage
Georgia · 2 listed addresses
- 304 South Main Street, Madison
- 3115 Roswell RD, Marietta
Minnesota · 2 listed addresses
- 225 10th St. N, Mountain Lake
- 16201 90th St., Otsego
Oklahoma · 2 listed addresses
- 2738 E 51st Street, Tulsa
- 809 South Mustang Road, Yukon
Tennessee · 2 listed addresses
- 213 East Main Street, Waverly
- 575 Mall BLVD, Dyersburg
Washington · 2 listed addresses
- 1531 Thorndyke Avenue West, Seattle
- 12011 Bel-Red Road, Bellevue
Arizona · 1 listed address
- 2812 N. Norwalk, Mesa
Florida · 1 listed address
- 12824 Spring Lake Drive, Cooper City
Texas · 1 listed address
- 107 W. Fannin St., Leonard
Wisconsin · 1 listed address
- 1503 N. Spring Street, Beaver Dam
Other business names
Cornerstone Wealth Management has reported 17 other business names to the SEC.
- Bell & Associates Wealth Management
- Carlisle Mott Financial
- Dixon Incorporated
- Focus Wealth Management
- Genfinity Wealth Management
- Legends Financial Services Group LLC
- Lifetime Planning, Inc.
- Milestone Investment Counsel
- Morse Wealth Management
- Rains Wealth Management
- Stauros Financial, LLC
- Steamboat Financial Group
Show all 17 names
- Stone 8 Wealth Management, LLC
- Thoroughbred Financial Solutions
- Triada Advisors
- Vine Wealth Management
- West Financial Services
Contact and registration details
- Legal name
- Cornerstone Wealth Management, LLC
- Headquarters
- 13358 Manchester Road, Suite 200, Des Peres, MO 63131
- Website
- Not reported
- Phone
- 314-394-1670
- SEC file
- 801-76973
- Structure
- Missouri LLC
- Fiscal year end
- December
Cornerstone Wealth Management uses LPL Financial ($4.93B) as custodian for its separately managed accounts. Cornerstone Wealth Management has custody of $29.7M in client assets for 3,306 clients.
- LPL FinancialLPL Financial LLC · Boston, MA · $4.93B100%
At year end, Cornerstone Wealth Management’s separately managed accounts were mostly in funds (75%) and stocks (15%).
What the accounts hold
- Stocks15%
- Funds75%
- Bonds3%
- High-yield corporate bonds2%
- State and local bonds1%
- Cash5%
- Other1%
- Structured notes1%
Filed values cover 99%. The neutral 1% gap has no reported category.
How many clients does Cornerstone Wealth Management have?
Cornerstone Wealth Management has 12,691 clients and manages $4.93 billion for them, as of May 2026. They include 8,943 individual clients, 3,511 high-net-worth individuals, and 125 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 May 2026
What services does Cornerstone Wealth Management offer?
Cornerstone Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Cornerstone Wealth Management charge?
Cornerstone Wealth Management charges 1.40%–2.40% a year for its Asset Management. The fee is billed in advance and is negotiable.
Source: FORM ADV PART 2A - FIRM BROCHURE, filed 30 March 2026
Which custodians does Cornerstone Wealth Management use?
Cornerstone Wealth Management’s separately managed account assets are held at LPL Financial LLC (Boston, MA), with $4.93B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 May 2026
How many financial advisors does Cornerstone Wealth Management have?
Cornerstone Wealth Management has 93 investment adviser representatives registered with state securities authorities, out of 103 employees, and 102 perform investment advisory functions. 102 employees are registered representatives of a broker-dealer and 82 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Cornerstone Wealth Management invest in?
At the end of its last fiscal year, Cornerstone Wealth Management’s separately managed accounts held 75% registered funds (mutual funds, ETFs, BDCs), 15% exchange-traded equities, 5% cash and equivalents, 2% high-yield corporate bonds, 1% state and local bonds and 1% other. The 1% other category is described as: Structured Notes.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Cornerstone Wealth Management?
Cornerstone Wealth Management’s direct owners are Joseph Keifer, Dean Millonas, Patrick Lodes, Christopher Swenson, John Wehmer and William Friebel, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 4 May 2026
How does Cornerstone Wealth Management get paid?
Cornerstone Wealth Management is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Cornerstone Wealth Management registered with the SEC?
Yes, Cornerstone Wealth Management has been registered with the SEC as an investment adviser since 15 August 2012. Its CRD number is 164666 and its SEC file number is 801-76973.
Source: Form ADV Part 1A, Item 1, filed 4 May 2026; IAPD firm record
How do I contact Cornerstone Wealth Management?
Cornerstone Wealth Management’s main office is at 13358 Manchester Road, Suite 200, Des Peres, MO 63131. Its phone number is 314-394-1670.