Cornerstone Select Advisors, LLC (St. Louis)

Name: Cornerstone Select Advisors, LLC
Address: 13171 Olive Boulevard, St. Louis, MO, 63141
Telephone: 314-862-5155

Cornerstone Select Advisors, LLC is a large advisory firm based in St. Louis. It manages $126 million of regulatory assets for 405 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Illinois, Missouri, New York, and Texas.

Cornerstone Select Advisors provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cornerstone Select Advisors: assets under management

The assets under management (AUM) of Cornerstone Select Advisors, LLC is $126 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $126 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $311.11 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is state and local bonds, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cornerstone Select Advisors, LLC for their services and products based on a percentage of assets under management and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cornerstone Select Advisors serves?

The firm provides services to individuals, other investment advisers, and high net worth individuals. The largest group of clients of Cornerstone Select Advisors is other investment advisers with 184 clients and $103 million of assets under management. Among the 9 most similar advisory firms, Cornerstone Select Advisors has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $126 million for 232 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Cornerstone Select Advisors doesn't advise any private funds.

Careers at Cornerstone Select Advisors, LLC

The company employs 1 person that is either a part- or full-time employee. No employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Doyle Edwin Gustus	Managing member	1 Oct 2009	75% - 100%	232329
Gery Joseph Sadzewicz	Cco	1 Oct 2009	Other	1090963

Based in St. Louis

The principal office where Cornerstone Select Advisors, LLC performs its advisory services is located at 13171 Olive Boulevard, St. Louis, MO 63141, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 314-862-5155 or by fax 314-446-0148. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at csastl.com.