Wealth manager, independent · DES Peres, MO
Cornerstone Wealth Management, LLC
SEC-registered investment adviser · CRD 164666 · SEC 801-76973
At a glance
Cornerstone Wealth Management, LLC is an SEC-registered investment adviser based in DES Peres, Missouri, with $4.9B in regulatory assets under management as of its Form ADV filed May 4, 2026. It reports 12,454 individual clients, 3,511 of them high-net-worth, holding an average of about $0.4 million each, and 103 employees. That ranks it 229th among the nation’s 5,657 independent wealth management RIAs and 8th of 92 in Missouri. It reports LPL Financial as the custodian for its clients’ separately managed accounts.
Main office 314-394-1670cwmranchomirage.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $4.9B
- Rank among independent wealth managers
- #229 of 5,657
- Rank among all SEC RIAs
- #2,125 of 17,210
- Rank in Missouri
- #8 of 92
- Individual clients
- 12,454
- High-net-worth clients
- 3,511
- Accounts
- 20,602
- Discretionary
- 100% of AUM
- Employees
- 103
- Advisory staff
- 102
- Offices
- 46
Owners and executives on its Form ADV
- Joseph M. KeiferManaging Member
- Dean A. MillonasManaging Member
- Donald P. AulbertMember
- Patrick J. LodesMember
- Christopher J. SwensonMember
- Thomas S. GoodenChief Compliance Officer & Member
- John H. WehmerMember
- Leslie K. GarrisonMember
- Liyin BaoMember
- Khurram NaveedMember
- William L. FriebelMember
- John J. HowardMember
Custody and brokerage
Broker-dealer
Hybrid RIA
Cornerstone Wealth Management, LLC is a hybrid RIA: 102 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed March 2026) names LPL Financial as the broker-dealer its advisers are registered with.
Associated persons of our firm may also be registered representatives of LPL.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 3,511 | $3.3B | 67% |
| Individuals | 8,943 | $1.5B | 30% |
| Corporations or other businesses | 73 | $72M | 1% |
| Pension and profit sharing plans | 125 | $31M | <1% |
| Charitable organizations | 39 | $21M | <1% |
| Other | – | $0M | <1% |
Disciplinary disclosures
Cornerstone Wealth Management, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗cwmranchomirage.com ↗
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The full record on Cornerstone Wealth Management, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 817 peers of its type and size
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- Owners and executives, with titles and stakes
- 12 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Missouri
All of Missouri →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Modern Wealth Management, LLCKansas City | $11B | 11,524 |
| Plancorp, LLCSaint Louis | $11B | 2,251 |
| KrilogySt. Louis | $5.2B | 3,061 |
| Rubinbrown Advisors LLCSt. Louis | $3.9B | 1,151 |
| Matter Family OfficeSt Louis | $3.8B | 226 |
| Visionary Wealth Advisors, LLCSt. Louis | $3.5B | 4,186 |
Background
Questions
How much does Cornerstone Wealth Management, LLC manage?
Cornerstone Wealth Management, LLC reports $4.9B in regulatory assets under management across 20,602 accounts, 100% of it on a discretionary basis, on its Form ADV filed May 4, 2026.
How many clients does Cornerstone Wealth Management, LLC have?
It reports 12,454 individual clients: 3,511 high-net-worth individuals and 8,943 other individuals. Individuals account for about 97% of its regulatory assets.
Where is Cornerstone Wealth Management, LLC headquartered?
Its main office is in DES Peres, Missouri. It reports 46 offices in total and 103 employees, 102 of whom perform investment advisory functions.
How does Cornerstone Wealth Management, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Cornerstone Wealth Management, LLC use?
It reports LPL Financial as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed May 4, 2026, it reports these amounts held: LPL Financial ($4.9B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Cornerstone Wealth Management, LLC a hybrid RIA with a broker-dealer?
Cornerstone Wealth Management, LLC is a hybrid RIA: 102 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Cornerstone Wealth Management, LLC a fiduciary?
As an SEC-registered investment adviser, Cornerstone Wealth Management, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 102 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Cornerstone Wealth Management, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-05-04), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →