DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Cornerstone Wealth

Former SEC-registered adviserHuntersville, North CarolinaCRD 157935SEC 801-72561IAPD
Legal name Cornerstone Financial Partners, LLC
Latest filing Nov 14, 2017
First filing on the tape Nov 18, 2011 · 35 filings
RAUM
$805M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
44
39 advisory (5.B.1)
Offices
7
beyond the principal office
Private funds
0
reported on Schedule D
History
35 filings and snapshots on the tape
RAUM$805M as of Mar 27, 2017
Mar 8, 2012$255M then
HNW client RAUM: no history
State-registered IARs (5.B.3)32 as of Mar 27, 2017
Mar 8, 20120 then
Employees (5.A)49 as of Mar 27, 2017
Feb 20, 201320 then
Private funds: no history
RAUM +31% over the last fiscal year+26% a year over threeIARs 21 to 21
Practice profile
derived from the filing of Nov 14, 2017; every figure names its basis
RAUM per advisor
$38.3MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$194,455derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.1derivedItem 5.A over advisors
Advisors per office
2.6derived8 offices incl. principal (1.F.5)
RAUM growth, one year
+31%derivedbetween the last two annual amendments
Advisor growth, one year
+52%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consulting, otherreportedItem 5.G
Wrap fee program
$1.5BreportedItem 5.I
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is an insurance broker or agent (6.A.6)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
4,141reported
Financial planning clients
1-10reported
Wrap fee programs
$731M sponsored, $731M managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Alan Craig Rubrecht · Chief Compliance Officercontrol
      since 08/2017 · owns less than 5%
    • Alan Jeffrey Carbone · Ownercontrol
      since 12/2016 · owns 25% to 50% of CFP Holdings, Inc.
    • Todd Brian Needleman · Ownercontrol
      since 12/2016 · owns 25% to 50% of CFP Holdings, Inc.
    • Alan Craig Rubrecht · Ownercontrol
      since 12/2016 · owns 25% to 50% of CFP Holdings, Inc.
    • Kelsey Andrew Smith · Ownercontrol
      since 12/2016 · owns 25% to 50% of CFP Holdings, Inc.
    Entity owners
    • CFP Holdings, Inc. · Sole Managing Member
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    • Charlotte, NC3 employees
    • Greenville, SC2 employees
    • Aiken, SC1 employees
    • Lexington, SC1 employees
    • San Francisco, CA1 employees
    • Greensboro, NC1 employees
    • Belmont, NC1 employees
    What changed
    consecutive filings, newest first
    • Advisory employees · 24 to 39
      Aug 18, 2017 to Nov 14, 2017
    • BD registered reps · 36 to 32
      Aug 18, 2017 to Nov 14, 2017
    • Employees · 49 to 44
      Aug 18, 2017 to Nov 14, 2017
    • State-registered IARs · 32 to 21
      Aug 18, 2017 to Nov 14, 2017
    • Other offices · unset to 7.0
      Aug 18, 2017 to Nov 14, 2017
    • Wrap assets (manager) · unset to 730574108.0
      Aug 18, 2017 to Nov 14, 2017
    • Wrap assets (sponsor) · unset to 730574108.0
      Aug 18, 2017 to Nov 14, 2017
    • Accounts · 3,562 to 4,141
      Jan 10, 2017 to Mar 27, 2017
    • Advisory employees · 23 to 24
      Jan 10, 2017 to Mar 27, 2017
    • BD registered reps · 23 to 36
      Jan 10, 2017 to Mar 27, 2017
    • Employees · 37 to 49
      Jan 10, 2017 to Mar 27, 2017
    • Financial planning clients · 11-25 to 1-10
      Jan 10, 2017 to Mar 27, 2017
    • State-registered IARs · 21 to 32
      Jan 10, 2017 to Mar 27, 2017
    • Discretionary RAUM · $606M to $794M
      Jan 10, 2017 to Mar 27, 2017
    • Non-discretionary RAUM · $6.8M to $11.0M
      Jan 10, 2017 to Mar 27, 2017
    • RAUM · $613M to $805M
      Jan 10, 2017 to Mar 27, 2017
    • Organization form · Corporation to Limited Liability Company
      Oct 10, 2016 to Jan 10, 2017
    • Succession · false to true
      Oct 10, 2016 to Jan 10, 2017
    • Legal name · CORNERSTONE FINANCIAL PARTNERS, INC. to CORNERSTONE FINANCIAL PARTNERS, LLC
      Jan 10, 2017 to Jan 10, 2017
    • Succession · true to false
      Jan 10, 2017 to Jan 10, 2017
    • Business name · CORNERSTONE FINANCIAL ADVISORS to CORNERSTONE WEALTH
      Mar 25, 2016 to Apr 9, 2016
    • Accounts · 4,405 to 3,562
      Oct 7, 2015 to Mar 25, 2016
    • Advisory employees · 20 to 23
      Oct 7, 2015 to Mar 25, 2016
    • Employees · 38 to 37
      Oct 7, 2015 to Mar 25, 2016
    • Financial planning clients · 0 to 11-25
      Oct 7, 2015 to Mar 25, 2016
    • State-registered IARs · 18 to 21
      Oct 7, 2015 to Mar 25, 2016
    • Discretionary RAUM · $777M to $606M
      Oct 7, 2015 to Mar 25, 2016
    • Non-discretionary RAUM · $2.4M to $6.8M
      Oct 7, 2015 to Mar 25, 2016
    • RAUM · $780M to $613M
      Oct 7, 2015 to Mar 25, 2016
    • Accounts · 3,566 to 4,405
      Oct 22, 2014 to Mar 28, 2015
    • Advisory employees · 15 to 20
      Oct 22, 2014 to Mar 28, 2015
    • Advisory activities · 5 to 4
      Oct 22, 2014 to Mar 28, 2015
    • BD registered reps · 15 to 23
      Oct 22, 2014 to Mar 28, 2015
    • Employees · 20 to 38
      Oct 22, 2014 to Mar 28, 2015
    • State-registered IARs · 15 to 18
      Oct 22, 2014 to Mar 28, 2015
    • Discretionary RAUM · $736M to $777M
      Oct 22, 2014 to Mar 28, 2015
    • Non-discretionary RAUM · $1.8M to $2.4M
      Oct 22, 2014 to Mar 28, 2015
    • RAUM · $738M to $780M
      Oct 22, 2014 to Mar 28, 2015
    • HQ city · CORNELIUS to HUNTERSVILLE
      Jul 11, 2014 to Aug 6, 2014
    • Accounts · 2,570 to 3,566
      Jul 8, 2014 to Jul 11, 2014
    Signals
    1 dated events
    • Cornerstone Wealth reported succeeding to the business of Another Adviser (Form ADV Item 4)
      Jan 10, 2017 · Succession (Item 4) · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026