Cornerstone Advisory, Llc
- Regulatory AUM
- $2.2B
- Discretionary
- $2.2B
- Clients
- 854
- Avg AUM / client
- $2.6M
- Accounts
- 3,135
- Employees
- 19
AUM over time
Annual snapshots from Form ADV filings · as of Mar 24, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 356 | $161M | 7.14% |
| High net worth individuals | 452 | $1.9B | 82.5% |
| Pooled investment vehicles (non-investment companies) | 1 | $30.4M | 1.35% |
| Pension and profit sharing plans | 24 | $165M | 7.35% |
| Charitable organizations | Fewer than 5 clients | $1.0M | 0.05% |
| Corporations and other businesses | 21 | $36.7M | 1.63% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Jun 2024 · $24.5M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Outcome Driven Fund, L.P. | Hedge Fund | Delaware | $24.5M | 61 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Littler Mendelson 401(k) Plan And Trust Littler Mendelson, P.C. | 2024 | |
| Cds Logistics Retirement Plan Cds Logistics Management Inc | 2024 | |
| Dynasplint Systems Inc. 401(k) Plan Dynasplint Systems, Inc. | 2024 | |
| Cowan Systems 401 K Profit Sharing Plan Cowan Systems, Llc | 2024 |
People (10)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Donald Stephen Huber | Managing Member | Nov 2006 (20y) | ≈ 25% – 56.25% via Chesapeake Advisory Group, Llp | |
| Thomas Nichols Biddison | Partner | Nov 2006 (20y) | ≈ 25% – 56.25% via Chesapeake Advisory Group, Llp | |
| Erik Dorsey Johnson | Principal | Apr 2017 (9y) | ≈ 18.75% – 50% via Private Fund Advisors, Inc. | |
| Elfenbein, Lonny, Scott | Chief Compliance Officer | Jun 2024 (2y) | Less than 5% | |
| Michael Kelly Lavina | Registered representative | Sep 2015 (11y) | ||
| Robert Michael Gill | Registered representative | Nov 2018 (8y) | ||
| James Ross Foxen | Registered representative | Nov 2023 (3y) | ||
| Christopher Pesota | Registered representative | CFP | Jan 2024 (3y) | |
| Patrick Augustine Ryan | Registered representative | CFP | Jan 2024 (3y) | |
| Gavin Johnson | Registered representative | Sep 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Chesapeake Advisory Group, Llp | Owner | Apr 2017 | A | 50% – 75% |
| Private Fund Advisors, Inc. | Owner | Apr 2017 | A | 25% – 50% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Donald Stephen Huber: 50% – 75% of Chesapeake Advisory Group, Llp × 50% – 75% direct ≈ 25% – 56.25% of the firm
- Thomas Nichols Biddison: 50% – 75% of Chesapeake Advisory Group, Llp × 50% – 75% direct ≈ 25% – 56.25% of the firm
- Erik Dorsey Johnson: 75% – 100% of Private Fund Advisors, Inc. × 25% – 50% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $24.5M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Outcome Driven Fund, L.P. | Hedge Fund | $24.5M | $500K | 61 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (4)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Littler Mendelson 401(k) Plan And Trust | Littler Mendelson, P.C. | 2,298 | $1.1B | 01/01/2024 |
| Cds Logistics Retirement Plan | Cds Logistics Management Inc | 259 | $6.4M | 01/01/2024 |
| Dynasplint Systems Inc. 401(k) Plan | Dynasplint Systems, Inc. | 326 | $21.0M | 01/01/2024 |
| Cowan Systems 401 K Profit Sharing Plan | Cowan Systems, Llc | 287 | $36.5M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/24/2026 | 1.27 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Pension consulting services
Custody
Reported custodians
- Charles Schwab & Co. $2.0B (90% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 24, 2026.
View current Form ADV (SEC/IAPD) ↗