Hedge Fund Database

CORNERSTONE ADVISORY

CORNERSTONE ADVISORY, LLC Legal Name

Adviser information for CORNERSTONE ADVISORY last updated from Form ADV on March 21st, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.

Advisory Business

Type of Organization Limited Liability Company
Fiscal Year End DECEMBER
Legal Location Maryland, United States

Employees

Total Number of Employees 16
Investment Advisory/Research 8
Registered Broker-Dealer Representatives 0
Registered State Investment Advisers 8
Licensed Agents of an Insurance Company 2
No. of Firms/People that Solicit Clients 4

RAUM

Provides Management of Securities Portfolios Yes
Type Accounts RAUM
Discretionary 2,374 $1.7B
Non-Discretionary 0 $0
Total 2,374 $1.7B

Clients

Type Number RAUM
Individuals 345 $90.7M
HNW Individuals 349 $1.2B
Banking or thrift institutions 0 $0
Investment companies 0 $0
Business development companies 0 $0
Pooled investment vehicles 1 $24.5M
Pension and profit sharing plans 168 $69.4M
Charitable organizations <5 $2.1M
State or municipal gov entities 0 $0
Other investment advisers 0 $0
Insurance companies 0 $0
Sovereign wealth funds and foreign official institutions 0 $0
Corporations or other businesses 19 $101.8M
Other 109 $228.9M
Type Number
No. of Non-RAUM Clients 0
No. of Non-U.S. Clients 0
No. of Financial Planning Clients 51-100

Services

Advisory Services Financial planningPortfolio management for individuals and/or small businessesPortfolio management for pooled investment vehiclesPension consulting services
Compensation % of AUMHourly chargesFixed fees

Identifiers

SEC RIA File Number 801-68058
SEC ERA File Number 801-68058
SEC CIK Numbers 1668189
SEC CRD Numbers 142359
Legal Entity Identifier 549300TFO6LP2URYDW37

Principal Office

211 OLD PADONIA ROAD
HUNT VALLEY
MD
United States
Monday - Friday, 8:00 A.M. TO 5:30 P.M.
Tel: 410-468-1693, Fax: 410-783-0568

Websites

www.cornerstoneadvisory.com/

Chief Compliance Officer

DONALD S. HUBER, JR.
MANAGING MEMBER
211 OLD PADONIA ROAD
HUNT VALLEY
MD
United States
Tel: 410-468-1694
Fax: 410-783-0568
(Full email address available in API data)

Regulatory Contact

AMY LYNCH
DIRECTOR OF OPERATIONS
211 OLD PADONIA ROAD
HUNT VALLEY
MD
United States
Tel: 410-468-1693
Fax: 410-783-0568
(Full email address available in API data)

Industry Affiliates

CORNERSTONE MANAGEMENT PARTNERS, LLC Sponsor, GP, manager of pooled investment vehicles
OUTCOME DRIVEN STRATEGIES, LLC Other investment adviser, including financial planners

Private Funds

Name Type Assets $USD Min Investment $USD No. Owners
OUTCOME DRIVEN FUND, L.P. Hedge Fund $24.5M $0.5M 61

Control Persons

Name Type Entity Title Since Ownership
HUBER, DONALD, STEPHEN Individual – CHIEF COMPLIANCE OFFICER / MANAGING MEMBER 11/2006 < 5%
HUBER, DONALD, STEPHEN Individual CHESAPEAKE ADVISORY GROUP, LLP PARTNER 04/2017 50-75%
CHESAPEAKE ADVISORY GROUP, LLP Domestic Entity – OWNER 04/2017 50-75%
PRIVATE FUND ADVISORS, INC. Domestic Entity – OWNER 04/2017 25-50%
BIDDISON, THOMAS, NICHOLS Individual CHESAPEAKE ADVISORY GROUP, LLP PARTNER 04/2017 50-75%
JOHNSON, ERIK, DORSEY Individual PRIVATE FUND ADVISORS, INC. PRINCIPAL 04/2017 > 75%
JOHNSON, ERIK, DORSEY Individual – MEMBER 04/2017 < 5%
BIDDISON, THOMAS, NICHOLS Individual – MEMBER 11/2006 < 5%

No. Employees, Historic

20100201920202021202220232024202513 on 4/22/201913 on 6/6/201913 on 3/28/202013 on 4/22/202013 on 4/29/202013 on 6/25/202013 on 6/30/202013 on 7/15/202013 on 7/27/202013 on 10/14/202013 on 3/22/202113 on 12/3/202114 on 3/29/202214 on 11/22/202214 on 1/5/202314 on 3/20/202314 on 4/28/202316 on 3/21/2024

RAUM, Historic

2B1B020192020202120222023202420251056915248 on 4/22/20191056915248 on 6/6/20191333929220 on 3/28/20201302651166 on 4/22/20201332167408 on 4/29/20201332167408 on 6/25/20201332167408 on 6/30/20201332167408 on 7/15/20201332167408 on 7/27/20201332167408 on 10/14/20201429405386 on 3/22/20211429405386 on 12/3/20211702231855 on 3/29/20221702231855 on 11/22/20221702231855 on 1/5/20231515979056 on 3/20/20231515979056 on 4/28/20231741867186 on 3/21/2024

No. Clients, Historic

1,00050002019202020212022202320242025671 on 4/22/2019671 on 6/6/2019810 on 3/28/2020796 on 4/22/2020796 on 4/29/2020796 on 6/25/2020796 on 6/30/2020796 on 7/15/2020796 on 7/27/2020796 on 10/14/2020720 on 3/22/2021720 on 12/3/2021846 on 3/29/2022846 on 11/22/2022846 on 1/5/2023792 on 3/20/2023792 on 4/28/2023991 on 3/21/2024

Holdings

From latest 13F, filed August 14th, 2024 for period ending June 30th, 2024
Name Class Value $USD # Shares Private Fund
J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM 51M 893K –
J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM 47M 826K –
ISHARES TR CORE S&P500 ETF 37M 67K –
VANGUARD WHITEHALL FDS HIGH DIV YLD 27M 229K –
GOLDMAN SACHS ETF TR ACTIVEBETA US LG 24M 224K –
ISHARES TR CORE S&P SCP ETF 21M 194K –
APPLE INC COM 20M 96K –
VANGUARD ADMIRAL FDS INC 500 GRTH IDX F 17M 50K –
JANUS DETROIT STR TR HENDRSON AAA CL 12M 245K –
VANGUARD WORLD FD INF TECH ETF 11M 19K –
PIMCO ETF TR ACTIVE BD ETF 10M 115K –
BERKSHIRE HATHAWAY INC DEL CL B NEW 10M 25K –
VANECK ETF TRUST MRNGSTR WDE MOAT 10M 111K –
MICROSOFT CORP COM 10M 21K –
J P MORGAN EXCHANGE TRADED F NASDAQ EQT PREM 9M 167K –
T ROWE PRICE ETF INC CAP APPRECIATION 9M 290K –
AMAZON COM INC COM 9M 47K –
BLACKROCK MUNIYILD QULT FD I COM 9M 734K –
PIMCO DYNAMIC INCOME FD SHS 9M 468K –
ALPHABET INC CAP STK CL A 8M 46K –
NUVEEN PFD & INCOME TERM FD COM 8M 416K –
PRICE T ROWE GROUP INC COM 8M 69K –
VANGUARD WHITEHALL FDS HIGH DIV YLD 7M 63K –
BERKSHIRE HATHAWAY INC DEL CL B NEW 7M 18K –
ISHARES TR CORE MSCI EAFE 7M 99K –
ALPHABET INC CAP STK CL A 7M 39K –
T ROWE PRICE ETF INC CAP APPRECIATION 7M 217K –
APPLE INC COM 7M 31K –
ISHARES TR RUSSELL 2000 ETF 6M 32K –
GOLDMAN SACHS ETF TR S&P 500 CORE PRE 6M 135K –
VANGUARD WORLD FD HEALTH CAR ETF 6M 23K –
VANGUARD SPECIALIZED FUNDS DIV APP ETF 6M 31K –
AMAZON COM INC COM 6M 30K –
SPDR SER TR S&P DIVID ETF 6M 44K –
ISHARES TR RUS 1000 GRW ETF 6M 15K –
INVESCO EXCHANGE TRADED FD T FTSE RAFI 1000 5M 133K –
MICROSOFT CORP COM 5M 11K –
META PLATFORMS INC CL A 5M 9K –
CENCORA INC COM 5M 21K –
VANGUARD SPECIALIZED FUNDS DIV APP ETF 5M 26K –
J P MORGAN EXCHANGE TRADED F ULTRA SHRT INC 5M 92K –
PIMCO DYNAMIC INCOME OPRNTS COM BEN SHS 5M 345K –
J P MORGAN EXCHANGE TRADED F NASDAQ EQT PREM 5M 81K –
VANGUARD WORLD FD INF TECH ETF 4M 8K –
VANGUARD INDEX FDS SM CP VAL ETF 4M 23K –
VANGUARD INDEX FDS MID CAP ETF 4M 17K –
ALPHABET INC CAP STK CL C 4M 23K –
INVESCO QQQ TR UNIT SER 1 4M 9K –
ISHARES TR RUS 1000 VAL ETF 4M 23K –
SPDR S&P 500 ETF TR TR UNIT 4M 7K –
PACER FDS TR US CASH COWS 100 4M 67K –
ALPHABET INC CAP STK CL C 3M 19K –
ISHARES TR CORE S&P US GWT 3M 27K –
NVIDIA CORPORATION COM 3M 28K –
NUVEEN AMT FREE MUN CR INC F COM 3M 275K –
BLACKROCK HEALTH SCIENCES TR COM 3M 82K –
VANGUARD ADMIRAL FDS INC 500 GRTH IDX F 3M 10K –
VANGUARD INDEX FDS VALUE ETF 3M 19K –
VISA INC COM CL A 3M 12K –
NVIDIA CORPORATION COM 3M 24K –
INVESCO EXCHANGE TRADED FD T S&P500 EQL HLT 3M 97K –
VANGUARD INDEX FDS MID CAP ETF 3M 12K –
COHEN & STEERS SELECT PFD & COM 3M 140K –
VANGUARD INDEX FDS SML CP GRW ETF 3M 10K –
JPMORGAN CHASE & CO. COM 3M 12K –
MASTERCARD INCORPORATED CL A 2M 6K –
ABBVIE INC COM 2M 14K –
EXXON MOBIL CORP COM 2M 20K –
BLACKROCK HEALTH SCIENCES TR COM 2M 55K –
PIMCO DYNAMIC INCOME FD SHS 2M 116K –
GOLDMAN SACHS ETF TR S&P 500 CORE PRE 2M 46K –
VANGUARD WORLD FD HEALTH CAR ETF 2M 8K –
JOHNSON & JOHNSON COM 2M 14K –
META PLATFORMS INC CL A 2M 4K –
NUVEEN PFD & INCOME TERM FD COM 2M 102K –
VISA INC COM CL A 2M 7K –
SELECT SECTOR SPDR TR INDL 2M 15K –
SELECT SECTOR SPDR TR TECHNOLOGY 2M 8K –
VANGUARD INDEX FDS GROWTH ETF 2M 5K –
BLACKROCK MUNIYILD QULT FD I COM 2M 145K –
PROCTER AND GAMBLE CO COM 2M 11K –
NUVEEN QUALITY MUNCP INCOME COM 2M 148K –
ISHARES TR RUS 1000 ETF 2M 6K –
ISHARES TR S&P MC 400VL ETF 2M 14K –
ELI LILLY & CO COM 2M 2K –
MASTERCARD INCORPORATED CL A 2M 3K –
ISHARES TR RUS 1000 GRW ETF 1M 4K –
APPLIED MATLS INC COM 1M 6K –
MERCK & CO INC COM 1M 11K –
VANGUARD INDEX FDS SM CP VAL ETF 1M 7K –
ISHARES TR S&P 500 GRWT ETF 1M 15K –
VANGUARD INDEX FDS GROWTH ETF 1M 4K –
GOLDMAN SACHS ETF TR ACTIVEBETA US LG 1M 13K –
GARTNER INC COM 1M 3K –
PIMCO DYNAMIC INCOME OPRNTS COM BEN SHS 1M 93K –
STRYKER CORPORATION COM 1M 4K –
PALO ALTO NETWORKS INC COM 1M 3K –
VANGUARD INDEX FDS TOTAL STK MKT 1M 4K –
ISHARES INC CORE MSCI EMKT 1M 21K –
UNITEDHEALTH GROUP INC COM 1M 2K –
COSTCO WHSL CORP NEW COM 1M 1K –
NUVEEN AMT FREE MUN CR INC F COM 1M 87K –
VANGUARD INDEX FDS SML CP GRW ETF 1M 4K –
ORACLE CORP COM 1M 7K –
PIMCO MUN INCOME FD II COM 1M 119K –
UNION PAC CORP COM 978K 4K –
PEPSICO INC COM 975K 6K –
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 962K 16K –
PHILIP MORRIS INTL INC COM 956K 9K –
ISHARES TR US AER DEF ETF 924K 7K –
ISHARES TR CORE S&P US GWT 923K 7K –
APPIAN CORP CL A 920K 30K –
SSGA ACTIVE ETF TR SPDR TR TACTIC 907K 23K –
SELECT SECTOR SPDR TR SBI INT-UTILS 886K 13K –
ISHARES TR CORE S&P SCP ETF 824K 8K –
TRUIST FINL CORP COM 791K 20K –
AMGEN INC COM 773K 2K –
INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF 771K 4K –
HOME DEPOT INC COM 770K 2K –
PROSHARES TR S&P 500 DV ARIST 769K 8K –
COSTCO WHSL CORP NEW COM 759K 893 –
ADVANCED MICRO DEVICES INC COM 755K 5K –
RTX CORPORATION COM 754K 8K –
DANAHER CORPORATION COM 751K 3K –
MCDONALDS CORP COM 747K 3K –
TRANE TECHNOLOGIES PLC SHS 743K 2K –
DISNEY WALT CO COM 740K 7K –
WALMART INC COM 733K 11K –
VANGUARD INDEX FDS MCAP GR IDXVIP 732K 3K –
BANK AMERICA CORP COM 715K 18K –
ELI LILLY & CO COM 709K 783 –
LOCKHEED MARTIN CORP COM 708K 2K –
OAKTREE SPECIALTY LENDING CO COM 707K 35K –
AMERICAN CENTY ETF TR US SML CP VALU 698K 8K –
PHILIP MORRIS INTL INC COM 684K 7K –
MARRIOTT INTL INC NEW CL A 684K 3K –
BROADCOM INC COM 684K 426 –
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 676K 9K –
ISHARES TR CORE US AGGBD ET 675K 7K –
SPDR SER TR HLTH CR EQUIP 675K 8K –
SHENANDOAH TELECOMMUNICATION COM 672K 41K –
DUKE ENERGY CORP NEW COM NEW 664K 7K –
CHEVRON CORP NEW COM 630K 4K –
ALTRIA GROUP INC COM 620K 14K –
UNITEDHEALTH GROUP INC COM 619K 1K –
CSX CORP COM 596K 18K –
AMERICAN TOWER CORP NEW COM 581K 3K –
STRYKER CORPORATION COM 575K 2K –
BOEING CO COM 572K 3K –
OAKTREE SPECIALTY LENDING CO COM 568K 30K –
AUTOMATIC DATA PROCESSING IN COM 566K 2K –
NUVEEN QUALITY MUNCP INCOME COM 561K 48K –
CATERPILLAR INC COM 556K 2K –
CONSTELLATION ENERGY CORP COM 551K 3K –
AMERICAN ELEC PWR CO INC COM 547K 6K –
INTERNATIONAL BUSINESS MACHS COM 541K 3K –
VANGUARD SCOTTSDALE FDS SHORT TERM TREAS 540K 9K –
SELECT SECTOR SPDR TR FINANCIAL 521K 13K –
WASTE MGMT INC DEL COM 516K 2K –
HONEYWELL INTL INC COM 513K 2K –
PACER FDS TR US CASH COWS 100 484K 9K –
PFIZER INC COM 481K 17K –
ABBOTT LABS COM 475K 5K –
MOODYS CORP COM 469K 1K –
TRACTOR SUPPLY CO COM 469K 2K –
BLACKSTONE INC COM 461K 4K –
SELECT SECTOR SPDR TR TECHNOLOGY 455K 2K –
TEXAS INSTRS INC COM 441K 2K –
PIMCO MUN INCOME FD II COM 439K 51K –
PURE STORAGE INC CL A 439K 7K –
WELLS FARGO CO NEW COM 430K 7K –
JOHNSON & JOHNSON COM 430K 3K –
ABBVIE INC COM 426K 2K –
PUBLIC STORAGE OPER CO COM 426K 1K –
COHEN & STEERS SELECT PFD & COM 425K 21K –
COCA COLA CO COM 424K 7K –
SOUTHERN CO COM 416K 5K –
VERIZON COMMUNICATIONS INC COM 415K 10K –
THERMO FISHER SCIENTIFIC INC COM 410K 741 –
EMERSON ELEC CO COM 407K 4K –
BUNGE GLOBAL SA COM SHS 399K 4K –
NEXTERA ENERGY INC COM 389K 5K –
ORACLE CORP COM 387K 3K –
QUALCOMM INC COM 377K 2K –
KAYNE ANDERSON ENERGY INFRST COM 376K 36K –
PROLOGIS INC. COM 375K 3K –
J P MORGAN EXCHANGE TRADED F INCOME ETF 375K 8K –
CISCO SYS INC COM 370K 8K –
DOMINION ENERGY INC COM 363K 7K –
KAYNE ANDERSON ENERGY INFRST COM 360K 35K –
AVALONBAY CMNTYS INC COM 359K 2K –
ENERGY TRANSFER L P COM UT LTD PTN 358K 22K –
LINDE PLC SHS 356K 812 –
VANGUARD WHITEHALL FDS INTL HIGH ETF 356K 5K –
ADOBE INC COM 348K 627 –
T ROWE PRICE ETF INC PRICE DIV GRWT 345K 9K –
LCNB CORP COM 341K 25K –
MARSH & MCLENNAN COS INC COM 340K 2K –
T ROWE PRICE ETF INC PRICE DIV GRWT 339K 9K –
TESLA INC COM 338K 2K –
AIR PRODS & CHEMS INC COM 338K 1K –
ISHARES TR U.S. MED DVC ETF 336K 6K –
SELECT SECTOR SPDR TR INDL 334K 3K –
CROWN CASTLE INC COM 333K 3K –
BRISTOL-MYERS SQUIBB CO COM 333K 8K –
UBER TECHNOLOGIES INC COM 333K 5K –
SPDR SER TR S&P BIOTECH 330K 4K –
INTEL CORP COM 329K 11K –
GE AEROSPACE COM NEW 324K 2K –
MONDELEZ INTL INC CL A 322K 5K –
SELECT SECTOR SPDR TR SBI HEALTHCARE 319K 2K –
3M CO COM 316K 3K –
SPDR SER TR S&P 600 SMCP VAL 305K 4K –
SPDR DOW JONES INDL AVERAGE UT SER 1 305K 780 –
KKR & CO INC COM 304K 3K –
FIRST TR EXCH TRADED FD III PFD SECS INC ETF 303K 17K –
HOME DEPOT INC COM 301K 875 –
MEDTRONIC PLC SHS 301K 4K –
CORNING INC COM 298K 8K –
PROCTER AND GAMBLE CO COM 297K 2K –
AMPHENOL CORP NEW CL A 295K 4K –
EXELON CORP COM 294K 8K –
ISHARES TR SELECT DIVID ETF 293K 2K –
CONOCOPHILLIPS COM 291K 3K –
SPDR SER TR S&P BIOTECH 291K 3K –
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 285K 7K –
DECKERS OUTDOOR CORP COM 283K 292 –
J P MORGAN EXCHANGE TRADED F ULTRA SHRT INC 283K 6K –
DIMENSIONAL ETF TRUST US SMALL CAP ETF 279K 5K –
SIMON PPTY GROUP INC NEW COM 277K 2K –
BLACKROCK INC COM 276K 351 –
COMPASS DIVERSIFIED SH BEN INT 275K 13K –
SPDR S&P 500 ETF TR TR UNIT 272K 500 –
TORTOISE MIDSTRM ENERGY FD I COM 265K 6K –
GOLDMAN SACHS GROUP INC COM 265K 586 –
HUNT J B TRANS SVCS INC COM 263K 2K –
NETFLIX INC COM 262K 388 –
VANGUARD INDEX FDS SMALL CP ETF 262K 1K –
ARES CAPITAL CORP COM 261K 13K –
ENTERPRISE PRODS PARTNERS L COM 260K 9K –
CONSTELLATION BRANDS INC CL A 260K 1K –
COHEN & STEERS INFRASTRUCTUR COM 259K 12K –
ISHARES TR U.S. MED DVC ETF 258K 5K –
MORGAN STANLEY COM NEW 257K 3K –
AKAMAI TECHNOLOGIES INC COM 255K 3K –
STARBUCKS CORP COM 252K 3K –
ONEOK INC NEW COM 249K 3K –
NORTHROP GRUMMAN CORP COM 248K 570 –
DANAHER CORPORATION COM 244K 975 –
BANK AMERICA CORP COM 242K 6K –
DEERE & CO COM 240K 644 –
VANECK ETF TRUST SEMICONDUCTR ETF 236K 907 –
MERCK & CO INC COM 236K 2K –
ARCHER DANIELS MIDLAND CO COM 235K 4K –
NEXTERA ENERGY INC COM 235K 3K –
C3 AI INC CL A 232K 8K –
PALO ALTO NETWORKS INC COM 230K 677 –
HONEYWELL INTL INC COM 227K 1K –
ISHARES TR MSCI USA ESG SLC 226K 2K –
COHEN & STEERS INFRASTRUCTUR COM 223K 10K –
CHUBB LIMITED COM 222K 872 –
NORTHROP GRUMMAN CORP COM 222K 509 –
SSGA ACTIVE ETF TR BLACKSTONE SENR 220K 5K –
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 218K 4K –
FIRST TR EXCH TRADED FD III PFD SECS INC ETF 217K 13K –
NIKE INC CL B 212K 3K –
KIMBERLY-CLARK CORP COM 211K 2K –
KLA CORP COM NEW 209K 253 –
ISHARES TR MORNINGSTAR GRWT 204K 3K –
EATON VANCE TAX-MANAGED GLOB COM 201K 24K –
FIRST TR EXCHNG TRADED FD VI FT ENERGY INCOME 193K 10K –
PIMCO CORPORATE & INCOME OPP COM 172K 12K –
BLACKROCK MUNIYIELD FD INC COM 132K 12K –
BNY MELLON STRATEGIC MUNS IN COM 123K 20K –
NUVEEN VIRGINIA QLTY MUNCPL COM 115K 10K –
PINSTRIPES HOLDINGS INC CL A COM 97K 35K –
COMMSCOPE HLDG CO INC COM 31K 25K –