We are dedicated to providing individuals and other types of clients with a wide array of
comprehensive financial planning, wealth management and investment advisory services. Our firm
is a corporation formed in the State of Minnesota has been in business as an investment adviser
offering such services since 2003 (its predecessor, Retirement Solutions, since 1990) and is owned
by Jonathan T. Guyton (49.9%) and Andrea N. Eaton (50.1%).
The purpose of this Brochure is to disclose the conflicts of interest associated with the investment
transactions, compensation and any other matters related to investment decisions made by our firm
or its representatives. As a fiduciary, it is our duty to always act in each client’s best interest. This is
accomplished in part by knowing our client. Our firm has established a service-oriented advisory
practice with open lines of communication for many different types of clients to help meet their
financial goals while remaining sensitive to their risk tolerances and time horizons. Working with
clients to understand their investment objectives while educating them about our process facilitates
the kind of working relationship we value.
Types of Advisory Services Offered
One-Time Comprehensive Financial Planning and Consulting:
We begin with a conversation about your financial values and money history before proceeding to
understand your specific financial and/or life goals. We then conduct a thorough fact-finding of your
situation at a second meeting. Based on what we learn from you, we provide a written analysis and
recommendations of planning strategies, techniques, and detailed actions that can enhance your
ability to achieve financial and life goals. Our recommendations may address – but are not limited to
– cash flow planning, liability management, retirement distribution planning and income generation,
investment allocation, portfolio design, analysis of current holdings, education planning, income tax
planning and management, stock option exercise, estate planning, charitable giving, family wealth
transfer, protection planning and special needs funding. We base our recommendations on the facts
and representations that you make to us. These financial planning and consulting services are
typically completed within six (6) months of your signing an Agreement with us, assuming you
provide requested information in a timely manner. Implementation of our recommendations is at
your sole discretion. In our recommendations, we may refer you to an accountant, attorney or other
specialist as necessary for non-advisory related services we believe are appropriate. We consider
that these Services to have been provided in full by the thirtieth (30th) day following the meeting at
which we present our written recommendations to you.
Comprehensive Financial Planning, Advice and Investment Management:
These ongoing advisory services are designed to help you achieve your financial goals in a manner
consistent with your values and priorities. We are often engaged to provide these services to clients
who are more than five years from their retirement. They include:
Semi-annual or annual meetings to review your goals, priorities, changes in your situation,
general economic conditions and outlook, progress toward your goals, cash flow,
employment compensation and benefits, liabilities, asset protection and insurances,
education planning, income tax planning, investment allocation and portfolio performance,
retirement income planning, planning around concentrated stock positions, stock option
strategy, employer retirement plans, and estate or charitable giving plans and other matters
ADV Part 2A – Firm Brochure Page 5 Cornerstone Wealth Advisors, Inc.
that may affect your financial well-being or ability to achieve your financial goals.
Additional meetings as needed for conversations regarding any of the matters mentioned
above
Creation and maintenance of an Investment Policy Statement that establishes your
investment objectives, risk tolerance, appropriate asset classes as well as any restrictions you
wish to place on the management of your portfolio, including whether we will have discretion
within the parameters of your Investment Policy.
Analysis to determine the appropriate allocation of assets between various asset classes.
Analysis, selection and purchase of investment securities to implement your Investment
Policy. In doing this, we may propose an investment portfolio, consisting of exchange traded
funds, mutual funds, individual stocks or bonds, or other securities. Upon your agreement to
the proposed Investment Policy, we work with you to establish
or transfer investment
accounts so that we can manage your portfolio accordingly.
Regular and ongoing monitoring of your portfolio, asset allocation and security selection.
Once these accounts are established under our management, we review them on a regular
basis and at least quarterly. In accordance with your Investment Policy, we will periodically
rebalance your portfolio and/or recommend changes to your Investment Policy based on any
changes to your situation. Should you experience any significant changes to your financial or
personal circumstances between regular review meetings, we will need you to notify us so
that we can consider such information in managing your investment portfolio.
Quarterly reports detailing your portfolio’s holdings, asset allocation, performance and our
outlook for the economy and financial markets.
Creation and maintenance of a Withdrawal Policy Statement at the time you require regular
distributions from your portfolio that establishes your income requirements and specifies
their sources, adjustments for inflation and trigger points for modifications when necessary
to maintain your income’s sustainability.
Comprehensive Retirement Planning, Advice and Investment Management:
These ongoing advisory services are designed to help you achieve your retirement financial goals in
a manner consistent with your values and priorities. We are often engaged to provide these services
to clients who are less than five years from the start of their retirement. They include:
Semi-annual meetings to review your financial goals; life goals; personal and/or family
priorities; changes in your situation; general economic conditions and outlook; progress
toward your goals; cash flow; employment compensation and benefits; liabilities; asset
protection and insurances; investment portfolio allocation and holdings; retirement income
distribution strategies, management and monitoring; planning around concentrated stock
positions; employer retirement plans; income tax situation or charitable giving plans
ADV Part 2A – Firm Brochure Page 6 Cornerstone Wealth Advisors, Inc.
Time at these semi-annual meetings, as needed, for conversations about other money-related
matters that affect your overall financial goals and well-being
Additional meetings, as needed, for conversations about other matters that arise relating to
your well-being, whether financial or otherwise
Creation and maintenance of a Withdrawal Policy that establishes your portfolio income
requirements and specifies their sources, adjustments for inflation and trigger points for
modifications, when necessary, to maintain your income’s sustainability
Creation and maintenance of an Investment Policy that establishes your investment
objectives, risk tolerance, appropriate asset classes as well as any restrictions you wish to
place on the management of your portfolio
Analysis to determine the appropriate allocation of assets between various asset classes
Analysis, selection and purchase of investment securities to fund your Investment Policy
Ongoing trading implementation to provide your chosen portfolio income
Regular and ongoing monitoring of your portfolio, asset allocation and security selection
Quarterly reports detailing your portfolio’s holdings, asset allocation, performance and our
outlook for the economy and financial markets
Tailoring of Advisory Services
We offer individualized advice to clients via the following services: One-time Comprehensive
Financial Planning; Comprehensive Financial Planning, Advice and Investment Management; and
Comprehensive Retirement Planning, Advice and Investment Management.
We usually do not allow clients to impose restrictions on investing in certain securities or types of
securities. In the rare instance that we do, it is limited to restrictions that do not unduly impede our
ability to otherwise execute their Investment Policy. Such restrictions are limited to the following
services: Comprehensive Financial Planning, Advice and Investment Management; and
Comprehensive Retirement Planning, Advice and Investment Management. We only manage assets
through these two advisory services. We will occasionally agree to provide a portion of our two
ongoing services without also providing the remainder of these ongoing services.
Participation in Wrap Fee Programs
We do not offer wrap fee programs.
Regulatory Assets Under Management
We manage $432,905,163 on a discretionary basis and $12,504,459 on a non-discretionary basis as
of December 31, 2023.
ADV Part 2A – Firm Brochure Page 7 Cornerstone Wealth Advisors, Inc.