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BP

Bobby A. Parks

CORNERSTONE ADVISORS
FAYETTEVILLE, AR 72703
Some features on this profile are disabled
CRD#: 5138701
BP

Professional summary

Bobby Alvin Parks, who also goes by Bobby A Parks, is a registered financial advisor currently at CORNERSTONE ADVISORS LLC located in Fayetteville, Arkansas.

Bobby is registered as an IAR (Investment Advisor Representative) and started their career in finance in 2006. Bobby has worked at 5 firms and has passed the Series 65, Series 63, SIE, Series 7 and Series 6 exams.

Question & Answer

Are you a "fiduciary"?
Yes

Aliases

Bobby A Parks

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Bobby Alvin Parks's CRS (Customer Relationship Summary).
CRS (Customer Relationship Summary)

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
None

Experience

Current

March 2, 2026 - Present

CORNERSTONE ADVISORS LLC

Office #1: 4201 Shiloh Dr Suite 1600, Fayetteville, AR 72703
RIA
CRD#: 325163
FAYETTEVILLE, AR
Past

January 2, 2023 - December 31, 2025

CORNERSTONE ADVISORS LLC

RIA
CRD#: 325163
FAYETTEVILLE, AR
Past

July 27, 2021 - August 25, 2023

CORNERSTONE REGISTERED INVESTMENT ADVISORS

RIA
CRD#: 285308
OKLAHOMA CITY, OK
Past

March 25, 2017 - February 11, 2020

MML INVESTORS SERVICES, LLC

RIA
CRD#: 10409
OKLAHOMA CITY, OK
Past

March 25, 2017 - February 11, 2020

MML INVESTORS SERVICES, LLC

BD
CRD#: 10409
OKLAHOMA CITY, OK
Past

May 1, 2013 - March 25, 2017

MSI FINANCIAL SERVICES, INC.

RIA
CRD#: 14251
OKLAHOMA CITY, OK
Past

July 24, 2006 - July 9, 2007

METROPOLITAN LIFE INSURANCE COMPANY

BD
CRD#: 4095
OKLAHOMA CITY, OK
Past

July 24, 2006 - March 25, 2017

MSI FINANCIAL SERVICES, INC.

BD
CRD#: 14251
OKLAHOMA CITY, OK

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".
CA
CORNERSTONE ADVISORS LLC
ACTUS WEALTH MANAGEMENT | HARRIS WEALTH MANAGEMENT | CORNERSTONE ADVISORS LLC

CRD#: 325163 / SEC#: 801-130418

RIA
Registered Investment Advisory firm - (6/5/2024 Approved)
Arkansas
Registered Investment Advisory firm - (7/3/2024 Terminated)
Louisiana
Registered Investment Advisory firm - (7/2/2024 Terminated)
Oklahoma
Registered Investment Advisory firm - (7/2/2024 Terminated)

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

IAR
means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.

Highlighted states indicate IAR registrations

IAR
Oklahoma
(3/2/2026)

Exams

State Security Law Exam
IAR
Series 65
Date: 3/15/2013
Uniform Investment Adviser Law Examination
State Security Law Exam
RR
Series 63
Date: 6/29/2006
Uniform Securities Agent State Law Examination
General Industry/Product Exam
RR
SIE
Date: 10/1/2018
Securities Industry Essentials Examination
General Industry/Product Exam
RR
Series 7
Date: 4/21/2014
General Securities Representative Examination
General Industry/Product Exam
RR
Series 6
Date: 7/22/2006
Investment Company Products/Variable Contracts Representative Examination

Current Firm

CA
CORNERSTONE ADVISORS LLC
ACTUS WEALTH MANAGEMENT | HARRIS WEALTH MANAGEMENT | CORNERSTONE ADVISORS LLC

CRD#: 325163 / SEC#: 801-130418

RIA
Registered Investment Advisory firm - (6/5/2024 Approved)
Arkansas
Registered Investment Advisory firm - (7/3/2024 Terminated)
Louisiana
Registered Investment Advisory firm - (7/2/2024 Terminated)
Oklahoma
Registered Investment Advisory firm - (7/2/2024 Terminated)
PREMIUM
Stay ahead of every change that matters. Proactive intelligence on your advisors, before issues escalate.
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Catch Firm Red Flags SoonerCatch leadership changes and disclosures early, before issues escalate.
Trends, Not Just SnapshotsMonitor firm stability metrics like AUM and advisor ratios over time.

Contact information

Main Address
4201 Shiloh Dr Suite 1600, Fayetteville, AR 72703
Mailing Address
Phone number
(501) 943-7132
Established
Firm type
Fiscal year end
# of Employees
5

SEC notice filing (5 States and Territories)

Blank US states mapAlaskaHawaiiAlabamaArkansasArizonaCaliforniaColoradoConnecticutDelawareFloridaGeorgiaIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWisconsinWest VirginiaWyoming

Documents

Customer Relationship Summary (CRS / SEC)Latest Form ADV

Part 2 Brochures

FORM ADV PART 2A- CORNERSTONE ADVISORS LLC (3/20/2025)

Regulatory assets under management

Total Number of Accounts206
AUM (Assets Under Management)$ 276,933,985

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

Company Information

CORNERSTONE ADVISORS LLC

CRD#: 325163Fayetteville, AR 72703

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