Bobby A. Parks

CORNERSTONE ADVISORS LLC

FAYETTEVILLE, AR 72703

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CRD#: 5138701

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.

1) Name: Daniel B Cunningham and/or Oklahoma Financial Network, LLC Inv rel: Y Add: 7913 Glenwood Avenue Oklahoma City, OK 73114 Nature: NonMMLIA Insurance Brokerage Position: Sales, Broker Start date: 09/2003 No. HR/MO: 2 No. HR/MO during sec trading: 2 Describe duties: Individual Life, Property/Casualty, Health, Group Life, Group Health, DI, Fixed Annuity, Life/Accident, LTC, Medicare Related Pro, Structure Settlement, Group DI & Dental.

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

January 2, 2023 - Present

CORNERSTONE ADVISORS LLC

Office #1: 4201 Shiloh Dr Suite 1600, Fayetteville, AR 72703

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

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

CRD#: 4095

OKLAHOMA CITY, OK

Past

July 24, 2006 - March 25, 2017

MSI FINANCIAL SERVICES, INC.

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".

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)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

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

Arkansas
(1/2/2023)

IAR

Oklahoma
(12/22/2023)

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state.

Exams

State Security Law Exam

IAR

Series 65

Date: 3/15/2013

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 6/29/2006

Uniform Securities Agent State Law Examination

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 4/21/2014

General Securities Representative Examination

General Industry/Product Exam

Series 6

Date: 7/22/2006

Investment Company Products/Variable Contracts Representative Examination

Current Firm

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)

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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

SEC notice filing (5 States and Territories)

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 Accounts	206
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.

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Firm Stability Insights

Bobby A. Parks

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

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

Certified licenses

Experience

CORNERSTONE REGISTERED INVESTMENT ADVISORS

MML INVESTORS SERVICES, LLC

MML INVESTORS SERVICES, LLC

MSI FINANCIAL SERVICES, INC.

METROPOLITAN LIFE INSURANCE COMPANY

MSI FINANCIAL SERVICES, INC.

Primary Firm SEC Registration

CORNERSTONE ADVISORS LLC

State Registrations and Notice Filings

Exams

Series 65

Date: 3/15/2013

Series 63

Date: 6/29/2006

SIE

Date: 10/1/2018

Series 7

Date: 4/21/2014

Series 6

Date: 7/22/2006

Current Firm

CORNERSTONE ADVISORS LLC

Contact information

SEC notice filing (5 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Red Flags

Company Information

CORNERSTONE ADVISORS LLC

TRUST BUT VERIFY

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