Lee P. Sanders

CORNERSTONE ADVISORS LLC

Conway, AR

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CRD#: 5243694

Professional summary

Lee P Sanders, who also goes by Lee P Sanders, Lee Parker Sanders, is a registered financial advisor currently at CORNERSTONE ADVISORS LLC located in Conway, Arkansas.

Lee is registered as an IAR (Investment Advisor Representative) and started their career in finance in 2007. Lee has worked at 7 firms and has passed the Series 65, Series 66, SIE, Series 7 and Series 24 exams.

Question & Answer

Are you a "fiduciary"?

Yes

Aliases

Lee P Sanders | Lee Parker Sanders

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. Firethorn Financial Group, LLC, 6/5/2020, DBA for Insurance and Investment related business. Used as a DBA only. 100% Owner of LLC. 2. Chief Revenue and Strategy Officer, New Alternative Green Energy, Inc. Work as a consultant for a start-up green energy company based in Texas. No time is spent during trrading hours working with this company.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Lee P Sanders'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

October 6, 2023 - Present

CORNERSTONE ADVISORS LLC

RIA

CRD#: 325163

Conway, AR

Past

November 2, 2022 - December 31, 2023

CORNERSTONE REGISTERED INVESTMENT ADVISORS

RIA

CRD#: 285308

CONWAY, AR

Past

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

Louisiana
(10/6/2023)

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: 2/14/2014

Uniform Investment Adviser Law Examination

State Security Law Exam

IAR

Series 66

Date: 11/12/2007

Uniform Combined State Law Examination

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 7/16/2007

General Securities Representative Examination

Principal/Supervisory Exam

Series 24

Date: 6/18/2013

General Securities Principal 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

Lee P. Sanders

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Lee P Sanders's CRS (Customer Relationship Summary).

Certified licenses

Experience

CORNERSTONE REGISTERED INVESTMENT ADVISORS

PARK AVENUE SECURITIES LLC

PARK AVENUE SECURITIES LLC

MML INVESTORS SERVICES, LLC

MML INVESTORS SERVICES, LLC

SWBC INVESTMENT COMPANY

SWBC INVESTMENT SERVICES, LLC

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

Primary Firm SEC Registration

CORNERSTONE ADVISORS LLC

State Registrations and Notice Filings

Exams

Series 65

Date: 2/14/2014

Series 66

Date: 11/12/2007

SIE

Date: 10/1/2018

Series 7

Date: 7/16/2007

Series 24

Date: 6/18/2013

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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