Lee Sanders

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CRD#: 5243694

Professional summary

Being a previously registered professional could mean that this person is no longer operating under the supervision of the SEC or FINRA.

That means that the Securities and Exchange Commission may not be able to oversee the services that this specific professional is providing.

Lee Sanders, who also goes by Lee P Sanders, Lee Parker Sanders, was a registered financial professional .

Lee is a previously registered financial professional and started their career in finance in 2007. Lee had worked at 7 firms and has passed the Series 65, Series 66, SIE, Series 7 and Series 24 exams.

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)

The CRS(Customer Relationship Summary) document is not provided.

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

Past

October 6, 2023 - July 29, 2026

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

May 8, 2019 - September 21, 2022

PARK AVENUE SECURITIES LLC

RIA

CRD#: 46173

CONWAY, AR

Past

May 6, 2019 - September 21, 2022

PARK AVENUE SECURITIES LLC

CRD#: 46173

CONWAY, AR

Past

May 1, 2014 - May 7, 2019

MML INVESTORS SERVICES, LLC

RIA

CRD#: 10409

LITTLE ROCK, AR

Past

August 10, 2010 - May 7, 2019

MML INVESTORS SERVICES, LLC

CRD#: 10409

LITTLE ROCK, AR

Past

August 27, 2009 - December 4, 2009

SWBC INVESTMENT COMPANY

RIA

CRD#: 140994

SAN ANTONIO, TX

Past

August 27, 2009 - December 4, 2009

SWBC INVESTMENT SERVICES, LLC

CRD#: 133715

SAN ANTONIO, TX

Past

November 26, 2007 - April 27, 2009

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

RIA

CRD#: 7691

LITTLE ROCK, AR

Past

July 17, 2007 - April 27, 2009

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

CRD#: 7691

LITTLE ROCK, AR

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.

Visual representation of state registrations

This advisor is not registered in any state.

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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Advisor Monitoring

Firm Stability Insights

Lee Sanders

Professional summary

Aliases

Other business activities

Blog Corner

CRS (Client 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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