Cornerstone Planning, LLC, d/b/a Cornerstone Wealth Planning is an Investment Adviser (“Adviser”) which offers investment advice, financial planning, and other financial services to clients. We are registered through and regulated by the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. We provide investment advice through Investment Adviser Representatives (“Advisor”) associated with us. These individuals are appropriately licensed, qualified, and authorized to provide advisory services on our behalf. In addition, all advisors are required to have a college degree, professional designation, or equivalent professional experience. Cornerstone Planning, LLC was founded in 2013 by Chris Knight who serves as a President and Chief Compliance Officer. We provide portfolio management services to individuals, high net worth individuals, and small businesses. We are committed to the precept that by placing the client’s interests first, we will add value to the asset management process and earn the client’s trust and respect. Our goal is to touch people's lives in a way that is meaningful to them. We are committed to maintaining the highest standards of integrity and professionalism in our relationship with you, our client. We endeavor to know and understand your financial situation and provide you with only the highest quality information, services, and products to help you reach your goals. We value our long-term relationships with our clients whom we regard as strategic partners in our business. Services We provide various asset management and financial planning services, with an emphasis on portfolio analysis, design and management. Our focus is on helping you develop and execute plans that are designed to build and preserve your wealth. As of December 31, 2022, we manage $225,798,168 on a discretionary basis, and $3,151,926 on a non-discretionary basis. We do not participate in any wrap fee programs. We can manage accounts on both a nondiscretionary and discretionary basis. If you select discretionary management, this means you have given us the authority to determine the following without your consent:
• Securities to be bought or sold for your account
• Amount of securities to be bought or sold for your account
• Broker-dealer to be used for a purchase or sale of securities for your account
• Commission rates to be paid to a broker or dealer for your securities transaction Should your accounts be managed by us on a non-discretionary basis, we will not have any authority to determine the above without your express consent. Trading may be required to meet initial allocation targets, after substantial cash deposits that require investment allocation, and/or after a request for a withdrawal that requires liquidation of a position. Additionally, your account may be rebalanced or reallocated periodically in order to reestablish the targeted percentages of your initial asset allocation. This rebalancing or reallocation will occur on the schedule we have determined together. You will be Cornerstone Planning LLC ADV Part 2A July 27, 2023 Page 4 of 24 responsible for any and all tax consequences resulting from any rebalancing or reallocation of the account. You will have the opportunity to meet with us periodically to review the assets in your account. 1. Financial Planning We provide services such as comprehensive financial planning, hourly financial planning, consultations, ongoing financial planning retainer services, and modular financial planning. Fee based financial planning is a comprehensive relationship which incorporates many different aspects of your financial status into an overall plan that meets your goals and objectives. The financial planning relationship may consist of face-to-face meetings and ad hoc meetings with your other advisors (attorneys, accountants, etc.). In performing financial planning services, we typically examine and analyze your overall financial situation, which may include such issues as taxes, insurance needs, overall debt, credit, business planning, retirement savings and reviewing your current investment program. Our services may focus on all or only one of these areas depending upon the scope of our engagement with you. It is essential that you provide the information and documentation we request regarding your income, investments, taxes, insurance, estate plan, etc. We will discuss your investment objectives, needs and goals, but you are obligated to inform us of any changes. We do not verify any information obtained from you, your attorney, accountant or other professionals. If you engage us to perform these services, you will receive a written agreement detailing the services, fees, terms and conditions of the relationship. You will also receive this Brochure. You are under no obligation to implement recommendations through us. You may implement your financial plan through any financial organization of your choice. We obtain information from a wide variety of publicly available sources. We do not have any inside private information about any investments that are recommended. All recommendations developed by us are based upon our professional judgment. We cannot guarantee the results of any of our recommendations. 2. Asset Management Asset management is the professional management of securities (stocks, bonds and other securities) and assets (e.g., real estate) in order to meet your specified investment goals. With an Asset Management Account, you engage us to assist you in developing a personalized asset allocation program and custom-tailored portfolio designed to meet your unique investment objectives. The investments in the portfolio account may include mutual funds, stocks, bonds, equity options, futures, etc. We do not impose a minimum dollar value on the size of account we will

accept. We will meet with you to discuss your financial circumstances, investment goals and objectives, and to determine your risk tolerance. We will ask you to provide statements summarizing current investments, income and other earnings, recent tax returns, retirement plan information, other assets and liabilities, wills and trusts, insurance policies, and other pertinent information. Based on the information you share with us, we will analyze your situation and recommend an appropriate asset allocation or investment strategy. You will be provided with a targeted strategic allocation of assets by class, as well as our investment advice. Our recommendations and ongoing management are based upon your investment goals and objectives, risk tolerance, and discussions with you. We will monitor the account, trade as necessary, and communicate regularly with you. Your circumstances shall be monitored in at least annual account reviews. These reviews will be conducted in person, by telephone conference, and/or via a written Cornerstone Planning LLC ADV Part 2A July 27, 2023 Page 5 of 24 inquiry/questionnaire. We will work with you on an ongoing basis to evaluate your asset allocation as well as rebalance your portfolio to keep it in line with your goals as necessary. We will:
• Review your present financial situation
• Monitor and track assets under management
• Provide portfolio statements, periodic rate of return reports, asset allocation statement, rebalanced statements as needed
• Advise on asset selection
• Determine market divisions through asset allocation models
• Provide research and information on performance and fund management changes
• Build a risk management profile for you
• Assist you in setting and monitoring goals and objectives
• Provide personal consultations as necessary upon your request or as needed You need to notify us promptly when your financial situation, goals, objectives, or needs change. You shall have the ability to impose reasonable restrictions on the management of your account, including the ability to instruct us not to purchase certain mutual funds, stocks or other securities. These restrictions may be a specific company security, industry sector, asset class, or any other restriction you request. Under certain conditions, securities from outside accounts may be transferred into your advisory account; however, we may recommend that you sell any security if we believe that it is not suitable for the current recommended investment strategy. You are responsible for any taxable events in these instances. Certain assumptions may be made with respect to interest and inflation rates and the use of past trends and performance of the market and economy. Past performance is not indicative of future results. If you decide to implement our recommendations, we will help you open a custodial account(s). The funds in your account will generally be held in a separate account, in your name, at an independent custodian, not with us. We recommend using Fidelity Brokerage Services LLC (“Fidelity”) or Charles Schwab & Co., Inc. (“Schwab”); however, you may use any custodian you wish. You will enter into a separate custodial agreement with the custodian. This agreement, among other things, authorizes the custodian to take instructions from us regarding all investment decisions for your account. We will select the securities bought and sold and the amount to be bought and sold, within the parameters of the objectives and risk tolerance of your account. The custodian will affect transactions, deliver securities, make payments and do what we instruct. You are notified of any purchases or sales through trade confirmations and quarterly statements that are provided by the Custodian. These statements list the total value at the start of the quarter, itemize all transaction activity during the quarter, and list the types, amounts, and total value of securities held as of the end of the quarter. You will at all times maintain full and complete ownership rights to all assets held in your account, including the right to withdraw securities or cash, proxy voting and receiving transaction confirmations. We may employ a sub-adviser in managing your investment account(s). We primarily use Asset Dedication, LLC (“Asset Dedication”) and AE Wealth Management, LLC (“AEWM”), collectively referred to as “Sub-Advisers. These Sub- Cornerstone Planning LLC ADV Part 2A July 27, 2023 Page 6 of 24 Advisers are independent advisers not affiliated with Cornerstone, and provide investment strategies and services to our clients, when appropriate, based on each client’s individual needs. We are available during normal business hours either by telephone, fax, email, or in person by appointment to answer your questions. 3. Tax Preparation Services We also provide tax preparation services. Tax services are typically offered to advisory clients for an additional fee separate from advisory fees. This situation creates a conflict of interest because it gives an incentive to recommend services based on the fees received. This conflict is mitigated by the fact that we have a fiduciary obligation to place the best interest of the client first and the clients are not required to utilize our tax services. Clients have the option to purchase these services through other tax professionals of their choosing. 4. Retirement Planning Course We may provide educational seminars for groups seeking general advice on retirement planning. The content of these seminars will vary depending upon the needs of the attendees. These seminars are purely educational in nature and do not involve the sale of any investment products. Information presented will not be based on any one individual person’s needs, nor do we provide individualized investment advice to attendees during these seminars.