Commonwealth Financial Services

RIASEC RegisteredEst. 2023

Total AUM

$995M

Discretionary

$977M

98% of AUM

Avg account

$199K

Accounts

5,003

Employees

Advisory reps

Firm details

Headquarters: Parkersburg, West Virginia
CRD number: 324930
Registered since: March 22, 2023
Website: cfswv.com
Custodians: CHARLES SCHWAB & CO., INC., FIDELITY DISTRIBUTORS COMPANY LLC
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees
Client types: Individuals50.12%
HNWI47.44%
Corporations / Businesses1.2%
Other0.66%
Pension & Profit Sharing Plans0.45%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other AdvisersEducational Seminars / Workshops

Firm profile

FINTRX

Overview

Commonwealth Financial Services is an independent registered investment adviser operating as a limited liability company and registered with the SEC in 2023. The firm serves both individual/family and institutional clients and bills using a mix of percentage-of-AUM, hourly, and fixed-fee arrangements. Its advisory menu includes financial planning, portfolio management for individuals, small businesses and institutions, pension consulting, manager selection, and educational workshops. Commonwealth also functions as an insurance broker, which aligns with its use of annuity products. The firm describes itself as a capital allocator and sources third-party managers for non-traditional strategies. Citywire included the firm in its "50 Growers Across America" list in 2024. Commonwealth does not identify as an active ESG investor.