Commonwealth Financial Services

RIASEC Registered

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 RIA organized as an LLC that positions itself as a multi-service wealth manager and capital allocator for both high-net-worth individuals/families and institutional clients. The firm is SEC-registered (registration year 2023) and combines portfolio management with financial planning, selection of outside advisers, pension consulting support, and educational workshops. It also operates as an insurance broker, which aligns with its use of annuities and insurance-linked planning in client solutions. Fee arrangements include asset-based fees alongside hourly and fixed-fee engagements. The firm markets a mix of discretionary portfolio management and advisory services for businesses, small enterprises, and private clients. Commonwealth does not present itself as an active ESG investor. Citywire named the firm to its “50 Growers Across America” list in 2024.