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, SEC-registered RIA operating as a limited liability company and owned by an individual principal. The firm positions itself as a multi-client wealth manager and capital allocator for both individual/family and institutional clients. Its advisory offering spans financial planning, discretionary portfolio management for individuals, small businesses and institutions, pension consulting, manager selection, and educational seminars. The firm also acts as an insurance broker and charges fees by percentage of AUM, hourly rates, and fixed fees. Commonwealth was registered with the SEC in 2023 and does not present itself as an active ESG investor. Commonwealth has received at least one industry mention: it appeared in Citywire’s "50 Growers Across America" list in 2024. The firm reports that it uses third-party managers for alternative allocations and maintains services that include selection of other advisers, indicating a willingness to blend in-house advice with external managers where appropriate.