AdvisorCensus / Financial advisors / California / Los Angeles / Commonwealth Asset Management LP
Commonwealth Asset Management LP is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 29, 2026.
Quick answers
From the filingHow is Commonwealth Asset Management LP compensated?
On its Form ADV (Item 5.E, October 2026), Commonwealth Asset Management LP reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.
Where is Commonwealth Asset Management LP located?
Commonwealth Asset Management LP's principal office is in Los Angeles, CA, according to its Form ADV.
Is Commonwealth Asset Management LP registered with the SEC or a state?
Commonwealth Asset Management LP is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 306098.
How much does Commonwealth Asset Management LP manage?
Commonwealth Asset Management LP reports $295,683,751 in regulatory assets under management in its Form ADV filing dated June 29, 2026 (0% discretionary).
How have Commonwealth Asset Management LP's assets and staff changed since 2021?
In the Form ADV data for Commonwealth Asset Management LP: Regulatory assets under management: $317,611,291 in the October 2021 data and $295,683,751 in the October 2026 data, down 7%. Total employees: 15 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Commonwealth Asset Management LP serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).
Does Commonwealth Asset Management LP report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/306098
What changed in Commonwealth Asset Management LP's recent Form ADV filings?
In the April 2026 filing data: Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Regulatory assets under management
Item 5.F$295,683,751 as of October 2026, filing dated June 29, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2026 (0 years)
- Employees
- Total: 4. Performing investment advisory functions: 3.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $295,683,751 | 4 | June 29, 2026 |
| October 2025 | Not reported | Not reported | February 27, 2025 |
| October 2024 | Not reported | Not reported | August 7, 2024 |
| October 2023 | $1,506,977,395 | 27 | August 25, 2023 |
| October 2022 | $387,237,454 | 17 | July 6, 2022 |
| October 2021 | $317,611,291 | 15 | September 7, 2021 |
Regulatory assets under management: $317,611,291 in the October 2021 data and $295,683,751 in the October 2026 data, down 7%.
Total employees: 15 in October 2021 and 4 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Commonwealth Asset Management LP (CRD 306098): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/commonwealth-asset-management-lp-los-angeles-ca-306098