# Commonwealth Credit Advisors, LLC

> Commonwealth Credit Advisors, LLC is an SEC-registered investment advisory firm in West Palm Beach, FL, registered since 2021, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 312541
- Filed as: COMMONWEALTH CREDIT ADVISORS, LLC
- Also doing business as: COMVEST CAPITAL, COMVEST CREDIT OPPORTUNITIES, COMVEST CREDIT PARTNERS, COMVEST GROUP, COMVEST PARTNERS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: West Palm Beach, FL
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/312541
- AdvisorCensus page: https://advisorcensus.com/firm/commonwealth-credit-advisors-llc-west-palm-beach-fl-312541

## Quick answers

**How is Commonwealth Credit Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Commonwealth Credit Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Commonwealth Credit Advisors, LLC located?**
Commonwealth Credit Advisors, LLC's principal office is in West Palm Beach, FL, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Commonwealth Credit Advisors, LLC registered with the SEC or a state?**
Commonwealth Credit Advisors, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 312541.

**How much does Commonwealth Credit Advisors, LLC manage?**
Commonwealth Credit Advisors, LLC reports $1,730,569,835 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Commonwealth Credit Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Commonwealth Credit Advisors, LLC: Regulatory assets under management: $754,518,019 in the October 2022 data and $1,730,569,835 in the October 2026 data, up 129%. Total employees: 83 in October 2021 and 150 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Commonwealth Credit Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: business development companies (1); pooled investment vehicles (other than investment companies and business development companies) (1).

**Does Commonwealth Credit Advisors, LLC report any disciplinary disclosures?**
Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct), 11.D(2) (another regulator's finding of a violation), 11.D(4) (another regulator's order in the past ten years), and 11.H(2) (pending civil proceeding). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/312541

**What changed in Commonwealth Credit Advisors, LLC's recent Form ADV filings?**
In the April 2026 filing data: Item 11 disclosure answers changed: 4 yes answers, previously 0 (now yes: 11.D(1), 11.D(2), 11.D(4), 11.H(2)). Employees performing advisory functions went from 100 to 128. Added an office in Chicago, IL.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $1,730,569,835
- Discretionary: $1,730,569,835
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Business development companies | 1 | $819,260,707 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $911,309,128 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2021 (5 years)
- Employees: 150 total, 128 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, IL, NY
- Disclosures (Item 11): Reports 4 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.H(2): Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/312541

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Chicago, IL
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- comvest.com
- LinkedIn @comvest-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | 83 | February 8, 2021 |
| October 2022 | $754,518,019 | 78 | March 31, 2022 |
| October 2023 | $1,161,222,065 | 95 | March 31, 2023 |
| October 2024 | $1,268,719,665 | 111 | March 29, 2024 |
| October 2025 | $1,863,973,150 | 136 | March 28, 2025 |
| October 2026 | $1,730,569,835 | 150 | March 31, 2026 |

Regulatory assets under management: $754,518,019 in the October 2022 data and $1,730,569,835 in the October 2026 data, up 129%.
Total employees: 83 in October 2021 and 150 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Item 11 disclosure answers changed: 4 yes answers, previously 0 (now yes: 11.D(1), 11.D(2), 11.D(4), 11.H(2)).
- Employees performing advisory functions went from 100 to 128.
- Added an office in Chicago, IL.

### January 2026
- Employees performing advisory functions went from 101 to 100.
- No longer lists the business name Comvest Investment Partners.
- No longer lists the business name Comvest Private Equity.
- Changed its office addresses in Chicago, IL.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Commonwealth Credit Advisors, LLC (CRD 312541): Form ADV filing data as of October 2026.