{
  "crd_number": 324930,
  "slug": "commonwealth-financial-services-vienna-wv-324930",
  "primary_business_name": "COMMONWEALTH FINANCIAL SERVICES",
  "legal_name": "COMMONWEALTH FINANCIAL SERVICES, LLC.",
  "dbas": [],
  "city": "Vienna",
  "state": "WV",
  "country": "United States",
  "cbsa_code": "37620",
  "metro": {
    "cbsa_code": "37620",
    "common_name": "Parkersburg",
    "msa_name": "Parkersburg-Vienna, WV",
    "path": "/advisors/wv/parkersburg"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2023-03-22",
  "years_registered": 3,
  "period": "2026-10-01",
  "filing_date": "2026-08-24",
  "carried_forward": false,
  "raum_total": 994745926.0,
  "raum_discretionary": 977187375.0,
  "raum_non_discretionary": 17558551.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 26,
  "advisory_employees": 13,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 6594002.0,
      "count": 9,
      "description": "TRUSTS THAT ARE NOT REV LIV TRS"
    },
    "charitable": {
      "raum": 1290869.0,
      "count": 9
    },
    "individuals": {
      "raum": 498546726.0,
      "count": 1990
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 4445135.0,
      "count": 13
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 471902982.0,
      "count": 226
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 11966212.0,
      "count": 24
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO",
    "FL",
    "GA",
    "IN",
    "KY",
    "LA",
    "MD",
    "MI",
    "NC",
    "ND",
    "NE",
    "NY",
    "OH",
    "PA",
    "SC",
    "TN",
    "TX",
    "VA",
    "WV"
  ],
  "websites": [
    "https://cfswv.com",
    "https://facebook.com/cfswv",
    "https://instagram.com/commonwealth_financial",
    "https://linkedin.com/company/commonwealth-financial-services-llc",
    "https://youtube.com/channel/UCUpvIW5chYk7fGlwj86-hgQ"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/324930",
  "city_as_filed": "VIENNA",
  "url": "https://advisorcensus.com/firm/commonwealth-financial-services-vienna-wv-324930",
  "display_name": "Commonwealth Financial Services",
  "summary": "Commonwealth Financial Services is an SEC-registered investment advisory firm in Vienna, WV, registered since 2023, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 24, 2026.",
  "citation": "AdvisorCensus. Commonwealth Financial Services (CRD 324930): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Educational seminars/workshops",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Commonwealth Financial Services compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Commonwealth Financial Services reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Commonwealth Financial Services located?",
      "a": "Commonwealth Financial Services' principal office is in Vienna, WV, according to its Form ADV; the September 2026 filing also lists 4 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Commonwealth Financial Services registered with the SEC or a state?",
      "a": "Commonwealth Financial Services is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 324930."
    },
    {
      "q": "How much does Commonwealth Financial Services manage?",
      "a": "Commonwealth Financial Services reports $994,745,926 in regulatory assets under management in its Form ADV filing dated August 24, 2026 (98% discretionary)."
    },
    {
      "q": "How have Commonwealth Financial Services' assets and staff changed since 2023?",
      "a": "In the Form ADV data for Commonwealth Financial Services: Regulatory assets under management: $533,201,538 in the October 2023 data and $994,745,926 in the October 2026 data, up 87%. Total employees: 24 in October 2023 and 26 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Commonwealth Financial Services serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,990); high net worth individuals (226); corporations or other businesses not listed above (24)."
    },
    {
      "q": "Which custodians does Commonwealth Financial Services use?",
      "a": "Commonwealth Financial Services' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Commonwealth Financial Services report any disciplinary disclosures?",
      "a": "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/324930"
    },
    {
      "q": "What changed in Commonwealth Financial Services' recent Form ADV filings?",
      "a": "In the February 2026 filing data: Employees performing advisory functions went from 11 to 13. Regulatory assets under management went from $774,786,979 to $994,745,926 (+28%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 533201538.0,
      "total_employees": 24,
      "filing_date": "2023-06-26"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 649546505.0,
      "total_employees": 25,
      "filing_date": "2024-09-03"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 774786979.0,
      "total_employees": 26,
      "filing_date": "2025-06-20"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 994745926.0,
      "total_employees": 26,
      "filing_date": "2026-08-24"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Employees performing advisory functions went from 11 to 13.",
        "Regulatory assets under management went from $774,786,979 to $994,745,926 (+28%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/commonwealth-financial-services-vienna-wv-324930.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 1990,
      "fewer_than_5": false,
      "raum": 498546726.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 226,
      "fewer_than_5": false,
      "raum": 471902982.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 13,
      "fewer_than_5": false,
      "raum": 4445135.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 9,
      "fewer_than_5": false,
      "raum": 1290869.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 24,
      "fewer_than_5": false,
      "raum": 11966212.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 9,
      "fewer_than_5": false,
      "raum": 6594002.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/324930",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}