# Commonwealth Investment Management

> Commonwealth Investment Management is an SEC-registered investment advisory firm in Pittsburgh, PA, registered since 1994, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 106292
- Filed as: COMMONWEALTH INVESTMENT MANAGEMENT
- Legal name: CIM Investment Management Inc
- Also doing business as: COMMONWEALTH INVESTMENT MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Pittsburgh, PA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106292
- AdvisorCensus page: https://advisorcensus.com/firm/commonwealth-investment-management-pittsburgh-pa-106292

## Quick answers

**How is Commonwealth Investment Management compensated?**
On its Form ADV (Item 5.E, October 2026), Commonwealth Investment Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Commonwealth Investment Management located?**
Commonwealth Investment Management's principal office is in Pittsburgh, PA, according to its Form ADV.

**Is Commonwealth Investment Management registered with the SEC or a state?**
Commonwealth Investment Management is an SEC-registered investment advisory firm, registered since 1994. Status as filed: Approved. CRD 106292.

**How much does Commonwealth Investment Management manage?**
Commonwealth Investment Management reports $1,275,342,290 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (97% discretionary).

**How have Commonwealth Investment Management's assets and staff changed since 2021?**
In the Form ADV data for Commonwealth Investment Management: Regulatory assets under management: $761,078,318 in the October 2021 data and $1,275,342,290 in the October 2026 data, up 68%. Total employees: 9 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Commonwealth Investment Management serve?**
By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (37); pension and profit sharing plans (but not the plan participants or government pension plans) (21); insurance companies (4).

**Which custodians does Commonwealth Investment Management use?**
Commonwealth Investment Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists PNC Bank and The Bank of New York Mellon as custodians holding 10% or more of its separately managed account assets.

**Does Commonwealth Investment Management 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/106292

**Does Commonwealth Investment Management state an account minimum?**
Its Form ADV Part 2A brochure dated March 30, 2026 says: "Our minimum account size is $1.0 Million, but in our sole discretion we may accept lesser account sizes."

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> Our minimum account size is $1.0 Million, but in our sole discretion we may accept lesser account sizes.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- PNC Bank
- The Bank of New York Mellon

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.

### Regulatory assets under management (Item 5.F)
- Total: $1,275,342,290
- Discretionary: $1,243,363,862
- Non-discretionary: $31,978,428

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 21 | $359,069,427 |
| State or municipal government entities (including government pension plans) | 37 | $770,625,229 |
| Other investment advisers | 1 | $31,978,428 |
| Insurance companies | 4 | $113,669,206 |

### Advisory services (Item 5.G)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Publication of periodicals or newsletters
- Other

### Firm details
- Registered since: 1994 (32 years)
- Employees: 7 total, 7 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: PA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- ciminvests.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $761,078,318 | 9 | March 31, 2021 |
| October 2022 | $917,897,725 | 9 | March 30, 2022 |
| October 2023 | $1,035,542,875 | 7 | March 29, 2023 |
| October 2024 | $1,117,447,925 | 7 | March 27, 2024 |
| October 2025 | $1,164,721,376 | 7 | March 25, 2025 |
| October 2026 | $1,275,342,290 | 7 | March 30, 2026 |

Regulatory assets under management: $761,078,318 in the October 2021 data and $1,275,342,290 in the October 2026 data, up 68%.
Total employees: 9 in October 2021 and 7 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Commonwealth Investment Management (CRD 106292): Form ADV filing data as of October 2026.