COMMONWEALTH FINANCIAL SERVICES
COMMONWEALTH FINANCIAL SERVICES, LLC. Legal Name
Adviser information for COMMONWEALTH FINANCIAL SERVICES last updated from Form ADV on March 29th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | West Virginia, United States |
Employees
| Total Number of Employees | 25 |
|---|---|
| Investment Advisory/Research | 11 |
| Registered Broker-Dealer Representatives | 0 |
| Registered State Investment Advisers | 16 |
| Licensed Agents of an Insurance Company | 9 |
| No. of Firms/People that Solicit Clients | 6 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 2,148 | $649.5M |
| Non-Discretionary | 0 | $0 |
| Total | 2,148 | $649.5M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 2,207 | $573.0M |
| HNW Individuals | <5 | $29.9M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 56 | $35.4M |
| Charitable organizations | 15 | $4.1M |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 25 | $7.1M |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 4 |
| No. of Non-U.S. Clients | 1 |
| No. of Financial Planning Clients | 500 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)LENDING SERVICES AND FINANCIAL INSTITUTION CONSULTING SERVICES |
|---|---|
| Compensation | % of AUMHourly charges |
| Other Business Activities | Insurance broker or agent |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 0 |
| Portfolio Manager | 0 |
| Both for Same | 645.5M |
| Portfolio Manager to Program | Sponsor |
|---|---|
| ASSET MANAGEMENT SERVICES PROGRAM | COMMONWEALTH FINANCIAL SERVICES |
Principal Office
585 COLLEGE PARKWAYPARKERSBURG
WV
United States
Monday - Friday, 8:30AM - 5:00PM
Tel: 304-422-3531, Fax: 304-428-6222
Chief Compliance Officer
MICHAEL SEESE
CO-FOUNDER / OWNER & FINANCIAL ADVISOR
585 COLLEGE PARKWAY
PARKERSBURG
WV
United States
Tel:
304-422-3531
Fax:
304-428-6222
M************@********M
(Full email address available in API data)
Regulatory Contact
SHANELL JEFFREY
CHIEF OPERATIONS OFFICER
585 COLLEGE PARKWAY
PARKERSBURG
WV
United States
Tel:
304-422-3531
Fax:
304-428-6222
S**************@********M
(Full email address available in API data)
Industry Affiliates
| None |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| KIMPEL, TODD, EDWARD | Individual | – | CO-FOUNDER / OWNER & FINANCIAL ADVISOR | 04/2023 | 25-50% |
| SPURGEON, DANIEL, LEE | Individual | – | OWNER & FINANCIAL ADVISOR | 04/2023 | 25-50% |
| SEESE, MICHAEL, CHARLES | Individual | – | CO-FOUNDER / OWNER & FINANCIAL ADVISOR / CCO | 04/2023 | 25-50% |
No. Employees, Historic
RAUM, Historic
No. Clients, Historic
Holdings
From latest 13F, filed August 13th, 2024 for period ending June 30th, 2024
| Name | Class | Value $USD | # Shares | Private Fund |
|---|---|---|---|---|
| SPDR S&P 500 ETF TR | TR UNIT | 35M | 63K | – |
| FIRST TR EXCHNG TRADED FD VI | TCW OPPORTUNIS | 30M | 702K | – |
| ISHARES TR | CORE S&P500 ETF | 29M | 53K | – |
| INVESCO QQQ TR | UNIT SER 1 | 27M | 54K | – |
| ISHARES TR | U.S. TECH ETF | 17M | 110K | – |
| FIRST TR EXCHNG TRADED FD VI | TCW UNCONSTRAI | 17M | 698K | – |
| EA SERIES TRUST | US QUAN MOMENTUM | 15M | 256K | – |
| ISHARES TR | S&P 500 GRWT ETF | 14M | 142K | – |
| ISHARES TR | 20 YR TR BD ETF | 13M | 145K | – |
| ISHARES TR | IBONDS 25 TRM HG | 12M | 522K | – |
| FIDELITY COMWLTH TR | NASDAQ COMPSIT | 11M | 154K | – |
| ISHARES TR | RUSSELL 2000 ETF | 11M | 54K | – |
| ISHARES TR | IBONDS 2026 TERM | 9M | 412K | – |
| MICROSOFT CORP | COM | 9M | 20K | – |
| EA SERIES TRUST | FREEDOM 100 EM | 9M | 244K | – |
| ISHARES TR | IBONDS DEC2026 | 9M | 362K | – |
| ISHARES TR | IBONDS 27 ETF | 9M | 361K | – |
| ISHARES TR | IBDS DEC28 ETF | 9M | 345K | – |
| ISHARES TR | IBONDS DEC 29 | 9M | 374K | – |
| NVIDIA CORPORATION | COM | 8M | 63K | – |
| ISHARES TR | IBONDS DEC 2030 | 8M | 376K | – |
| JANUS DETROIT STR TR | HENDRSN SHRT ETF | 7M | 150K | – |
| ISHARES TR | IBONDS 2027 TERM | 7M | 324K | – |
| ISHARES TR | 10-20 YR TRS ETF | 7M | 65K | – |
| PACER FDS TR | US CASH COWS 100 | 7M | 123K | – |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 6M | 158K | – |
| J P MORGAN EXCHANGE TRADED F | ACTIVE VALUE ETF | 5M | 92K | – |
| EA SERIES TRUST | ALPHA ARCH 1-3 | 5M | 47K | – |
| ISHARES TR | EAFE GRWTH ETF | 5M | 49K | – |
| PACER FDS TR | PACER US SMALL | 5M | 116K | – |
| INVESCO EXCHANGE TRADED FD T | S&P500 PUR GWT | 5M | 129K | – |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 5M | 131K | – |
| PACER FDS TR | DEVELOPED MRKT | 5M | 154K | – |
| ISHARES TR | MSCI EAFE ETF | 4M | 51K | – |
| APPLE INC | COM | 3M | 15K | – |
| JPMORGAN CHASE & CO. | COM | 3M | 13K | – |
| SPDR SER TR | PORTFOLIO S&P500 | 3M | 42K | – |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 3M | 13K | – |
| COSTCO WHSL CORP NEW | COM | 3M | 3K | – |
| PROCTER AND GAMBLE CO | COM | 2M | 14K | – |
| PPG INDS INC | COM | 2M | 17K | – |
| ISHARES TR | 0-3 MNTH TREASRY | 2M | 21K | – |
| AMAZON COM INC | COM | 2M | 10K | – |
| EXXON MOBIL CORP | COM | 2M | 17K | – |
| LOCKHEED MARTIN CORP | COM | 2M | 4K | – |
| AMERICAN ELEC PWR CO INC | COM | 2M | 20K | – |
| WALMART INC | COM | 2M | 25K | – |
| ISHARES TR | IBONDS 24 TRM HG | 2M | 67K | – |
| SPDR SER TR | S&P REGL BKG | 1M | 30K | – |
| SPDR SER TR | PRTFLO S&P500 VL | 1M | 28K | – |
| PEOPLES BANCORP INC | COM | 1M | 42K | – |
| ISHARES TR | IBONDS DEC25 ETF | 1M | 49K | – |
| ISHARES TR | S&P 500 VAL ETF | 1M | 7K | – |
| FIRST TR EXCHNG TRADED FD VI | FT VEST U.S. | 1M | 33K | – |
| GOLDMAN SACHS ETF TR | ACTIVEBETA US LG | 1M | 11K | – |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US | 1M | 31K | – |
| FIRST TR EXCHNG TRADED FD VI | FT VEST UQ EQT | 1M | 30K | – |
| BROADCOM INC | COM | 1M | 642 | – |
| INVESCO EXCHANGE TRADED FD T | S&P MDCP400 PR | 1M | 23K | – |
| INVESCO EXCHANGE TRADED FD T | S&P MDCP MOMNTUM | 1M | 10K | – |
| JOHNSON & JOHNSON | COM | 1M | 8K | – |
| UNITED BANCORP INC OHIO | COM | 1M | 89K | – |
| PROSHARES TR | SHRT RUSSELL2000 | 1M | 50K | – |
| ISHARES TR | IBONDS DEC24 ETF | 1M | 41K | – |
| META PLATFORMS INC | CL A | 1M | 2K | – |
| ISHARES TR | CORE DIV GRWTH | 1M | 18K | – |
| FIRST TR MORNINGSTAR DIVID L | SHS | 1M | 27K | – |
| CISCO SYS INC | COM | 974K | 21K | – |
| SPDR SER TR | S&P 400 MDCP VAL | 897K | 12K | – |
| ABBVIE INC | COM | 869K | 5K | – |
| CSX CORP | COM | 863K | 26K | – |
| HOME DEPOT INC | COM | 849K | 2K | – |
| COCA COLA CO | COM | 809K | 13K | – |
| ISHARES TR | CORE 1 5 YR USD | 782K | 16K | – |
| MERCK & CO INC | COM | 775K | 6K | – |
| UNITED BANKSHARES INC WEST V | COM | 770K | 24K | – |
| SPDR GOLD TR | GOLD SHS | 766K | 4K | – |
| ELI LILLY & CO | COM | 755K | 822 | – |
| BUILDERS FIRSTSOURCE INC | COM | 744K | 6K | – |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHT MUNCPL | 728K | 14K | – |
| J P MORGAN EXCHANGE TRADED F | MUNICIPAL ETF | 721K | 14K | – |
| PFIZER INC | COM | 717K | 26K | – |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 686K | 3K | – |
| SPDR SER TR | S&P 600 SMCP VAL | 684K | 9K | – |
| INTEL CORP | COM | 680K | 20K | – |
| ISHARES TR | MORNINGSTR US EQ | 671K | 9K | – |
| ISHARES TR | CORE S&P SCP ETF | 665K | 6K | – |
| PEPSICO INC | COM | 644K | 4K | – |
| FRANKLIN TEMPLETON ETF TR | MUNICIPAL GRN BD | 639K | 27K | – |
| AT&T INC | COM | 627K | 33K | – |
| ISHARES TR | NATIONAL MUN ETF | 610K | 6K | – |
| ALPHABET INC | CAP STK CL A | 602K | 3K | – |
| VISA INC | COM CL A | 598K | 2K | – |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 594K | 17K | – |
| FIRST TR EXCHANGE-TRADED FD | SMID RISNG ETF | 583K | 18K | – |
| FIRST TR EXCHNG TRADED FD VI | FT VEST U.S. | 569K | 15K | – |
| SPDR SER TR | PRTFLO S&P500 GW | 558K | 7K | – |
| AMGEN INC | COM | 542K | 2K | – |
| CROWDSTRIKE HLDGS INC | CL A | 539K | 1K | – |
| ISHARES TR | IBONDS DEC | 539K | 21K | – |
| ALPHABET INC | CAP STK CL C | 528K | 3K | – |
| CHEVRON CORP NEW | COM | 518K | 3K | – |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 486K | 1K | – |
| MASTERCARD INCORPORATED | CL A | 477K | 1K | – |
| EASTGROUP PPTYS INC | COM | 468K | 3K | – |
| SPDR SER TR | S&P 600 SMCP GRW | 444K | 5K | – |
| LOWES COS INC | COM | 427K | 2K | – |
| ISHARES TR | U.S. FINLS ETF | 423K | 4K | – |
| ISHARES TR | 0-5YR HI YL CP | 405K | 10K | – |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 400K | 5K | – |
| MCDONALDS CORP | COM | 381K | 2K | – |
| INVESCO EXCH TRADED FD TR II | S&P MIDCP LOW | 374K | 7K | – |
| SPDR S&P MIDCAP 400 ETF TR | UTSER1 S&PDCRP | 373K | 703 | – |
| PROSHARES TR | LARGE CAP CRE | 367K | 6K | – |
| ISHARES BITCOIN TR | SHS | 367K | 11K | – |
| VALERO ENERGY CORP | COM | 359K | 2K | – |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 357K | 9K | – |
| ISHARES TR | IBONDS DEC 25 | 356K | 13K | – |
| UNITEDHEALTH GROUP INC | COM | 355K | 726 | – |
| ISHARES TR | IBONDS DEC 26 | 353K | 14K | – |
| ISHARES TR | ISHARES SEMICDTR | 352K | 1K | – |
| SPDR SER TR | SSGA US LRG ETF | 352K | 2K | – |
| ABBOTT LABS | COM | 341K | 3K | – |
| ISHARES TR | IBONDS 24 TRM TS | 333K | 14K | – |
| SMUCKER J M CO | COM NEW | 333K | 3K | – |
| CATERPILLAR INC | COM | 330K | 1K | – |
| VANGUARD WORLD FD | INF TECH ETF | 326K | 543 | – |
| EATON CORP PLC | SHS | 325K | 1K | – |
| QUEST DIAGNOSTICS INC | COM | 322K | 2K | – |
| INTERNATIONAL BUSINESS MACHS | COM | 320K | 2K | – |
| ROYAL CARIBBEAN GROUP | COM | 319K | 2K | – |
| DUKE ENERGY CORP NEW | COM NEW | 318K | 3K | – |
| ISHARES TR | SELECT DIVID ETF | 318K | 3K | – |
| FIRST TR EXCHANGE-TRADED FD | FST LOW OPPT EFT | 317K | 7K | – |
| FIRST TR EXCH TRADED FD III | PFD SECS INC ETF | 315K | 18K | – |
| ILLINOIS TOOL WKS INC | COM | 314K | 1K | – |
| WESBANCO INC | COM | 314K | 11K | – |
| BRISTOL-MYERS SQUIBB CO | COM | 309K | 8K | – |
| ADOBE INC | COM | 309K | 537 | – |
| INVESCO EXCHANGE TRADED FD T | S&P SML600 GWT | 307K | 6K | – |
| ISHARES TR | US INDUSTRIALS | 299K | 3K | – |
| FASTENAL CO | COM | 298K | 5K | – |
| ISHARES TR | MSCI USA QLT FCT | 296K | 2K | – |
| QUANTA SVCS INC | COM | 293K | 1K | – |
| ISHARES SILVER TR | ISHARES | 293K | 10K | – |
| VERIZON COMMUNICATIONS INC | COM | 288K | 7K | – |
| INTERCONTINENTAL EXCHANGE IN | COM | 286K | 2K | – |
| VANGUARD INDEX FDS | TOTAL STK MKT | 279K | 1K | – |
| PUBLIC STORAGE OPER CO | COM | 278K | 956 | – |
| GENERAL MLS INC | COM | 278K | 4K | – |
| ALPS ETF TR | SECTR DIV DOGS | 272K | 5K | – |
| STRATEGY SHS | NS 7HANDL IDX | 272K | 13K | – |
| FEDEX CORP | COM | 271K | 918 | – |
| PAYCHEX INC | COM | 267K | 2K | – |
| TARGET CORP | COM | 267K | 2K | – |
| AUTOMATIC DATA PROCESSING IN | COM | 266K | 1K | – |
| ISHARES TR | IBONDS DEC 27 | 264K | 11K | – |
| WASTE MGMT INC DEL | COM | 263K | 1K | – |
| UNION PAC CORP | COM | 262K | 1K | – |
| ISHARES TR | IBONDS DEC 28 | 262K | 10K | – |
| ISHARES TR | IBONDS 28 TR HI | 261K | 11K | – |
| CLOROX CO DEL | COM | 254K | 2K | – |
| 3M CO | COM | 253K | 3K | – |
| FIRST TR EXCHANGE-TRADED FD | WTR ETF | 249K | 3K | – |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 246K | 626 | – |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 241K | 1K | – |
| TESLA INC | COM | 239K | 945 | – |
| DOMINION ENERGY INC | COM | 237K | 5K | – |
| FIRST TR VALUE LINE DIVID IN | SHS | 235K | 6K | – |
| SELECT SECTOR SPDR TR | ENERGY | 231K | 3K | – |
| INTUITIVE SURGICAL INC | COM NEW | 228K | 514 | – |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 227K | 3K | – |
| FIRSTENERGY CORP | COM | 226K | 6K | – |
| COLGATE PALMOLIVE CO | COM | 226K | 2K | – |
| ISHARES TR | CORE S&P TTL STK | 225K | 2K | – |
| HERSHEY CO | COM | 224K | 1K | – |
| ASML HOLDING N V | N Y REGISTRY SHS | 222K | 206 | – |
| FIDELITY COVINGTON TRUST | MSCI HLTH CARE I | 222K | 3K | – |
| ARCHER DANIELS MIDLAND CO | COM | 221K | 3K | – |
| ISHARES TR | MSCI USA MIN VOL | 219K | 3K | – |
| TRACTOR SUPPLY CO | COM | 215K | 825 | – |
| ALLISON TRANSMISSION HLDGS I | COM | 210K | 3K | – |
| GE AEROSPACE | COM NEW | 209K | 1K | – |
| GENERAL MTRS CO | COM | 204K | 4K | – |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 203K | 5K | – |
| UNITED RENTALS INC | COM | 202K | 317 | – |
| PUTNAM PREMIER INCOME TR | SH BEN INT | 149K | 41K | – |
| NUVEEN MUNICIPAL CREDIT INC | COM SH BEN INT | 138K | 11K | – |
| MFS MULTIMARKET INCOME TR | SH BEN INT | 123K | 26K | – |
| MFS MUN INCOME TR | SH BEN INT | 53K | 10K | – |
| MFS INTER INCOME TR | SH BEN INT | 35K | 13K | – |