Commonwealth Asset Management Lp
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Overview
Commonwealth Asset Management Lp operates as a financial advisor company that has its headquarters in Los Angeles, California. Commonwealth Asset Management Lp has $1.5 billion in total assets across 14 accounts, placing it among the largest firms in the nation by assets under management (AUM). The firm has a small team, including 9 financial advisors. Commonwealth Asset Management Lp does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial assets like bonds, equities and options.
Commonwealth Asset Management Lp administers 12 of the firm's client assets in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make buy and sell decisions without requiring the customer's permission. It also has two non-discretionary accounts totaling $1.2 billion in assets under management. The company administers an average of $107.6 million for each account. An average financial advisor at Commonwealth Asset Management Lp oversees about two client accounts, making it one of the most individualized advisor firms in the country.
The company's main office is located at 11755 Wilshire Blvd., Los Angeles, California 90025. Commonwealth Asset Management Lp is legally allowed to serve customers in the state of California.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Commonwealth Asset Management Lp by the Numbers
$1.5 billion
27
14
$107.6 million
Fee Structure
Financial management fees are based on which services the firm provides the client. However, fee types billed by Commonwealth Asset Management Lp may include the following fee structures: asset-based or performance-based. The firm does not provide a wrap fee program, in which the company offers a service bundle for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company caters to pooled investment vehicles and insurance companies. Out of its 14 customers, Commonwealth Asset Management Lp's biggest client is pooled investment vehicles. About 53% of its customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Commonwealth Asset Management Lp does not have any disclosures.
Please visit its Form ADV for more details.
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