Commonwealth Credit Advisors, LLC
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Learn more about Commonwealth Credit Advisors, LLC
Overview
Commonwealth Credit Advisors, LLC is an advisory firm located in West Palm Beach, Florida. Commonwealth Credit Advisors, LLC handles $1.2 billion in total assets throughout two accounts, making it one of the bigger firms in the United States by assets under management (AUM). The firm has an average-sized group, including 70 financial advisors. Commonwealth Credit Advisors, LLC is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer company to do so. Securities are defined as exchangable financial investments such as bonds, stocks and options.
Commonwealth Credit Advisors, LLC manages all of the company's accounts on a discretionary basis. Discretionary management signifies that buy and sell judgments for the client's account are made by a portfolio manager without needing the client's approval. The advisory firm manages roughly $580.6 million in assets for each customer account. An average advisor at Commonwealth Credit Advisors, LLC oversees fewer than one client account, making it one of the most personalized firms in the country.
Commonwealth Credit Advisors, LLC's central office is at 360 S. Rosemary, West Palm Beach, Florida 33401-6351. The company is legally registered to provide services to investors across a number of states, including Florida, Illinois and New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Commonwealth Credit Advisors, LLC by the Numbers
$1.2 billion
95
2
$580.6 million
Fee Structure
Fees for financial management are based on the type of services provided. However, fee types billed by Commonwealth Credit Advisors, LLC may include the following fee structures: asset-based or performance-based. The company does not participate in a wrap fee program, in which the company offers a service bundle for a comprehensive 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 firm provides services to business development companies and pooled investment vehicles. Out of its two accounts, Commonwealth Credit Advisors, LLC's biggest client group is pooled investment vehicles. None of the company's clients are non-U.S. persons.
- 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 Credit Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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