DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Commonwealth Financial Services
Legal name Commonwealth Financial Services, LLC.
Latest filing Aug 24, 2026
First filing on the tape Feb 17, 2023 · 18 filings
SEC status approved since Mar 22, 2023
RAUM
$995M
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
98%
$970M individuals and HNW
Advisors
17
registered through the firm on IAPD
RAUM per advisor
$58.5M
derived; firm RAUM over IAPD count
Employees
26
13 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$995M as of Aug 24, 2026
Mar 29, 2024$650M then
HNW client RAUM$472M as of Aug 24, 2026
Mar 29, 2024$29.9M then
State-registered IARs (5.B.3)15 as of Aug 24, 2026
Mar 29, 202416 then
Employees (5.A)26 as of Aug 24, 2026
Mar 29, 202425 then
Private funds: no history
RAUM +28% over the last fiscal yearIARs 17 to 15
Practice profile
derived from the filing of Aug 24, 2026; every figure names its basis
Archetypes, each a printed rule
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $58.5MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 130derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.1MderivedHNW RAUM over HNW clients
- Average account
- $198,830derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 98%derivedof RAUM
- Institutional
- 0.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.5derivedItem 5.A over advisors
- Advisors per office
- 3.4derived5 offices incl. principal (1.F.5)
- RAUM growth, one year
- +28%derivedbetween the last two annual amendments
- Advisor growth, one year
- -12%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +6.3%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminars, otherreportedItem 5.G
- Wrap fee program
- $832MreportedItem 5.I
- Custody
- $291M, 1,317 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is an insurance broker or agent (6.A.6)
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$499M50%
- High-net-worth individuals$472M48%
- Corporations and businesses$12.0M1.2%
- Pension and profit-sharing plans$4.4M0.4%
- Charitable organizations$1.3M0.1%
- Individual clients
- 1,990reported
- HNW clients
- 226reported
- Pension plan clients
- 13reported
- Charitable clients
- 9reported
- Accounts
- 5,003reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $291M for 1,317 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.98 fund_share=0.0 institutional_share=0.01 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
17 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Michael Charles SeeseCertified Financial Planner, Chartered Financial Consultant | Vienna, Wv | Apr 11, 2023 | 30 y | 4 |
| Nikki Von LudeCertified Financial Planner, Chartered Financial Consultant | Woodsfield, Oh | Apr 11, 2023 | 21 y | 2 |
| Daniel Lee SpurgeonCertified Financial Planner | Vienna, Wv | Apr 11, 2023 | 12 y | 4 |
| Neal Elliott WatsonCertified Financial Planner | Vienna, Wv | Apr 11, 2023 | 30 y | 4 |
| Derek Bailey | Vienna, Wv | Apr 14, 2023 | 12 y | 1 |
| Shanell Jeffrey | Vienna, Wv | Apr 14, 2023 | 18 y | 2 |
| Bernard Vincent Mcmanus | Vienna, Wv | Apr 14, 2023 | 10 y | 3 |
| Tyler Szafran | Vienna, Wv | Apr 14, 2023 | 10 y | 2 |
| Evan Thomas Brockmeier | Vienna, Wv | May 17, 2023 | 13 y | 0 |
| Zachary Michael SeeseCertified Financial Planner | Vienna, Wv | Aug 9, 2023 | 10 y | 0 |
| Joshua Franklin Wine | Vienna, Wv | Aug 9, 2023 | 10 y | 0 |
| Craig Kevin Seachrist | Vienna, Wv | Aug 9, 2023 | 27 y | 4 |
| Ciara Kathleen StewartCertified Financial Planner | Vienna, Wv | Aug 22, 2023 | 11 y | 0 |
| Madison Marie Gontarek | Vienna, Wv | Feb 16, 2024 | 12 y | 0 |
| Tyler Andrew BrautiganCertified Financial Planner | Wheeling, Wv | May 9, 2024 | 11 y | 2 |
| Sierra R Love | Vienna, Wv | Dec 26, 2024 | 14 y | 0 |
| Samuel Martin Cremeans | Vienna, Wv | Jan 15, 2026 | 10 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount3 left over 36 months
Left, latest
- Khoury Allan Kloss to LPL Financial LLCOct 7, 2024 · RIA to affiliated broker-dealer or bank
- Brenda Lee Weekly to Cwm, LLCMay 28, 2024 · RIA to affiliated broker-dealer or bank
- Julie Anne Vavra Daley to LPL Financial LLCJan 9, 2024 · RIA to affiliated broker-dealer or bank
Joined, latest
- Tyler Andrew Brautigan from Security Capital ManagementMay 9, 2024 · RIA to RIA
- Craig Kevin Seachrist from Arbor Point AdvisorsAug 9, 2023 · Affiliated broker-dealer or bank to independent RIA
- Shanell Jeffrey from Arbor Point AdvisorsApr 14, 2023 · Affiliated broker-dealer or bank to a newly registered adviser
- Derek Bailey from Arbor Point AdvisorsApr 14, 2023 · Affiliated broker-dealer or bank to a newly registered adviser
- Bernard Vincent Mcmanus from Arbor Point AdvisorsApr 14, 2023 · Affiliated broker-dealer or bank to a newly registered adviser
- Tyler Szafran from Arbor Point AdvisorsApr 14, 2023 · Affiliated broker-dealer or bank to a newly registered adviser
- Brenda Lee Weekly from Arbor Point AdvisorsApr 14, 2023 · Affiliated broker-dealer or bank to a newly registered adviser
- Julie Anne Vavra Daley from Arbor Point AdvisorsApr 11, 2023 · Affiliated broker-dealer or bank to a newly registered adviser
- Nikki Von Lude from Arbor Point AdvisorsApr 11, 2023 · Affiliated broker-dealer or bank to a newly registered adviser
- Daniel Lee Spurgeon from Arbor Point AdvisorsApr 11, 2023 · Affiliated broker-dealer or bank to a newly registered adviser
- Neal Elliott Watson from Arbor Point AdvisorsApr 11, 2023 · Affiliated broker-dealer or bank to a newly registered adviser
- Michael Charles Seese from Arbor Point AdvisorsApr 11, 2023 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 6 joined from Arbor Point AdvisorsApr 6, 2023 · Parkersburg, Wv
- 3 joined from Arbor Point AdvisorsApr 6, 2023 · Marietta, Oh
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Shanell Jeffrey · Chief Executive Officer, Partnercontrolsince 12/2024 · owns 5% to 10%
- Edward Todd Kimpel · Co-Founder / Owner & Financial Advisorcontrolsince 04/2023 · owns 25% to 50%
- David Matthew Rothchild · Chief Compliance Officercontrolsince 06/2024 · owns less than 5%
- Charles Michael Seese · Co-Founder / Owner & Financial Advisorcontrolsince 04/2023 · owns 25% to 50%
- Lee Daniel Spurgeon · Owner & Financial Advisorcontrolsince 04/2023 · owns 25% to 50%
- Andrew Tyler Brautigan · Shareholder, Financial Advisorsince 01/2026 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Vienna, Wv · principal | 17 | 1 | 0 | ||
| Wheeling, Wv | 3 | 0 | 0 | ||
| Marietta, Oh | 2 | 0 | 0 | ||
| Woodsfield, Oh | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Athens, OH5 employees
- Wheeling, WV2 employees
- Marietta, OH1 employees
- Woodsfield, OH1 employees
ADV anomalies
6 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Aug 24, 2026SPURGEON, DANIEL, LEE (OWNER & FINANCIAL ADVISOR) left Schedule A between the filings of 2024-07-03 and 2026-08-24peers: independent wealth managers, $500M to $1B (1,483)
- control person changedChange between filings · filing Aug 24, 2026KIMPEL, TODD, EDWARD (CO-FOUNDER / OWNER & FINANCIAL ADVISOR) left Schedule A between the filings of 2024-07-03 and 2026-08-24peers: independent wealth managers, $500M to $1B (1,483)
- control person changedChange between filings · filing Aug 24, 2026SEESE, MICHAEL, CHARLES (CO-FOUNDER / OWNER & FINANCIAL ADVISOR) left Schedule A between the filings of 2024-07-03 and 2026-08-24peers: independent wealth managers, $500M to $1B (1,483)
- control person changedChange between filings · filing Aug 24, 2026ROTHCHILD, MATTHEW, DAVID (CHIEF COMPLIANCE OFFICER) left Schedule A between the filings of 2024-07-03 and 2026-08-24peers: independent wealth managers, $500M to $1B (1,483)
- control person changedChange between filings · filing Aug 24, 2026JEFFREY, SHANELL (CHIEF EXECUTIVE OFFICER, PARTNER) appeared on Schedule A between the filings of 2024-07-03 and 2026-08-24peers: independent wealth managers, $500M to $1B (1,483)
- HNW share shiftChange between filings · filing Apr 2, 2026HNW share of RAUM moved from 14.0% to 47.0% between the annual amendments of 2025-03-07 and 2026-04-02peers: independent wealth managers, $500M to $1B (1,483)
What changed
consecutive filings, newest first
- Accounts · 4,851 to 5,003Oct 22, 2025 to Jan 27, 2026
- Advisory employees · 11 to 13Oct 22, 2025 to Jan 27, 2026
- Charity clients · 8 to 9Oct 22, 2025 to Jan 27, 2026
- Corporate clients · 20 to 24Oct 22, 2025 to Jan 27, 2026
- HNW clients · 21 to 226Oct 22, 2025 to Jan 27, 2026
- Individual clients · 2,064 to 1,990Oct 22, 2025 to Jan 27, 2026
- Pension plan clients · 9 to 13Oct 22, 2025 to Jan 27, 2026
- Assets in custody · $195M to $291MOct 22, 2025 to Jan 27, 2026
- State-registered IARs · 17 to 15Oct 22, 2025 to Jan 27, 2026
- Discretionary RAUM · $753M to $977MOct 22, 2025 to Jan 27, 2026
- HNW RAUM · $108M to $472MOct 22, 2025 to Jan 27, 2026
- Individual RAUM · $646M to $499MOct 22, 2025 to Jan 27, 2026
- Non-discretionary RAUM · $21.5M to $17.6MOct 22, 2025 to Jan 27, 2026
- Pension RAUM · $5.2M to $4.4MOct 22, 2025 to Jan 27, 2026
- RAUM · $775M to $995MOct 22, 2025 to Jan 27, 2026
- Assets in custody · $19.1M to $195MMar 7, 2025 to Jun 20, 2025
- Financial planning clients · 1-10 to 1-10Mar 7, 2025 to Jun 20, 2025
- Accounts · 2,148 to 4,851Oct 11, 2024 to Mar 5, 2025
- Advisory activities · 6 to 7Oct 11, 2024 to Mar 5, 2025
- Charity clients · 15 to 8Oct 11, 2024 to Mar 5, 2025
- Corporate clients · 25 to 20Oct 11, 2024 to Mar 5, 2025
- HNW clients · 3 to 21Oct 11, 2024 to Mar 5, 2025
- Individual clients · 2,207 to 2,064Oct 11, 2024 to Mar 5, 2025
- Pension plan clients · 56 to 9Oct 11, 2024 to Mar 5, 2025
- Assets in custody · $149M to $19.1MOct 11, 2024 to Mar 5, 2025
- Employees · 25 to 26Oct 11, 2024 to Mar 5, 2025
- Financial planning clients · More than 500 to 1-10Oct 11, 2024 to Mar 5, 2025
- HQ city · PARKERSBURG to VIENNAOct 11, 2024 to Mar 5, 2025
- State-registered IARs · 16 to 17Oct 11, 2024 to Mar 5, 2025
- Discretionary RAUM · $650M to $753MOct 11, 2024 to Mar 5, 2025
- HNW RAUM · $29.9M to $108MOct 11, 2024 to Mar 5, 2025
- Individual RAUM · $573M to $646MOct 11, 2024 to Mar 5, 2025
- Non-discretionary RAUM · $0 to $21.5MOct 11, 2024 to Mar 5, 2025
- Pension RAUM · $35.4M to $5.2MOct 11, 2024 to Mar 5, 2025
- RAUM · $650M to $775MOct 11, 2024 to Mar 5, 2025
- Assets in custody · $0 to $149MJul 3, 2024 to Jul 18, 2024
- Custody of client assets · false to trueJul 3, 2024 to Jul 18, 2024
- Accounts · 3,693 to 2,148Jun 26, 2023 to Mar 29, 2024
- Advisory employees · 13 to 11Jun 26, 2023 to Mar 29, 2024
- Charity clients · 0 to 15Jun 26, 2023 to Mar 29, 2024
Signals
8 dated events
- Commonwealth Financial Services reported RAUM $994.7M, up 28% from $774.8M (2025-10-22 to 2026-01-27)Jan 27, 2026 · RAUM change · derived
- Khoury Allan Kloss left Commonwealth Financial Services for Lpl Financial Llc (registered 2025-01-06)Oct 7, 2024 · Advisor changed firm · fact
- David Matthew Rothchild (Chief Compliance Officer) appeared on Schedule A of Commonwealth Financial ServicesJul 3, 2024 · Control person joined · fact
- Brenda Lee Weekly left Commonwealth Financial Services for Cwm, Llc (registered 2024-05-29)May 28, 2024 · Advisor changed firm · fact
- Julie Anne Vavra Daley left Commonwealth Financial Services for Lpl Financial Llc (registered 2024-01-06)Jan 9, 2024 · Advisor changed firm · fact
- 3 advisors left Arbor Point Advisors (Marietta, OH) for Commonwealth Financial Services within 4 daysApr 6, 2023 · Team lift-out · derived
- 6 advisors left Arbor Point Advisors (Parkersburg, WV) for Commonwealth Financial Services within 4 daysApr 6, 2023 · Team lift-out · derived
- Commonwealth Financial Services filed its initial SEC registration (Form ADV)Feb 17, 2023 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 304-230-2384reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 304-244-2292reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 304-250-9992reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/commonwealth-financial-services-llcreportedpublic record, Form ADV, Sep 17, 2026
- Website
- cfswv.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 304-422-3531reportedpublic record, Form ADV, Aug 24, 2026
- Contact form
- cfswv.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- cfswv.com/about/our-teamreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $58.5Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026