Commonwealth Financial Planners Inc (Roswell)

Name: Commonwealth Financial Planners Inc
Address: 1033 Canton Street, Roswell, GA, 30075
Telephone: 770-399-6644

Commonwealth Financial Planners Inc is a large advisory firm based in Roswell. It manages $113.6 million of regulatory assets for 285 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Georgia and Texas.

Commonwealth Financial Planners provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Commonwealth Financial Planners: assets under management

The assets under management (AUM) of Commonwealth Financial Planners Inc is $113.6 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 26% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Commonwealth Financial Planners Inc for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Norman Douglas Shirley serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Norman Douglas Shirley is high net worth individuals with 50 clients and $85.2 million of assets under management. Among the 8 most similar advisory firms, Commonwealth Financial Planners has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $113.6 million for 132 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Commonwealth Financial Planners doesn't advise any private funds.

Careers at Commonwealth Financial Planners Inc

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Norman Douglas Shirley has been acting as President since 1 Feb 1983. Michael Patrick Agurkis joined the executive team most recently as the Chief Compliance Officer/President/Corp Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Norman Douglas Shirley	Chief compliance officer/president/	1 Feb 1983	75% - 100%	734155
Renee W Shirley	Corporate secretary	1 Feb 1983	Other	2616984
Michael Patrick Agurkis	Vice president	1 Dec 2016	Other	4969895
Michael Patrick Agurkis	Chief compliance officer/president/corp secretary	1 Sep 2019	75% - 100%	4969895

Based in Roswell

The principal office where Commonwealth Financial Planners Inc performs its advisory services is located at 1033 Canton Street, Roswell, GA 30075, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 770-399-6644 or by fax 770-399-5386. The normal business hours are 8:30 a.m. to 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at commonwealthfp.com.