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Commonwealth Financial Services

Commonwealth Financial Services. CRD 324930

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CRD: 324930

Commonwealth Financial Services

$994.7M Total AUM
$977.2M Disc. AUM
22.4% 3Y CAGR
26 Employees
2,272 ADV. Clients
3 yrs Firm Age

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Firm Details

Custodian
American Funds · Charles Schwab & Company · Fidelity/NFS
Clients
Retail and Institutional
Established Date
03-22-2023
Office Locations
4

Office Locations

166 S. Main Street Woodsfield OH
21 Warden RUN Road #201 Wheeling WV
326 Third Street #110 Marietta OH

About Commonwealth Financial Services

Commonwealth Financial Services is a fiduciary advisory firm serving individuals, families, and small businesses across West Virginia and Ohio. The team delivers comprehensive financial and retirement planning and ongoing investment management with a disciplined, risk-tolerance-driven approach, plus estate, tax, and insurance planning. Clients include business owners, pre-retirees/retirees, and oil & gas landowners. Uses Orion and eMoney; eight advisors include six CFP professionals.

Reported data analysis

What the numbers show

Between October 22, 2025 and August 24, 2026, reported AUM increased 28.4%, from $774.8M to $994.7M.

Across 4 reported observations, AUM increased 86.6% between June 26, 2023 and August 24, 2026, from $533.2M to $994.7M.

Of the latest reported AUM, 98.2% is discretionary and 1.8% is non-discretionary.

The firm reports 13 advisory representatives and 2,272 clients, or 174.8 clients per representative. That equates to $437.8K in reported AUM per client.

The profile lists 4 reported office locations and 3 years in operation. The source data was last updated on August 24, 2026. Figures reflect reported regulatory data and may not include subsequent changes.

Team overview

41 AVG AGE
$76.5M AVG AUM / ADVISOR
$437.8K AVG AUM / CLIENT
2.9 yrs AVG TENURE
26 Employees
13 Advisory Reps
15 RIA Reps
3yrs Firm Age

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Available data coverage

  • Asset Classes
  • Client Personas
  • CRM
  • Custodian
  • Investment Themes
  • Investment Vehicles
  • Platform
  • Services
  • Technology

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Owner & Executives

MICHAEL CHARLES SEESE

MICHAEL CHARLES SEESE

CAO, Co-founder, Co-founder and Financial Advisor – Commonwealth Financial Services, Financial Advisor, General Partner, Owner

CRD
#2789645
Ownership
50% but less than 75%
DANIEL LEE SPURGEON

DANIEL LEE SPURGEON

Chief Investment Officer, Financial Advisor, General Partner, PARTNER

CRD
#6293881
Ownership
25% but less than 50%

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Contacts

Derek Bailey

Derek Bailey

Owner

CRD
#7407694
Evan Thomas Brockmeier

Evan Thomas Brockmeier

Financial Advisor, General Partner

CRD
#7733312

Showing 2 of 18 contacts

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Assets Under Management

Total AUM
Discretionary
Non-Discretionary
06-26-2023
10-11-2024
10-22-2025
08-24-2026
Category Assets AVG. Account size
Discretionary $977,187,375 $203,921
Non-Discretionary $17,558,551 $83,216
Total $994,745,926 $198,830

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Separately Managed Accounts

SMA allocation detail is available

Commonwealth Financial Services has reported separately managed account data across 10 asset classes. AdvizorPro provides the associated asset values, allocation percentages, and exportable breakdown.

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13F Holdings | Q2 2026

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Commonwealth Financial Services's 13F holdings detail is available for Q2 2026, including issuer, security class, CUSIP, ticker, portfolio weight, and reported value.

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