Commonwealth Strategic Advisory LLC (New Canaan)

Commonwealth Strategic Advisory LLC is a large advisory firm based in New Canaan. It manages $456.91 million of regulatory assets for 32 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Connecticut.

Commonwealth Strategic Advisory provides portfolio management for individuals and small businesses, selection of other advisers, and administrative and concierge services including bill payment, and real estate, collectibles and property management. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Commonwealth Strategic Advisory: assets under management

The assets under management (AUM) of Commonwealth Strategic Advisory LLC is $456.91 million. The firm's AUM has grown by 161% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in exchange traded securities the most. They account for 22% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Commonwealth Strategic Advisory LLC for their services and products based on a percentage of assets under management. 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.

Careers at Commonwealth Strategic Advisory LLC

The company employs 2 people that are either part- or full-time employees. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Charles Dexter	Chief executive officer and chief investment officer	1 Dec 2013	50% - 75%	2980270
Mary Lou Salvati	Chief operating officer and chief compliance officer	1 Dec 2013	25% - 50%	865750

Based in New Canaan

The principal office where Commonwealth Strategic Advisory LLC performs its advisory services is located at 57 Lone Tree Farm Road, New Canaan, CT 06840, 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 203-920-1544. The normal business hours are 8:00 am - 6 pm on Monday - Friday.