Commonwealth Advisory Group, Ltd. (Pittsburgh)

Name: Commonwealth Advisory Group, Ltd.
Address: 1910 Cochran Road, Pittsburgh, PA, 15220
Telephone: 412-531-6040

Commonwealth Advisory Group, Ltd. is a large advisory firm based in Pittsburgh. It manages $361.69 million of regulatory assets for 899 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Colorado, Florida, Illinois, and 6 other states.

Commonwealth Advisory Group 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 Advisory Group: assets under management

The assets under management (AUM) of Commonwealth Advisory Group, Ltd. is $361.69 million. $5.39 million of the total AUM is attributable to clients outside of the United States.

Investments

The firm invests in investment and business development companies the most. They account for 79% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Commonwealth Advisory Group, Ltd. for their services and products based on a percentage of assets under management and fixed fees. 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 Robert Joseph Lohman serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Robert Joseph Lohman is high net worth individuals with 80 clients and $227.11 million of assets under management. Among the 9 most similar advisory firms, Commonwealth Advisory Group has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $361.69 million for 402 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Commonwealth Advisory Group doesn't advise any private funds.

Careers at Commonwealth Advisory Group, Ltd.

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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
Robert Joseph Lohman	President/ceo/chief compliance officer	1 Jul 1993	75% - 100%	1781184

Based in Pittsburgh

The principal office where Commonwealth Advisory Group, Ltd. performs its advisory services is located at 1910 Cochran Road, Pittsburgh, PA 15220, 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 412-531-6040 or by fax 412-531-6122. The normal business hours are 8:00am - 4:30pm on Monday - Friday. You can find more information about the New York firm at comgrp.net.