Private fund adviser · West Palm Beach, FL
Commonwealth Credit Advisors, LLC
SEC-registered investment adviser · CRD 312541 · SEC 801-120445
At a glance
Commonwealth Credit Advisors, LLC is an SEC-registered investment adviser based in West Palm Beach, Florida, with $1.7 billion in regulatory assets under management as of its Form ADV filed March 31, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 1,792nd of 4,686 private fund advisers and 3,941st of 17,210 SEC-registered advisers by assets.
Main office 561-727-2000comvest.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.7B
- Rank among private fund advisers
- #1,792 of 4,686
- Rank among all SEC RIAs
- #3,941 of 17,210
- Rank in Florida
- #182 of 1,090
- Clients
- 2
- Accounts
- 2
- Discretionary
- 100% of AUM
- Employees
- 150
- Advisory staff
- 128
- Offices
- 4
Owners and executives on its Form ADV
- Gregory W. ReynoldsPartner
- Cecilio M. RodriguezChief Compliance Officer
- Robert A. O'SullivanManaging Partner
- Michael S. FalkFounder/ceo/managing Partner
- Jason P. GelberdPartner
- Michael L. AltschulerGeneral Counsel
- Deborah M. NordellChief Financial Officer
Custody and brokerage
Custodian
Commonwealth Credit Advisors, LLC’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
Commonwealth Credit Advisors, LLC is a hybrid RIA: 2 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 1 | $911M | 53% |
| Business development companies | 1 | $819M | 47% |
Private funds
Commonwealth Credit Advisors, LLC reports 1 private funds with $911M in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Commonwealth Credit Advisors, LLC answers yes to 10 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for investment companies
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗comvest.com ↗
AtlasMembers
The full record on Commonwealth Credit Advisors, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 4 years of filings
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- Growth over one, three and five years
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- Rank against 1,911 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 4Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Commonwealth Credit Advisors, LLC manage?
Commonwealth Credit Advisors, LLC reports $1.7 billion in regulatory assets under management across 2 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
What kind of firm is Commonwealth Credit Advisors, LLC?
Commonwealth Credit Advisors, LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets. A public reporting company controls it.
Who are Commonwealth Credit Advisors, LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($911 million, 1 clients); business development companies ($819 million, 1 clients).
Does Commonwealth Credit Advisors, LLC manage private funds?
Yes. It reports 1 private funds with $911 million in gross assets, including hedge funds.
Does Commonwealth Credit Advisors, LLC have any disciplinary history?
Commonwealth Credit Advisors, LLC answers yes to 10 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Commonwealth Credit Advisors, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-31), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →