David Monday
David Monday is a registered investment advisor at Commonwealth Retirement Investments LLC, based in Richmond, VA, with 44 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management, Retirement Planning. Their firm serves 314 clients with $310M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $2.0M | 0.85% |
| $2.0M - $5.0M | 0.75% |
| $5.0M - $10.0M | 0.55% |
| $10.0M - $25.0M | 0.50% |
| $25M+ | 0.50% |
Fees negotiable for accounts over $25 million. For relationships less than $1,000,000, the minimum annual fee is $5,000, which may exceed 1% annually. At account inception, CRA may charge a one-time fee of up to an additional 0.25% for additional services related to onboarding.
Fee Estimator
Location
9030 Stony Point Parkway, Suite 470, Richmond, VA, 23235
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
David is an insurance agent offering traditional life insurance products since 2012, dedicating a few hours per week to this activity. He also serves as Chairman of Commonwealth Retirement Advisors, LLC, performing administrative duties and assisting in developing and servicing accounts, which also takes a few hours per week.
Employment History
Current Registrations
Commonwealth Retirement Investments LLC
Previous Registrations
Commonwealth Retirement Investments LLC
Lincoln Financial Advisors Corporation
Lincoln Financial Advisors CorporationBroker
A. G. Edwards & Sons, INC.Broker
First Clearing, LLCBroker
Wexford Clearing Services, LLCBroker
Wells Fargo Advisors, LLCBroker
Wells Fargo Advisors, LLC
First Union Capital Markets CORP.Broker
State Registrations1 state
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.