Commonwealth Investment Advisory is a registered investment advisor that refers individuals, high net worth individuals, trusts, and estates to money managers for investment management services. Commonwealth Investment Advisory receives compensation from the money managers for these referrals. The firm does not provide investment advisory services directly.
Commonwealth Investment Advisory does not manage your investments directly. Instead, they recommend money managers and receive a referral fee from them. This referral fee is a percentage of the money manager's fee, up to 25%, and is paid by the money manager, not you. You won't pay more than if you hired the money manager directly.