Commonwealth Investment Management

Commonwealth Investment Management, established in 1994 and based in Pittsburgh, Pennsylvania, is an SEC-registered investment adviser offering balanced, equity, and fixed-income investment management services. The firm provides discretionary and non-discretionary services tailored to clients' specific investment policies. Clients have the option to grant discretionary authority, allowing CIM to make investment decisions without prior client consent. CIM's investment strategies focus on risk-managed portfolios that aim to add value over defined benchmarks. The firm's equity management emphasizes growth at a reasonable value, while fixed-income management balances credit and interest-rate risks. CIM also offers municipal advisory services, assisting municipal clients in various financing aspects. CIM acts as a fiduciary for retirement investors, obligated to act in clients' best interests. The firm's fee structure is based on a percentage of assets under management, with a minimum account size of $1.0 million. CIM conducts quarterly reviews of client accounts and provides regular reports on performance and holdings. The firm does not receive performance-based fees and does not compensate solicitors for client referrals. Clients' funds and securities are held by independent qualified custodians, and CIM does not have physical custody over client assets. Clients may grant CIM investment discretion, allowing the firm to make investment decisions on their behalf. Proxy voting for client securities is conducted in the best interest of clients, considering factors that may impact investment value. Overall, CIM's investment philosophy centers on providing diversified, risk-managed portfolios tailored to clients' investment objectives and guidelines.