Commonwealth Retirement Investments LLC

Commonwealth Retirement Advisors, operating as Commonwealth Retirement Investments LLC, has been providing personalized financial planning and investment management services since January 2017. Led by Principal Ryan Drake with over 20 years of advisory experience, the firm specializes in retirement planning for individuals and families, focusing on creating effective pathways to reach retirement goals. Their comprehensive planning process involves a discovery meeting to understand client priorities, followed by the development of a tailored plan addressing retirement objectives and risk management. Clients have the option to engage in a longer-term relationship for investment management services, provided on a discretionary basis. The firm manages approximately $306 million in assets across 314 households, with a fee structure starting at 1.00% for the first $1 million in assets. Clients may receive ongoing financial planning advice, with fees starting at $5,000 for standalone financial planning services. Commonwealth Retirement Advisors acts as a fiduciary, committed to acting in the best interests of clients and does not charge performance-based fees. Clients have the option to place restrictions on investments and receive regular account statements directly from the custodian. The firm does not have any disciplinary events to report and provides a detailed overview of investment strategies, risk factors, and financial industry activities in their brochure.