Commonwealth Financial Planners provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, retirement plan services, and tax planning. Financial planning was provided to 51–100 clients last fiscal year.
Commonwealth Financial Planners reports 132 clients. They include 66 individual clients and 66 high-net-worth individuals. Of its assets, 1.7% ($3.76M across 3 accounts) are managed with discretion; $224M across 313 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 50% | 12% |
| High-net-worth individuals | 50% | 85% |
| Pension and profit-sharing plans | Fewer than 5 | 2% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 66 | $28.4M | 12.5% | $430K |
| High-net-worth individuals | 66 | $195M | 85.5% | $2.95M |
| Pension and profit-sharing plans | Fewer than 5 | $3.76M | 1.7% | — |
| Corporations and other businesses | Fewer than 5 | $938K | 0.4% | — |
| Total | 132 | $228M | 100% | — |
- Clients
- 66
- Regulatory AUM
- $28.4M
- AUM share
- 12.5%
- Avg. per client
- $430K
- Clients
- 66
- Regulatory AUM
- $195M
- AUM share
- 85.5%
- Avg. per client
- $2.95M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.76M
- AUM share
- 1.7%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $938K
- AUM share
- 0.4%
- Avg. per client
- —
Total
- Clients
- 132
- Regulatory AUM
- $228M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Commonwealth Financial Planners is paid through a percentage of assets under management and hourly charges. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning
- Hourly fee for financial planning clients, currently $175 an hour, billed upon completion of the plan.
Michael Agurkis owns 75% or more of Commonwealth Financial Planners. The leadership team of Commonwealth Financial Planners includes President Michael Agurkis. It has 3 employees, 2 of them in advisory roles.
Staff
- 3 employees
- 2 in advisory functions
- 2 state-registered reps
- 2 broker-dealer reps
- 1 insurance agent
- Owns 75% or more of Commonwealth Financial Planners Inc
Michael Agurkis
Control person · since September 2019
Commonwealth Financial Planners’ regulatory assets grew from $163M (March 2021) to $228M (March 2026); clients were 132 in both filings and employees fell from 5 to 3.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $228M | 132 | 3 | 1 |
| May 2025May 2025 | $204M | 127 | 3 | 1 |
| Mar 2024March 2024 | $180M | 138 | 4 | 1 |
| Mar 2023March 2023 | $156M | 131 | 4 | 1 |
| Mar 2022March 2022 | $185M | 131 | 4 | 1 |
| Mar 2021March 2021 | $163M | 130 | 5 | 1 |
Besides its headquarters, Commonwealth Financial Planners has 0 offices, with 1 listed address in 1 state.
Georgia · 1 listed address
- 1033 Canton Street, RoswellHQ
Contact and registration details
- Legal name
- Commonwealth Financial Planners Inc
- Headquarters
- 1033 Canton Street, Roswell, GA 30075
- Website
- Not reported
- Phone
- 770-399-6644
- SEC file
- 801-112991
- Founded
- 1983
- Structure
- Georgia corporation
- Fiscal year end
- December
Commonwealth Financial Planners’ named custodians for separately managed accounts are Raymond James ($92.3M, 52%) and Raymond James ($84.6M, 48%). Commonwealth Financial Planners does not have custody of client assets.
- Raymond JamesRaymond James & Associates, Inc. · St. Petersburg, FL · $92.3M52%
- Raymond JamesRaymond James Trust Company of New Hampshire · Portsmouth, NH · $84.6M48%
At year end, Commonwealth Financial Planners’ separately managed accounts were mostly in funds (52%) and stocks (29%).
What the accounts hold
- Stocks29%
- Exchange-traded equities23%
- Non-exchange-traded equities6%
- Funds52%
- Registered funds51%
- Pooled vehicles1%
- Bonds1%
- Cash9%
- Other9%
- Annuities & market-linked notes.9%
How many clients does Commonwealth Financial Planners have?
Commonwealth Financial Planners has 132 clients and manages $228 million for them, as of March 2026. They include 66 individual clients and 66 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Commonwealth Financial Planners offer?
Commonwealth Financial Planners provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, retirement plan services, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does Commonwealth Financial Planners use?
Commonwealth Financial Planners’ separately managed account assets are held at Raymond James & Associates, Inc. (St. Petersburg, FL), with $92.3M and Raymond James Trust Company of New Hampshire (Portsmouth, NH), with $84.6M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Commonwealth Financial Planners have?
Commonwealth Financial Planners has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Commonwealth Financial Planners invest in?
At the end of its last fiscal year, Commonwealth Financial Planners’ separately managed accounts held 51% registered funds (mutual funds, ETFs, BDCs), 23% exchange-traded equities, 9% cash and equivalents, 9% other, 6% non-exchange-traded equities, 1% high-yield corporate bonds and 1% pooled vehicles (private funds and similar). The 9% other category is described as: Annuities & Market-Linked Notes.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Commonwealth Financial Planners?
Commonwealth Financial Planners’ direct owner is Michael Agurkis (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Commonwealth Financial Planners get paid?
Commonwealth Financial Planners is paid through a percentage of assets under management and hourly charges. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Commonwealth Financial Planners?
Commonwealth Financial Planners’ main office is at 1033 Canton Street, Roswell, GA 30075. Its phone number is 770-399-6644.