Commonwealth Retirement Investments LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$376,944,641
Clients
336
Advisors
3
of 12 employees
About
Commonwealth Retirement Investments, doing business as Commonwealth Retirement Advisors, advises individuals and families with a primary focus on clients who are in or approaching retirement. The firm offers personalized financial planning and discretionary portfolio management across strategies tailored to retirement objectives, and it manages roughly $377 million for about 337 households.
CRA’s planning process begins with a discovery meeting to establish priorities and an asset allocation framework, then deploys strategies such as dividend-growth equities, dividend funds, fixed income, tactical equity ETFs, annuities and cash-management allocations as appropriate. Portfolios are generally managed on a discretionary basis, with ongoing reviews and a reliance on publicly available research and custodian-provided resources to guide allocation and tactical adjustments.
The brochure discloses several practices that distinguish CRA from many peers: certain professionals are registered representatives of a FINRA broker-dealer (Purshe Kaplan Sterling) and are separately licensed insurance agents, allowing them to recommend and implement insurance products and variable annuities for which they may receive customary commissions. The firm also notes the use of institutional custodial support that includes educational conferences and practice resources, and it discloses client-facing communications and marketing practices — including periodic communications, seminars/workshops, and the use of testimonials — which are less common among similar team firms.
Client services
Expertise
Demographic focus
Fee options
Fixed fees for standalone financial planning services starting at $5,000
$0 - $1,000,000: 1.00% $1,000,000 - $2,000,000: 0.85% $2,000,000 - $5,000,000: 0.75% $5,000,000 - $10,000,000: 0.55% $10,000,000 - $25,000,000: 0.50% $25,000,000 - /null: Negotiable
Commissions received by registered representatives for sales of securities and insurance products; commissions do not offset advisory fees
Account minimum: $1,000,000 Minimum fee: $5,000 minimum annual fee for accounts below $1,000,000, may be higher depending on scope and complexity Fee-only: Fixed fees starting at $5,000 for standalone financial planning, negotiable and may be waived
Main office
9030 Stony Point Parkway, Suite 470
Richmond VA 23235
Advisors at this office
3
Most active in
Massachusetts · North Carolina · Texas · Virginia
Also doing business as
Commonwealth Retirement Advisors · Commonwealth Retirement Investments LLC · Cra Investments LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Is not active or affiliated with:
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Ryan D
CFP®, ChFC®, Series 63, Series 65
Richmond, VA
Commonwealth Retirement Investments LLC
Ryan Drake is a financial advisor with Commonwealth Retirement Investments LLC in Richmond, VA, holding CFP® and ChFC® designations and over 24 years of industry experience. He previously worked at Lincoln Financial Advisors Corp. for 16 years before joining Commonwealth Retirement Investments and Purshe Kaplan Sterling Investments in 2017. Drake serves as co-trustee of a family irrevocable trust. Commonwealth Retirement Advisors serves individual clients and families, particularly those approaching or in retirement, offering personalized financial planning and portfolio management on a primarily discretionary basis. The firm employs a structured process starting with comprehensive retirement planning and implements customized investment strategies using dividend-growth equities, diversified fixed income, tactical equity ETFs, and selective annuities.
Marcelo A
CFP®, Series 65
Richmond, VA
Commonwealth Retirement Investments LLC
Marcelo Ampie Zelaya is a CFP® with four years of industry experience currently serving at Commonwealth Retirement Investments LLC. He has been with Commonwealth Retirement Advisors since 2021. Commonwealth Retirement Investments advises individuals and families, primarily those in or near retirement, providing personalized financial planning and discretionary portfolio management tailored to retirement goals. The firm manages approximately $377 million for around 337 households and employs strategies including dividend-growth equities, fixed income, tactical equity ETFs, annuities, and cash-management allocations.
Christopher L
CFP®, Series 66
Richmond, VA
Commonwealth Retirement Investments LLC
Christopher Lee is a Certified Financial Planner™ (CFP®) with 11 years of industry experience. He has been with Commonwealth Retirement Investments LLC since 2017 and previously worked at Lincoln Financial Advisors Corporation from 2014 to 2017. Commonwealth Retirement Advisors serves individual clients and families, primarily those nearing retirement, offering personalized financial planning and discretionary portfolio management. The firm manages approximately $306 million in assets across about 314 households and employs a process that includes comprehensive retirement planning, customized asset allocation, and tailored investment strategies.
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