The Commonwealth Group LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
The Commonwealth Group LLC provides discretionary and non‑discretionary investment advisory services to individuals (including high‑net‑worth households), corporations, retirement plans, foundations and endowments, reporting $8,580,906 in assets under management for 21 clients as of December 31, 2025. The firm offers portfolio management and financial oversight tailored to each client relationship.
The firm prepares an Investment Policy Statement for each client and employs fundamental analysis with a preference for longer‑term purchases using mutual funds, ETFs, exchange‑traded securities and corporate and government debt. For some clients, it delegates day‑to‑day portfolio management to unaffiliated Sub‑Advisors while retaining oversight and ongoing monitoring of those managers.
Distinctive features include the small, owner‑managed structure (two advisors and 21 clients), which yields a relatively high advisor‑to‑client ratio, and the dual operating model in which clients may pay both a Sub‑Advisor’s fee and the firm’s advisory fee (the firm states it does not receive referral fees). The firm also relies on custodial statements rather than producing its own written account reports, does not aggregate trades across multiple custodians, and reports no receipt of soft‑dollar research or third‑party brokerage benefits.
Client services
Expertise
Fee options
Flat fee charged quarterly in advance, example $30,000 annually ($7,500 per quarter)
$0 - $49,999: 1.75% $50,000 - $149,000: 1.50% $150,000 - $500,000: 1.30% $500,001 - $999,999: 1.00% $1,000,000 - $1,499,000: 0.85% $1,500,000 - $2,999,999: 0.75% $3,000,000 - $4,999,999: 0.60% $5,000,000 - $9,999,999: 0.50% $10,000,000+: Negotiable Fee depending on complexity
Account minimum: $100,000 Fee-only: Flat fee option available; example of $30,000 annual fee payable quarterly ($7,500 per quarter)
Main office
See officePort St. Lucie FL
Advisors at this office
1
Offices (2)
Most active in
Florida · Nebraska
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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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.
Forms ADV
Advisors at this firm
John B
Series 63, Series 65
Fernandina Beach, FL
The Commonwealth Group LLC
John Byrne is a financial advisor at The Commonwealth Group LLC with 31 years of industry experience. He holds Series 63 and Series 65 credentials and previously operated Byrne Wealth Management, LLC for 14 years. Outside of his advisory role, Byrne works as a retail associate at Home Depot in Fernandina Beach, Florida. The Commonwealth Group LLC offers discretionary and non-discretionary investment advisory services to individuals, corporations, retirement plans, foundations, and endowments, managing over $8.5 million for 21 clients. The firm employs a fundamental analysis approach focused on longer-term investments and provides tailored portfolio management and financial oversight.
Richard K
Port St. Lucie, FL
The Commonwealth Group LLC
Richard Kesner is a financial advisor at The Commonwealth Group LLC with 31 years of industry experience. He previously worked at Stoever Glass Wealth Management and Measured Wealth Private Client Group. The Commonwealth Group LLC provides discretionary and non-discretionary investment advisory services to high-net-worth individuals, corporations, retirement plans, foundations, and endowments. The firm focuses on fundamental analysis and long-term investment strategies, offering tailored portfolio management and financial oversight to its clients.
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