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Commonwealth Retirement Investments LLC

Commonwealth Retirement Investments LLC was established in 2020 by Tony Zitomer, who serves as CEO and Chief Investment Officer.

Commonwealth Retirement Investments LLC

Commonwealth Retirement Investments LLC was established in 2020 by Tony Zitomer, who serves as CEO and Chief Investment Officer. The firm operates as a registered investment adviser (RIA) under the regulatory oversight of the state of New Jersey, with its principal office located at 1200 U.S. Highway 9 North in Manalapan. The firm provides investment advisory services to corporate retirement plans, non-profit organizations, and individual investors, with a stated emphasis on fiduciary duty and personalized portfolio management. Zitomer brings experience from his prior role as a senior portfolio manager at a major financial institution, though no specific investment mandates, asset-class allocations, or direct portfolio holdings have been publicly disclosed. The firm's website describes its approach as combining asset allocation with risk management and ongoing monitoring, but no named portfolio companies, deals, or co-investment activities are on public record. The firm's geographic scope appears limited to the United States, primarily serving clients within New Jersey and the surrounding Mid-Atlantic region. The firm's professional headcount has not been publicly reported, and it appears to operate as a small, boutique advisory practice. No additional offices or affiliated philanthropic structures are documented in public sources. There are no recorded recent operational events such as new hires, fund launches, or acquisitions in the last 24 months. The key structural differentiator for Commonwealth Retirement Investments is Zitomer's prior regulatory disciplinary history: in September 2023, he was permanently barred by the U.S. Commodity Futures Trading Commission (CFTC) from trading commodity interests or registering with the CFTC, following allegations of fraudulent solicitation and misappropriation of client funds. This regulatory action sets the firm apart from typical RIA practices, though Zitomer continues to operate the advisory firm under state regulatory authority.

General information

Firm type

other

Year founded

AUM

Undisclosed

Location

Region

Country

City

Corporate office

Frequently asked questions

Who founded Commonwealth Retirement Investments LLC, and what is their background?

Tony Zitomer founded the firm in 2020 and serves as its CEO and Chief Investment Officer. His website states he has over 25 years of investment experience, including prior work as a portfolio manager at a major financial institution. However, in September 2023, Zitomer was permanently barred by the CFTC from trading commodities for allegedly defrauding clients in a separate entity called Zitomer Financial Group.

Is Commonwealth Retirement Investments LLC regulated by the SEC or state authorities?

The firm is registered as an investment adviser with the state of New Jersey, not with the U.S. Securities and Exchange Commission. It operates under RIA rules for smaller advisory firms. Its CRD number is 312065, and it has been registered since 2020.

What investment services does Commonwealth Retirement Investments offer?

The firm provides portfolio management, asset allocation, and risk monitoring services primarily to retirement plan sponsors and individual investors. According to its public filings, it holds discretionary authority over client accounts and charges a percentage of assets under management. Specific investment strategies or asset-class breakdowns have not been publicly detailed.

What regulatory actions have been taken against the firm or its principal?

Tony Zitomer was permanently barred by the CFTC on September 20, 2023, from trading commodity interests or registering with the CFTC. The order stemmed from allegations that he solicited over $1M from five clients for commodity options trading and misappropriated funds for personal use. The CFTC order also charged Zitomer with failing to register with the commission.

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