Commonwealth Retirement Investments LLC

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.

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.

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.

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.