Michael C. Seese
COMMONWEALTH FINANCIAL SERVICES
VIENNA, WV 26105
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CRD#: 2789645
Professional summary
Michael Charles Seese, CFP®, ChFC®, CLU® is a registered financial advisor currently at COMMONWEALTH FINANCIAL SERVICES located in Vienna, West Virginia.
Michael is registered as an IAR (Investment Advisor Representative) and started their career in finance in 1996. Michael has worked at 7 firms and has passed the Series 65, Series 63, SIE, Series 7, Series 6 and Series 24 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
None
Other business activities
Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
**TRUSTEE FOR PARENT TRUST -Trustee -Act in a Fiduciary Capacity INVEST RELATED Yes #HRS 1 -4/9/04 -586 Tally Ho Rd Parkersburg WV 26104 -Trustee for Parents Irrevocable Living Insurance Trust (ILIT) **ASC ENTERPRISES, LLC -Ownership Member -Ownership Member -8/14/14 -2000 1st Ave Parkersburg WV 26101 -Ownership Member. I would have revenue of about $50 to $150 a year based on current payout and dividend. This is a local Sports Recreation Center for kids/adults. I am just a member. **WVU AT PARKERSBURG FOUNDATION -Board Member -Non-Profit Board Member #HRS 2 -6/27/16 -300 Campus Dr Parkersburg WV 26104 -Board Member - Volunteer position that helps make decisions on the best use of funds of the foundation for the betterment of the WVU of Parkersburg college. Treasurer - I do not have access to funds. I can only approve checks to be written by the foundation office/staff. **Highland Capital -AGENT -Non Variable Insurance INVEST RELATED Yes #HRS 2 -3/27/03 -585 College Pkwy, Parkersburg WV 26104 -SELLINGFIXED ANNUITIES, LONG TERM CARE, GROUP AND INDIVIDUAL DISABILITY INCOME AND HEALTH, TERM WHOLE AND UNIVERSAL LIFE INSURANCE. **TALLY HO MANAGEMENT -Member -Commercial rental property - Current Office of Commonwealth Financial Services #HRS 5 -5/6/19 - 586 Tally Ho Rd Parkersburg WV 26104 - My wife and I own a building through our LLC, Tally Ho Management. This is the office of Commonwealth Financial Services. **FIRST EXCHANGE BANK -Board Member -asked to be on Board of directors for local bank (The First Exchange) Bank.https://www.firstexchangebank.com/ #HRS 6 SEC TRADE HRS 3 -1/1/20 -11 W Main St Mannington WV 26582 -I would be a member of the Board of Directors. I would attend monthly 1 hour meetings. During those meetings we would discuss and vote on decisions pertaining the banks operations. **DIRECTOR PHANTOM STOCK APPRECIATION PLAN -I am a director for the bank which is already disclosed. -First Exchange Bank - Director Phantom Stock Appreciation Plan #HRS 10 SEC TRADE HRS 4 -2/22/22 -586 Tally Ho Rd, Parkersburg WV 26104 -The bank will pay a bonus to Directors if the bank reaches it goals for the year. The $ is calculated based on your board fees x a %. All Directors receive the same .You do not receive compensation in the form of securities or common stock. The bonus is put in a fake or phantom stock account. The value of the fake stock rises and falls as the value of our stock changes. Example 20x0 you have $10,000 in cash fees and we meet our goals and you receive 25% of your cash fees in fake stock or 100 shares at $25.There is no vesting in actual stock or securities. The value of the stock is simply a means to measure your reward both annually and cumulatively with your reward changing with the value of our stock. The value of your account accrues or grows and is Taxable upon your separation from service It is vested at 100% where as management's vest over an extended period of time I am eligible for the plan effective 01/01/2022. I was just notified last week. The bank is just signing me up for the plan. **BOARD MEMBER--WEST VIRGINIA CENTRAL FEDERAL CREDIT UNION of Vienna, WV. Board members are responsible for setting policies, approving budgets, and helping to direct strategic planning. We evaluate operations and maintain financial performance standards for the credit union. We are also responsible for appointing the credit union's President/CEO, who reports directly to the Board. Position is nonprofit, unpaid, not performed during trading hours, and time commitment is 1 hour per month.
CRS (Client Relationship Summary) - RIA
Click below to view Michael Charles Seese's CRS (Customer Relationship Summary).
Certified licenses
Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
CFP®
Start date: 2006
Experience
Current
April 11, 2023 - Present
COMMONWEALTH FINANCIAL SERVICES
Office #1: 373 Timberline Parkway, Vienna, WV 26105RIA
CRD#: 324930
VIENNA, WV
Past
June 8, 2017 - April 28, 2023
ARBOR POINT ADVISORS
RIA
CRD#: 165127
ATHENS, OH
Past
June 1, 2017 - April 28, 2023
SECURITIES AMERICA, INC.
BD
CRD#: 10205
ST. CLAIRSVILLE, OH
Past
September 1, 2010 - July 6, 2017
COMMONWEALTH FINANCIAL SERVICES, LLC
RIA
CRD#: 154369
PARKERSBURG, WV
Past
April 2, 2003 - December 21, 2011
LPL FINANCIAL LLC
RIA
CRD#: 6413
PARKERSBURG, WV
Past
April 1, 2003 - June 7, 2017
LPL FINANCIAL LLC
BD
CRD#: 6413
PARKERSBURG, WV
Past
January 11, 2000 - April 14, 2003
EQUITABLE ADVISORS, LLC
RIA
CRD#: 6627
PARKERSBURG, WV
Past
August 23, 1996 - January 5, 2000
THE EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES
BD
CRD#: 4039
NEW YORK, NY
Past
August 23, 1996 - April 14, 2003
EQUITABLE ADVISORS, LLC
BD
CRD#: 6627
NEW YORK, NY
Primary Firm SEC Registration
This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".
CF
COMMONWEALTH FINANCIAL SERVICES
COMMONWEALTH FINANCIAL SERVICES | COMMONWEALTH FINANCIAL SERVICES, LLC.
CRD#: 324930 / SEC#: 801-127499
RIA
Registered Investment Advisory firm - (3/22/2023 Approved)State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
IAR
means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.Highlighted states indicate IAR registrations
IAR
Ohio(4/11/2023)
IAR
West Virginia(4/14/2023)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
Principal/Supervisory Exam
Current Firm
CF
COMMONWEALTH FINANCIAL SERVICES
COMMONWEALTH FINANCIAL SERVICES | COMMONWEALTH FINANCIAL SERVICES, LLC.
CRD#: 324930 / SEC#: 801-127499
RIA
Registered Investment Advisory firm - (3/22/2023 Approved)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
373 Timberline Parkway, Vienna, WV 26105
Mailing Address
Phone number
(304) 422-3531
Established
Firm type
Fiscal year end
# of Employees
26
SEC notice filing (20 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 4,851 |
| AUM (Assets Under Management) | $ 774,786,979 |
Red Flags
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