FORNESS FINANCIAL LLC
Adviser information for FORNESS FINANCIAL LLC last updated from Form ADV on January 22nd, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Massachusetts, United States |
Employees
| Total Number of Employees | 3 |
|---|---|
| Investment Advisory/Research | 3 |
| Registered Broker-Dealer Representatives | 0 |
| Registered State Investment Advisers | 3 |
| Licensed Agents of an Insurance Company | 3 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 673 | $157.8M |
| Non-Discretionary | 0 | $0 |
| Total | 673 | $157.8M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 173 | $70.2M |
| HNW Individuals | 56 | $87.5M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 0 | $0 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 0 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businesses |
|---|---|
| Compensation | % of AUM |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 0 |
| Portfolio Manager | 0 |
| Both for Same | 157.8M |
| Portfolio Manager to Program | Sponsor |
|---|---|
| FORNESS WRAP FEE PROGRAM | FORNESS FINANCIAL LLC |
Identifiers
| SEC RIA File Number | 801-112637 |
|---|---|
| SEC ERA File Number | 801-112637 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 172473 |
| Legal Entity Identifier | None |
Principal Office
105 CHESTNUT STREETSUITE 37
NEEDHAM
MA
United States
Monday - Friday, 9:00AM TO 5:00PM
Tel: (781) 400-2604, Fax: (781) 400-5933
Websites
Chief Compliance Officer
RYAN C. FORNESS
MANAGING PRINCIPAL
105 CHESTNUT STREET
SUITE 37
NEEDHAM
MA
United States
Tel:
(781) 400-2604
Fax:
(781) 400-5933
R***@*******************M
(Full email address available in API data)
Regulatory Contact
KIMBERLY S. FORNESS
PRIVATE WEALTH ADVISOR
105 CHESTNUT STREET
SUITE 37
NEEDHAM
MA
United States
Tel:
(781) 400-2604
Fax:
(781) 400-5933
K**@*******************M
(Full email address available in API data)
Industry Affiliates
| None |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| FORNESS, RYAN, CHARLES | Individual | – | MANAGING PRINCIPAL AND CHIEF COMPLIANCE OFFICER | 09/2014 | 50-75% |
| FORNESS, NORMAN, ANTHONY | Individual | – | MANAGING PRINCIPAL | 09/2014 | 50-75% |