Forvis Wealth Advisors, LLC
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Learn more about Forvis Wealth Advisors, LLC
Overview
Forvis Wealth Advisors, LLC is a financial advisor company based in Springfield, Missouri. It controls $7.4 billion in total assets across 11,893 customer accounts, placing it among the largest investment advisory firms in the nation by assets under management (AUM). The firm has a large group, including 80 financial advisors. Forvis Wealth Advisors, LLC is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable fiscal assets like options, equities and bonds.
Forvis Wealth Advisors, LLC manages most of the firm's accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor makes transaction judgments for the client's account without requiring client permission. Forvis Wealth Advisors, LLC also oversees 127 non-discretionary accounts totaling $148.3 million in assets. The investment advisory firm manages an average of $622,140 for each account. The typical advisor at Forvis Wealth Advisors, LLC manages around 149 client accounts.
Forvis Wealth Advisors, LLC's headquarters is located at 910 East St Louis St, Springfield, Missouri 65806. The firm is registered to provide services to customers across 40 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Forvis Wealth Advisors, LLC by the Numbers
$7.4 billion
120
11,893
$622.1 thousand
Products and Services
Forvis Wealth Advisors, LLC provides a number of financial services, including financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, publication of newsletters and educational seminars. In the past fiscal year, Forvis Wealth Advisors, LLC provided 1000 of its customers with financial planning services. It does sell products or offer services other than investment advice to its customers. Forvis Wealth Advisors, LLC also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, accountant or accounting firm and insurance company or agency.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial management are based on the services provided. Fees billed by the firm may include the following fee structures: asset-based, hourly or fixed. The company does not participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company does business with a broad range of investors. Forvis Wealth Advisors, LLC provides services to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 11,893 customers, Forvis Wealth Advisors, LLC's largest client by number of accounts is retail investors, but it also serves 1,703 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 40.93%
- Other Individuals - 56.77%
- Corporations - 1.42%
- Charitable Organizations - 0.89%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Forvis Wealth Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Forvis Wealth Advisors, LLC
Springfield, MO
Springfield, MO
Springfield, MO
Indianapolis, IN
Springfield, MO
Springfield, MO
Springfield, MO
Villa Park, IL
Indianapolis, IN
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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