Forum Financial Management, Lp

CRD#145706
Investment Advisor Firm

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Overview

Forum Financial Management, Lp is located at 1900 South Highland Avenue, Lombard, IL. The firm employs 89 financial advisors to manage client portfolios and provide financial guidance. Forum Financial Management, Lp is not a registered broker-dealer.

Forum Financial Management, Lp oversees $8.5 billion in assets under management across 21,698 accounts, of which 21,444 are discretionary and 254 are non-discretionary. Over the past year, the firm has provided financial planning services to 5,000 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, and pension consulting services. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, other investment advisers, and corporations, with retail investors being the largest client type by accounts. The fee structure at Forum Financial Management, Lp includes asset-based and fixed fees. The firm has 1,300 high net worth clients and maintains affiliations with an accountant or accounting firm and a lawyer or law firm.

Forum Financial Management, Lp is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Assets Under Management

$8.5 billion

Number of Advisors

89

Disclosures

No

Office Location

1900 South Highland Avenue
Lombard, IL 60148

Forum Financial Management, Lp by the Numbers

Total Assets Under Management

$8.5 billion

National Average: $8.6 billion
Total Number of Employees

145

National Average: 64
Total Number of Accounts

21,698

National Average: 375,227
Average Account Size

$393.2 thousand

National Average: $23.0 thousand
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Products and Services

Forum Financial Management, Lp offers a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, and pension consulting services. In the last financial year, Forum Financial Management, Lp provided financial planning services to 5000 of its customers. The Firm is not involved in selling products or offering services aside from investment advice to its investment advisory clients.

Core Advisor Services

  • 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.

  • 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.

  • 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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Fee Structure

Fees charged by financial advisors usually are based on which services are provided. Fees charged by Forum Financial Management, Lp likely include some combination of the following fee structures: asset-based or fixed.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 32% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm works with a broad range of clients. It works with retail investors, high net worth investors, pension plans, charitable organizations, other investment advisers, and corporations. Out of its 6 clients, Forum Financial Management, Lp's largest client type by number of accounts is high net worth investors, although it also serves 1300 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM or a net worth of at least $1,50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments).

Created with Highcharts 6.0.7
  • High-Net-Worth Individuals* - 24.67%
  • Other Individuals - 72.81%
  • Corporations - 2.37%
  • Charitable Organizations - 0.15%

* 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

Forum Financial Management, Lp does not have any disclosures.

Please visit its Form ADV for more details.

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Created with Highcharts 6.0.7
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Financial Advisors at Forum Financial Management, Lp

John Schultz
Lombard, IL
Christopher Lamia
Thousand Oaks, CA
Raleigh Smith
Miami, FL
Heidi Verbiscer
Lombard, IL
Steven Minturn
Lombard, IL
Mark Schmulen
Lombard, IL
Jeffrey Spokas
San Diego, CA
Jack Grzenia
Lombard, IL
Nicole Campbell
Saint Charles, IL

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The content in this profile was updated by SmartAsset on 6/19/2024. 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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