# Forest Asset Management LLC

> Forest Asset Management LLC is an SEC-registered investment advisory firm in Riverside, IL, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 9, 2026.

- CRD: 139795
- Filed as: FOREST ASSET MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Riverside, IL
- Filing period: October 2026
- Form ADV filing dated: September 9, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/139795
- AdvisorCensus page: https://advisorcensus.com/firm/forest-asset-management-llc-riverside-il-139795

## Quick answers

**How is Forest Asset Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Forest Asset Management LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Forest Asset Management LLC located?**
Forest Asset Management LLC's principal office is in Riverside, IL, according to its Form ADV.

**Is Forest Asset Management LLC registered with the SEC or a state?**
Forest Asset Management LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 139795.

**How much does Forest Asset Management LLC manage?**
Forest Asset Management LLC reports $230,712,776 in regulatory assets under management in its Form ADV filing dated September 9, 2026 (100% discretionary).

**How have Forest Asset Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Forest Asset Management LLC: Regulatory assets under management: $130,511,895 in the October 2021 data and $230,712,776 in the October 2026 data, up 77%. Total employees: 3 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Forest Asset Management LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (55); individuals (other than high net worth individuals) (51); pension and profit sharing plans (but not the plan participants or government pension plans) (8).

**Which custodians does Forest Asset Management LLC use?**
Forest Asset Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Forest Asset Management LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/139795

**What changed in Forest Asset Management LLC's recent Form ADV filings?**
In the October 2026 filing data: Registered or notice-filed in FL.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- National Financial Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $230,712,776
- Discretionary: $230,712,776
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 51 | $22,731,658 |
| High net worth individuals | 55 | $196,988,980 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 8 | $10,992,138 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2021 (5 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, IL, IN, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- forestasset.com
- YouTube @UCDoDhRYYe3aIhGKtk7p2CNw

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $130,511,895 | 3 | March 23, 2021 |
| October 2022 | $159,120,590 | 3 | February 11, 2022 |
| October 2023 | $151,887,502 | 3 | March 23, 2023 |
| October 2024 | $184,587,707 | 3 | April 10, 2024 |
| October 2025 | $198,305,621 | 3 | June 30, 2025 |
| October 2026 | $230,712,776 | 3 | September 9, 2026 |

Regulatory assets under management: $130,511,895 in the October 2021 data and $230,712,776 in the October 2026 data, up 77%.
Total employees: 3 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Registered or notice-filed in FL.

### September 2026
- Registered or notice-filed in TX.

### March 2026
- Regulatory assets under management went from $198,305,621 to $230,712,776 (+16%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Forest Asset Management LLC (CRD 139795): Form ADV filing data as of October 2026.