# Forest Capital

> Forest Capital is an SEC-registered investment advisory firm in Charlotte, NC, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 7, 2026.

- CRD: 325514
- Filed as: FOREST CAPITAL
- Legal name: Forest Capital Operating Company LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Charlotte, NC
- Filing period: October 2026
- Form ADV filing dated: July 7, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/325514
- AdvisorCensus page: https://advisorcensus.com/firm/forest-capital-charlotte-nc-325514

## Quick answers

**How is Forest Capital compensated?**
On its Form ADV (Item 5.E, October 2026), Forest Capital reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Forest Capital located?**
Forest Capital's principal office is in Charlotte, NC, according to its Form ADV.

**Is Forest Capital registered with the SEC or a state?**
Forest Capital is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 325514.

**How much does Forest Capital manage?**
Forest Capital reports $143,151,940 in regulatory assets under management in its Form ADV filing dated July 7, 2026 (100% discretionary).

**How have Forest Capital's assets and staff changed since 2023?**
In the Form ADV data for Forest Capital: Regulatory assets under management: $150,265,532 in the October 2023 data and $143,151,940 in the October 2026 data, down 5%. Total employees: 4 in October 2023 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Forest Capital serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (85); high net worth individuals (67); corporations or other businesses not listed above (2).

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

**Does Forest Capital 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/325514

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

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

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: $143,151,940
- Discretionary: $143,151,940
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 85 | $24,336,233 |
| High net worth individuals | 67 | $109,096,756 |
| Insurance companies | 1 | $2,841,237 |
| Corporations or other businesses not listed above | 2 | $6,877,714 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2023 (3 years)
- Employees: 4 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MO, NC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- forestcapital.net

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $150,265,532 | 4 | June 7, 2023 |
| October 2024 | $159,342,167 | 4 | June 5, 2024 |
| October 2025 | $134,294,975 | 4 | January 8, 2025 |
| October 2026 | $143,151,940 | 4 | July 7, 2026 |

Regulatory assets under management: $150,265,532 in the October 2023 data and $143,151,940 in the October 2026 data, down 5%.
Total employees: 4 in October 2023 and 4 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Forest Capital (CRD 325514): Form ADV filing data as of October 2026.