# Forness Financial LLC

> Forness Financial LLC is an SEC-registered investment advisory firm in Needham, MA, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 6, 2026.

- CRD: 172473
- Filed as: FORNESS FINANCIAL LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Needham, MA
- Filing period: October 2026
- Form ADV filing dated: February 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/172473
- AdvisorCensus page: https://advisorcensus.com/firm/forness-financial-llc-needham-ma-172473

## Quick answers

**How is Forness Financial LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Forness Financial LLC reports these compensation arrangements: a percentage of assets under its management.

**Where is Forness Financial LLC located?**
Forness Financial LLC's principal office is in Needham, MA, according to its Form ADV.

**Is Forness Financial LLC registered with the SEC or a state?**
Forness Financial LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 172473.

**How much does Forness Financial LLC manage?**
Forness Financial LLC reports $202,756,809 in regulatory assets under management in its Form ADV filing dated February 6, 2026 (100% discretionary).

**How have Forness Financial LLC's assets and staff changed since 2021?**
In the Form ADV data for Forness Financial LLC: Regulatory assets under management: $150,000,000 in the October 2021 data and $202,756,809 in the October 2026 data, up 35%. 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 Forness Financial LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (150); high net worth individuals (77).

**Which custodians does Forness Financial LLC use?**
Forness Financial LLC'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 Forness Financial 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/172473

**Does Forness Financial LLC state an account minimum?**
Its Form ADV Part 2A brochure dated February 6, 2026 says: "Forness Financial generally requires a minimum relationship size of $1,000,000, which may be reduced at the sole discretion of the Advisor."

**What changed in Forness Financial LLC's recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $176,247,615 to $202,756,809 (+15%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated February 6, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> Forness Financial generally requires a minimum relationship size of $1,000,000, which may be reduced at the sole discretion of the Advisor.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### 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: $202,756,809
- Discretionary: $202,756,809
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 150 | $63,928,717 |
| High net worth individuals | 77 | $138,828,092 |
| 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) | 0 | $0 |
| 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

### Firm details
- Registered since: 2018 (8 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: FL, MA, NH, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- fornessfinancial.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $150,000,000 | 3 | February 10, 2021 |
| October 2022 | $167,000,000 | 3 | February 21, 2022 |
| October 2023 | $150,669,286 | 3 | July 27, 2023 |
| October 2024 | $157,753,760 | 3 | January 22, 2024 |
| October 2025 | $176,247,615 | 3 | January 21, 2025 |
| October 2026 | $202,756,809 | 3 | February 6, 2026 |

Regulatory assets under management: $150,000,000 in the October 2021 data and $202,756,809 in the October 2026 data, up 35%.
Total employees: 3 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $176,247,615 to $202,756,809 (+15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Forness Financial LLC (CRD 172473): Form ADV filing data as of October 2026.