# Forrest Financial Services

> Forrest Financial Services is an SEC-registered investment advisory firm in Windsor Heights, IA, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 11, 2026.

- CRD: 117546
- Filed as: FORREST FINANCIAL SERVICES
- Legal name: Forrest Financial Services L.L.C.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Windsor Heights, IA
- Filing period: October 2026
- Form ADV filing dated: March 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/117546
- AdvisorCensus page: https://advisorcensus.com/firm/forrest-financial-services-windsor-heights-ia-117546

## Quick answers

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

**Where is Forrest Financial Services located?**
Forrest Financial Services' principal office is in Windsor Heights, IA, according to its Form ADV.

**Is Forrest Financial Services registered with the SEC or a state?**
Forrest Financial Services is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 117546.

**How much does Forrest Financial Services manage?**
Forrest Financial Services reports $154,000,000 in regulatory assets under management in its Form ADV filing dated March 11, 2026 (100% discretionary).

**How have Forrest Financial Services' assets and staff changed since 2025?**
In the Form ADV data for Forrest Financial Services: Regulatory assets under management: $127,000,000 in the October 2025 data and $154,000,000 in the October 2026 data, up 21%. Total employees: 2 in October 2025 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Forrest Financial Services serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (54); high net worth individuals (46).

**Which custodians does Forrest Financial Services use?**
Forrest Financial Services' 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 Forrest Financial Services 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/117546

**Does Forrest Financial Services state an account minimum?**
Its Form ADV Part 2A brochure dated March 11, 2026 says: "Adviser requires a minimum account value of $100,000 to open and maintain an account."

**What changed in Forrest Financial Services' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $127,000,000 to $154,000,000 (+21%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 11, 2026)

- Account minimum: $100,000

> Adviser requires a minimum account value of $100,000 to open and maintain an account.

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: $154,000,000
- Discretionary: $154,000,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 54 | $44,000,000 |
| High net worth individuals | 46 | $110,000,000 |
| 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
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2025 (1 year)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $127,000,000 | 2 | June 24, 2025 |
| October 2026 | $154,000,000 | 2 | March 11, 2026 |

Regulatory assets under management: $127,000,000 in the October 2025 data and $154,000,000 in the October 2026 data, up 21%.
Total employees: 2 in October 2025 and 2 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $127,000,000 to $154,000,000 (+21%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Forrest Financial Services (CRD 117546): Form ADV filing data as of October 2026.