# Forthright Capital

> Forthright Capital is an SEC-registered investment advisory firm in Las Vegas, NV, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 25, 2026.

- CRD: 323596
- Filed as: FORTHRIGHT CAPITAL
- Legal name: Forthright Capital Advisory LLC
- Also doing business as: BERKOWITZ CAPITAL LLC, PIRSOS INVESTMENT ADVISORY, RETIRE LAB LLC, ROWDEN FINANCIAL, SMITH'S WEALTH MANAGEMENT, TEACHERS' PATH FINANCIAL PLANNING
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Las Vegas, NV
- Filing period: October 2026
- Form ADV filing dated: August 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/323596
- AdvisorCensus page: https://advisorcensus.com/firm/forthright-capital-las-vegas-nv-323596

## Quick answers

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

**Where is Forthright Capital located?**
Forthright Capital's principal office is in Las Vegas, NV, according to its Form ADV.

**Is Forthright Capital registered with the SEC or a state?**
Forthright Capital is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 323596.

**How much does Forthright Capital manage?**
Forthright Capital reports $107,686,977 in regulatory assets under management in its Form ADV filing dated August 25, 2026 (100% discretionary).

**How have Forthright Capital's assets and staff changed since 2023?**
In the Form ADV data for Forthright Capital: Regulatory assets under management: $26,708,230 in the October 2023 data and $107,686,977 in the October 2026 data, up 303%. Total employees: 34 in October 2023 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Forthright Capital serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (969); high net worth individuals (9); pension and profit sharing plans (but not the plan participants or government pension plans) (5).

**Which custodians does Forthright Capital use?**
Forthright 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 Forthright 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/323596

**Does Forthright Capital state an account minimum?**
Its Form ADV Part 2A brochure dated August 25, 2026 says: "We do not have a minimum account size requirement."

**What changed in Forthright Capital's recent Form ADV filings?**
In the September 2026 filing data: Updated its list of owners and control persons (Schedule A).

## 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 August 25, 2026)

- Account minimum: None

> We do not have a minimum account size requirement.

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: $107,686,977
- Discretionary: $107,686,977
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 969 | $83,279,033 |
| High net worth individuals | 9 | $22,941,570 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 5 | $240,517 |
| Corporations or other businesses not listed above | 4 | $1,225,857 |

### 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: 2023 (3 years)
- Employees: 22 total, 21 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AR, AZ, CA, CT, FL, GA, HI, IA, IL, MA, MD, MI, MO, NC, NE, NJ, NV, NY, OH, OR, PA, RI, SC, TN, TX, UT, VA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- forthrightcps.com
- LinkedIn @forthright-capital-partners
- YouTube @Retirewithcharles

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $26,708,230 | 34 | September 6, 2023 |
| October 2024 | $26,466,902 | 32 | July 30, 2024 |
| October 2025 | $64,985,533 | 28 | May 16, 2025 |
| October 2026 | $107,686,977 | 22 | August 25, 2026 |

Regulatory assets under management: $26,708,230 in the October 2023 data and $107,686,977 in the October 2026 data, up 303%.
Total employees: 34 in October 2023 and 22 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $64,985,533 to $107,686,977 (+66%).
- Employees performing advisory functions went from 28 to 21.

### February 2026
- Registered or notice-filed in IA.

### December 2025
- Registered or notice-filed in RI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Forthright Capital (CRD 323596): Form ADV filing data as of October 2026.