{
  "crd_number": 145706,
  "slug": "forum-financial-management-lp-lombard-il-145706",
  "primary_business_name": "FORUM FINANCIAL MANAGEMENT, LP",
  "legal_name": "FORUM FINANCIAL MANAGEMENT, LP",
  "dbas": [
    "FORUM",
    "FORUM FINANCIAL",
    "WEALTH ADVISER ALLIANCE"
  ],
  "city": "Lombard",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2009-03-09",
  "years_registered": 17,
  "period": "2026-10-01",
  "filing_date": "2026-09-14",
  "carried_forward": false,
  "raum_total": 8690717334.0,
  "raum_discretionary": 8690717334.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 143,
  "advisory_employees": 94,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 12598826.0,
      "count": 9
    },
    "individuals": {
      "raum": 1434974016.0,
      "count": 3903
    },
    "banking_thrift": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 28088184.0,
      "count": 121
    },
    "other_investment_advisers": {
      "raum": 1237880643.0,
      "count": 13
    },
    "high_net_worth_individuals": {
      "raum": 5670226181.0,
      "count": 1719
    },
    "corporations_other_businesses": {
      "raum": 306949484.0,
      "count": 76
    },
    "sovereign_wealth_foreign_official": {
      "raum": null,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://facebook.com/ForumFin",
    "https://forumadvisoralliance.com",
    "https://forumfinancial.com",
    "https://linkedin.com/COMPANY/FORUM-FINANCIAL-MANAGEMENT-LLC",
    "https://linkedin.com/company/forum-advisor-alliance",
    "https://schoolofhardknocksinvesting.com",
    "https://twitter.com/forumfinancial",
    "https://youtube.com/@ForumAdvisorAlliance"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/145706",
  "city_as_filed": "LOMBARD",
  "url": "https://advisorcensus.com/firm/forum-financial-management-lp-lombard-il-145706",
  "display_name": "Forum Financial Management, LP",
  "summary": "Forum Financial Management, LP is an SEC-registered investment advisory firm in Lombard, IL, registered since 2009, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 14, 2026.",
  "citation": "AdvisorCensus. Forum Financial Management, LP (CRD 145706): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services"
  ],
  "quick_answers": [
    {
      "q": "How is Forum Financial Management, LP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Forum Financial Management, LP reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Forum Financial Management, LP located?",
      "a": "Forum Financial Management, LP's principal office is in Lombard, IL, according to its Form ADV; the October 2026 filing also lists 31 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Forum Financial Management, LP registered with the SEC or a state?",
      "a": "Forum Financial Management, LP is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 145706."
    },
    {
      "q": "How much does Forum Financial Management, LP manage?",
      "a": "Forum Financial Management, LP reports $8,690,717,334 in regulatory assets under management in its Form ADV filing dated September 14, 2026 (100% discretionary)."
    },
    {
      "q": "How have Forum Financial Management, LP's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Forum Financial Management, LP: Regulatory assets under management: $6,612,969,159 in the October 2021 data and $8,690,717,334 in the October 2026 data, up 31%. Total employees: 118 in October 2021 and 143 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Forum Financial Management, LP serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (3,903); high net worth individuals (1,719); pension and profit sharing plans (but not the plan participants or government pension plans) (121)."
    },
    {
      "q": "Which custodians does Forum Financial Management, LP use?",
      "a": "Forum Financial Management, LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Forum Financial Management, LP report any disciplinary disclosures?",
      "a": "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/145706"
    },
    {
      "q": "What changed in Forum Financial Management, LP's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Added an office in Modesto, CA. No longer lists an office in Oakdale, CA."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 6612969159.0,
      "total_employees": 118,
      "filing_date": "2021-08-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 7399287639.0,
      "total_employees": 135,
      "filing_date": "2022-09-23"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 7005564651.0,
      "total_employees": 125,
      "filing_date": "2023-09-19"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 8531276819.0,
      "total_employees": 145,
      "filing_date": "2024-09-19"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 9030636924.0,
      "total_employees": 140,
      "filing_date": "2025-07-07"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 8690717334.0,
      "total_employees": 143,
      "filing_date": "2026-09-14"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Added an office in Modesto, CA.",
        "No longer lists an office in Oakdale, CA."
      ]
    },
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Added an office in East Moline, IL.",
        "Added an office in Lakewood, CO.",
        "Added an office in Las Vegas, NV."
      ]
    },
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Added an office in Reno, NV.",
        "No longer lists an office in Los Angeles, CA."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 87 to 94.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Changed its office addresses in Itasca, IL.",
        "Added an office in Ashland, OR."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Changed its office addresses in Orland Park, IL.",
        "Added an office in Los Angeles, CA.",
        "Added an office in Northbrook, IL.",
        "Added an office in Roswell, GA.",
        "No longer lists an office in Skokie, IL."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/forum-financial-management-lp-lombard-il-145706.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 3903,
      "fewer_than_5": false,
      "raum": 1434974016.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1719,
      "fewer_than_5": false,
      "raum": 5670226181.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 121,
      "fewer_than_5": false,
      "raum": 28088184.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 9,
      "fewer_than_5": false,
      "raum": 12598826.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 13,
      "fewer_than_5": false,
      "raum": 1237880643.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": null
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 76,
      "fewer_than_5": false,
      "raum": 306949484.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/145706",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}