# Forum Financial Management, LP

> 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.

- CRD: 145706
- Filed as: FORUM FINANCIAL MANAGEMENT, LP
- Also doing business as: FORUM, FORUM FINANCIAL, WEALTH ADVISER ALLIANCE
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lombard, IL
- Filing period: October 2026
- Form ADV filing dated: September 14, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/145706
- AdvisorCensus page: https://advisorcensus.com/firm/forum-financial-management-lp-lombard-il-145706

## Quick answers

**How is Forum Financial Management, LP compensated?**
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).

**Where is Forum Financial Management, LP located?**
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).

**Is Forum Financial Management, LP registered with the SEC or a state?**
Forum Financial Management, LP is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 145706.

**How much does Forum Financial Management, LP manage?**
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).

**How have Forum Financial Management, LP's assets and staff changed since 2021?**
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.

**What types of clients does Forum Financial Management, LP serve?**
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).

**Which custodians does Forum Financial Management, LP use?**
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.

**Does Forum Financial Management, LP 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/145706

**What changed in Forum Financial Management, LP's recent Form ADV filings?**
In the October 2026 filing data: Added an office in Modesto, CA. No longer lists an office in Oakdale, CA.

## From the Form ADV filing

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

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

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: $8,690,717,334
- Discretionary: $8,690,717,334
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 3,903 | $1,434,974,016 |
| High net worth individuals | 1,719 | $5,670,226,181 |
| Banking or thrift institutions | Fewer than 5 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 121 | $28,088,184 |
| Charitable organizations | 9 | $12,598,826 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | Not reported |
| Other investment advisers | 13 | $1,237,880,643 |
| Insurance companies | Fewer than 5 | Not reported |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | Not reported |
| Corporations or other businesses not listed above | 76 | $306,949,484 |

### 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
- Pension consulting services

### Firm details
- Registered since: 2009 (17 years)
- Employees: 143 total, 94 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Ashland, OR
- Chicago, IL
- Cohoes, NY
- Denver, CO
- East Moline, IL
- Edmonds, WA
- High Point, NC
- Itasca, IL
- Joliet, IL
- Lake Forest, IL
- Lakewood, CO
- Las Vegas, NV
- Lisle, IL
- Manalapan, NJ
- Menlo Park, CA
- Mequon, WI
- Midlothian, VA
- Modesto, CA
- Naperville, IL
- Northbrook, IL
- Northfield, IL
- Oak Brook, IL
- Orland Park, IL
- Red Bank, NJ
- Reno, NV
- Roswell, GA
- Saint Charles, IL
- Sarasota, FL
- Scottsdale, AZ
- Sonora, CA
- Thousand Oaks, CA

### Websites listed on Form ADV (Item 1.I)
- forumadvisoralliance.com
- forumfinancial.com
- schoolofhardknocksinvesting.com
- Facebook @ForumFin
- LinkedIn @FORUM-FINANCIAL-MANAGEMENT-LLC
- LinkedIn @forum-advisor-alliance
- X @forumfinancial
- YouTube @ForumAdvisorAlliance

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $6,612,969,159 | 118 | August 24, 2021 |
| October 2022 | $7,399,287,639 | 135 | September 23, 2022 |
| October 2023 | $7,005,564,651 | 125 | September 19, 2023 |
| October 2024 | $8,531,276,819 | 145 | September 19, 2024 |
| October 2025 | $9,030,636,924 | 140 | July 7, 2025 |
| October 2026 | $8,690,717,334 | 143 | September 14, 2026 |

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.

## Changes in the filing (last 12 months)

### October 2026
- Added an office in Modesto, CA.
- No longer lists an office in Oakdale, CA.

### September 2026
- Added an office in East Moline, IL.
- Added an office in Lakewood, CO.
- Added an office in Las Vegas, NV.

### May 2026
- Added an office in Reno, NV.
- No longer lists an office in Los Angeles, CA.

### April 2026
- Employees performing advisory functions went from 87 to 94.
- Updated its list of owners and control persons (Schedule A).

### March 2026
- Changed its office addresses in Itasca, IL.
- Added an office in Ashland, OR.

### December 2025
- 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Forum Financial Management, LP (CRD 145706): Form ADV filing data as of October 2026.