{
  "crd_number": 343208,
  "slug": "liberty-forge-llc-boston-ma-343208",
  "primary_business_name": "LIBERTY FORGE LLC",
  "legal_name": "LIBERTY FORGE LLC",
  "dbas": [
    "CIVIC FINANCIAL"
  ],
  "city": "Boston",
  "state": "MA",
  "country": "United States",
  "cbsa_code": "14460",
  "metro": {
    "cbsa_code": "14460",
    "common_name": "Boston",
    "msa_name": "Boston-Cambridge-Newton, MA-NH",
    "path": "/advisors/ma/boston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2026-07-13",
  "years_registered": 0,
  "period": "2026-10-01",
  "filing_date": "2026-08-25",
  "carried_forward": false,
  "raum_total": 250802244.0,
  "raum_discretionary": 250802244.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 9,
  "advisory_employees": 5,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 12539941.0,
      "count": 52
    },
    "high_net_worth_individuals": {
      "raum": 238262303.0,
      "count": 146
    }
  },
  "compensation_types": [
    "commissions",
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CT",
    "FL",
    "GA",
    "IA",
    "IL",
    "MA",
    "NH",
    "NJ",
    "NY",
    "PA",
    "RI",
    "TX",
    "VT"
  ],
  "websites": [
    "https://civicfinancial.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/343208",
  "city_as_filed": "BOSTON",
  "url": "https://advisorcensus.com/firm/liberty-forge-llc-boston-ma-343208",
  "display_name": "Liberty Forge LLC",
  "summary": "Liberty Forge LLC is an SEC-registered investment advisory firm in Boston, MA, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 25, 2026.",
  "citation": "AdvisorCensus. Liberty Forge LLC (CRD 343208): 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)",
    "Commissions"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Liberty Forge LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Liberty Forge LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); commissions."
    },
    {
      "q": "What does Liberty Forge LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated August 25, 2026 states: Asset-based fee: up to 1.85% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Liberty Forge LLC located?",
      "a": "Liberty Forge LLC's principal office is in Boston, MA, according to its Form ADV."
    },
    {
      "q": "Is Liberty Forge LLC registered with the SEC or a state?",
      "a": "Liberty Forge LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 343208."
    },
    {
      "q": "How much does Liberty Forge LLC manage?",
      "a": "Liberty Forge LLC reports $250,802,244 in regulatory assets under management in its Form ADV filing dated August 25, 2026 (100% discretionary)."
    },
    {
      "q": "What types of clients does Liberty Forge LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (146); individuals (other than high net worth individuals) (52)."
    },
    {
      "q": "Which custodians does Liberty Forge LLC use?",
      "a": "Liberty Forge LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Altruist Financial LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Liberty Forge LLC 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/343208"
    },
    {
      "q": "Does Liberty Forge LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated August 25, 2026 says: \"Generally, Civic Financial requires clients to maintain a household minimum of $1,000,000 in assets under management to maintain an investment advisory relationship with the Firm, but the Firm reserves the right to waive or reduce such minimum in its sole and absolute discretion.\""
    },
    {
      "q": "What changed in Liberty Forge LLC's recent Form ADV filings?",
      "a": "In the September 2026 filing data: Employees performing advisory functions went from 4 to 5. Regulatory assets under management went from $0 to $250,802,244."
    }
  ],
  "filing_history": [],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Employees performing advisory functions went from 4 to 5.",
        "Regulatory assets under management went from $0 to $250,802,244."
      ]
    },
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Added the business name Civic Financial.",
        "Newly registered with the SEC.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated August 25, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "1.85% of assets a year",
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 1.85% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "Civic Financial offers investment management and Wealth Management services for an annual fee (“management fee”) based on the amount of assets under Civic Financial’s management. The annual fee will not exceed 1.85% per annum."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Generally, Civic Financial requires clients to maintain a household minimum of $1,000,000 in assets under management to maintain an investment advisory relationship with the Firm, but the Firm reserves the right to waive or reduce such minimum in its sole and absolute discretion."
        ]
      }
    ],
    "quotes": [
      "Civic Financial offers investment management and Wealth Management services for an annual fee (“management fee”) based on the amount of assets under Civic Financial’s management. The annual fee will not exceed 1.85% per annum.",
      "Generally, Civic Financial requires clients to maintain a household minimum of $1,000,000 in assets under management to maintain an investment advisory relationship with the Firm, but the Firm reserves the right to waive or reduce such minimum in its sole and absolute discretion."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Altruist Financial LLC",
      "name_as_filed": "ALTRUIST FINANCIAL 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/liberty-forge-llc-boston-ma-343208.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 52,
      "fewer_than_5": false,
      "raum": 12539941.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 146,
      "fewer_than_5": false,
      "raum": 238262303.0
    }
  ],
  "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/343208",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}