# Wela Financial Advisory

> Wela Financial Advisory is an SEC-registered investment advisory firm in San Antonio, TX, registered since 2011, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 24, 2026.

- CRD: 126266
- Filed as: WELA FINANCIAL ADVISORY
- Legal name: Brent Forrest & Associates, L.L.C.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Antonio, TX
- Filing period: October 2026
- Form ADV filing dated: July 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/126266
- AdvisorCensus page: https://advisorcensus.com/firm/wela-financial-advisory-san-antonio-tx-126266

## Quick answers

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

**How much does Wela Financial Advisory charge?**
Its Form ADV Part 2A brochure dated July 23, 2026 states: Asset-based fee: up to 1% of assets a year (the maximum the brochure states); Hourly rate: $250 an hour (designated financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Wela Financial Advisory located?**
Wela Financial Advisory's principal office is in San Antonio, TX, according to its Form ADV.

**Is Wela Financial Advisory registered with the SEC or a state?**
Wela Financial Advisory is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 126266.

**How much does Wela Financial Advisory manage?**
Wela Financial Advisory reports $657,087,013 in regulatory assets under management in its Form ADV filing dated July 24, 2026 (100% discretionary).

**How have Wela Financial Advisory's assets and staff changed since 2021?**
In the Form ADV data for Wela Financial Advisory: Regulatory assets under management: $497,471,229 in the October 2021 data and $657,087,013 in the October 2026 data, up 32%. Total employees: 7 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Wela Financial Advisory serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (385); high net worth individuals (52); pension and profit sharing plans (but not the plan participants or government pension plans) (4).

**Which custodians does Wela Financial Advisory use?**
Wela Financial Advisory'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 Wela Financial Advisory 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/126266

**Does Wela Financial Advisory state an account minimum?**
Its Form ADV Part 2A brochure dated July 23, 2026 says: "A minimum of $300,000 is required to open and maintain individual account/s. We may waive account minimums at our sole discretion."

**What changed in Wela Financial Advisory's recent Form ADV filings?**
In the June 2026 filing data: Employees performing advisory functions went from 2 to 3.

## 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 July 23, 2026)

- Asset-based fee: up to 1% of assets a year (the maximum the brochure states)

> Our investment advisory fees shall not exceed 1% annually. The specific fees are set forth in your Investment Advisory Agreement. In certain circumstances, our fees and their timing may be negotiated.

- Account minimum: $300,000 (the brochure says it may be waived or negotiated)

> A minimum of $300,000 is required to open and maintain individual account/s. We may waive account minimums at our sole discretion.

- Hourly rate: $250 an hour (designated financial planning services)

> Your fee for the designated financial planning services is an hourly rate agreement. ... Our hourly rate is $250.

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: $657,087,013
- Discretionary: $657,087,013
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 385 | $122,157,527 |
| High net worth individuals | 52 | $527,799,548 |
| 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) | 4 | $2,500,000 |
| Charitable organizations | 2 | $2,500,000 |
| 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 | 3 | $2,129,938 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 2011 (15 years)
- Employees: 9 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, GA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $497,471,229 | 7 | April 7, 2021 |
| October 2022 | $584,195,582 | 7 | July 13, 2022 |
| October 2023 | $458,687,899 | 8 | September 13, 2023 |
| October 2024 | $505,807,555 | 6 | September 18, 2024 |
| October 2025 | $525,861,255 | 6 | July 24, 2025 |
| October 2026 | $657,087,013 | 9 | July 24, 2026 |

Regulatory assets under management: $497,471,229 in the October 2021 data and $657,087,013 in the October 2026 data, up 32%.
Total employees: 7 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Employees performing advisory functions went from 2 to 3.

### March 2026
- Employees performing advisory functions went from 3 to 2.
- Regulatory assets under management went from $525,861,255 to $657,087,013 (+25%).

### December 2025
- Employees performing advisory functions went from 2 to 3.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Wela Financial Advisory (CRD 126266): Form ADV filing data as of October 2026.