Forbes Financial Planning provides financial planning, portfolio management for individuals and small businesses, and pension consulting. Financial planning was provided to 251–500 clients last fiscal year.
Forbes Financial Planning reports 887 clients. They include 462 individual clients, 409 high-net-worth individuals and 16 other clients. Of its assets, 100.0% ($241M across 887 accounts) are managed with discretion. It advised 11 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 52% | 27% |
| High-net-worth individuals | 46% | 71% |
| Other | 2% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 462 | $65.9M | 27.4% | $143K |
| High-net-worth individuals | 409 | $172M | 71.4% | $420K |
| Other | 16 | $2.84M | 1.2% | $178K |
| Total | 887 | $241M | 100% | $271K |
- Clients
- 462
- Regulatory AUM
- $65.9M
- AUM share
- 27.4%
- Avg. per client
- $143K
- Clients
- 409
- Regulatory AUM
- $172M
- AUM share
- 71.4%
- Avg. per client
- $420K
- Clients
- 16
- Regulatory AUM
- $2.84M
- AUM share
- 1.2%
- Avg. per client
- $178K
Total
- Clients
- 887
- Regulatory AUM
- $241M
- AUM share
- 100%
- Avg. per client
- $271K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 11
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Forbes Financial Planning charges 0.75%–1.10% a year for its Investment Management Services. The fee is billed in advance. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- A comprehensive financial plan is a fixed $4,000 the first year ($2,000 setup, then $500 a quarter), or billed hourly at $400.
- Pension Consulting
- Pension consulting is a fixed quarterly fee based on investment options, meetings and participants; fees may be negotiable.
Daniel Forbes owns 75% or more of Forbes Financial Planning. The leadership team of Forbes Financial Planning includes President Daniel Forbes. It has 3 employees, 1 of them in advisory roles.
Leadership
- Daniel ForbesPresident/CCO
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
Staff
- 3 employees
- 1 in advisory functions
- 1 state-registered rep
- 1 insurance agent
- Owns 75% or more of Forbes Financial Planning, Inc.
Daniel Forbes
Control person · since March 2007
Forbes Financial Planning’s regulatory assets grew 1.7× from $143M (May 2021) to $241M (March 2026); clients rose from 698 to 887 and employees from 2 to 3.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $241M | 887 | 3 | 1 |
| March 2025 | $196M | 867 | 3 | 1 |
| March 2024 | $176M | 851 | 4 | 1 |
| March 2023 | $152M | 862 | 4 | 1 |
| March 2022 | $166M | 800 | 2 | 1 |
| May 2021 | $143M | 698 | 2 | 1 |
Besides its headquarters, Forbes Financial Planning has 0 offices, with 1 listed address in Rhode Island.
Rhode Island · 1 listed address
- 660 Main Street, Unit C-3, East GreenwichHQ
Contact and registration details
- Legal name
- Forbes Financial Planning, Inc.
- Headquarters
- 660 Main Street, Unit C-3, East Greenwich, RI 02818
- Website
- forbesplanning.com
- Phone
- 401-885-7300
- @forbes-financial-planning-inc
- SEC file
- 801-117958
- Structure
- Rhode Island corporation
- Fiscal year end
- December
Forbes Financial Planning uses Fidelity ($193M) as custodian for its separately managed accounts. Forbes Financial Planning has custody of $3.14M in client assets for 6 clients.
- FidelityNational Financial Services LLC · Boston, MA · $193M100%
At year end, Forbes Financial Planning’s separately managed accounts were mostly in stocks (69%) and funds (22%). Its reported 13F holdings for the quarter ended 30 June 2026 total $186M across 38 positions; the largest are iShares TR (9.2%), Fidelity Merrimack Str TR (8.8%) and Vanguard Scottsdale Fds (8.6%).
What the accounts hold
- Stocks69%
- Funds22%
- Cash7%
- Other2%
- Managed variable annuities2%
Reported 13F holdings
- $186M
- Reported 13F value
- 38
- Positions
- 69.9%
- In the 10 largest
- +7.7%
- Value vs. prior quarter
- iShares TR · Core S&P500 ETF9.2%
- Fidelity Merrimack Str TR · Total BD ETF8.8%
- Vanguard Scottsdale Fds · Shrt Trm Corp. BD8.6%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt7.5%
- Vanguard Index Fds · SM CP Val ETF7.0%
- Fidelity Covington Trust · Enhanced Intl6.3%
- Vanguard Index Fds · Value ETF6.1%
- iShares TR · Core Div Grwth6.1%
- Vanguard Index Fds · Sml CP Grw ETF5.9%
- SPDR Series Trust · ST Inter BD ETF4.5%
Together, the ten largest are 69.9% of reported value.
How many clients does Forbes Financial Planning have?
Forbes Financial Planning has 887 clients and manages $241 million for them, as of March 2026. They include 462 individual clients, 409 high-net-worth individuals and 16 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Forbes Financial Planning offer?
Forbes Financial Planning provides financial planning, portfolio management for individuals and small businesses, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Forbes Financial Planning charge?
Forbes Financial Planning charges 0.75%–1.10% a year for its Investment Management Services. The fee is billed in advance.
Source: FORBES FINANCIAL PLANNING BROCHURE, filed 30 March 2026
Which custodians does Forbes Financial Planning use?
Forbes Financial Planning’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $193M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Forbes Financial Planning have?
Forbes Financial Planning has 1 investment adviser representative registered with state securities authorities, out of 3 employees, and 1 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Forbes Financial Planning invest in?
At the end of its last fiscal year, Forbes Financial Planning’s separately managed accounts held 69% exchange-traded equities, 22% registered funds (mutual funds, ETFs, BDCs), 7% cash and equivalents and 2% other. The 2% other category is described as: Managed Variable Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Forbes Financial Planning?
Forbes Financial Planning’s direct owner is Daniel Forbes (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Forbes Financial Planning get paid?
Forbes Financial Planning is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Forbes Financial Planning registered with the SEC?
Yes, Forbes Financial Planning has been registered with the SEC as an investment adviser since 21 January 2020. Its CRD number is 143912 and its SEC file number is 801-117958.
Source: Form ADV Part 1A, Item 1, filed 30 March 2026; IAPD firm record
How do I contact Forbes Financial Planning?
Forbes Financial Planning’s main office is at 660 Main Street, Unit C-3, East Greenwich, RI 02818. Its phone number is 401-885-7300. Its website is forbesplanning.com.