Forness Financial provides financial planning, portfolio management for individuals and small businesses, education planning, and insurance.
Forness Financial reports 227 clients. They include 150 individual clients and 77 high-net-worth individuals. Of its assets, 100.0% ($203M across 680 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $203M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 66% | 32% |
| High-net-worth individuals | 34% | 68% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 150 | $63.9M | 31.5% | $426K |
| High-net-worth individuals | 77 | $139M | 68.5% | $1.8M |
| Total | 227 | $203M | 100% | $893K |
- Clients
- 150
- Regulatory AUM
- $63.9M
- AUM share
- 31.5%
- Avg. per client
- $426K
- Clients
- 77
- Regulatory AUM
- $139M
- AUM share
- 68.5%
- Avg. per client
- $1.8M
Total
- Clients
- 227
- Regulatory AUM
- $203M
- AUM share
- 100%
- Avg. per client
- $893K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Forness Financial charges 0.25%–1.00% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$2M | 0.50% |
| $2M and above | 0.25% |
Fee details and sources
Ryan Forness owns 50% to 75% of Forness Financial. The leadership team of Forness Financial includes Chief Compliance Officer Ryan Forness. It has 3 employees.
Leadership
Ryan FornessManaging Principal and Chief Compliance Officer
Norman FornessManaging Principal
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 3 employees
- 3 in advisory functions
- 3 state-registered reps
- 3 insurance agents
- Owns 50% to 75% of Forness Financial LLC
Ryan Forness
Control person · since September 2014
- Owns 50% to 75% of Forness Financial LLC
Norman Forness
Control person · since September 2014
Forness Financial’s regulatory assets grew from $150M (February 2021) to $203M (February 2026); clients rose from 201 to 227 and employees were 3 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $203M | 227 | 3 | 1 |
| January 2025 | $176M | 227 | 3 | 1 |
| January 2024 | $158M | 229 | 3 | 1 |
| July 2023 | $151M | 224 | 3 | 1 |
| February 2022 | $167M | 232 | 3 | 1 |
| February 2021 | $150M | 201 | 3 | 1 |
Besides its headquarters, Forness Financial has 0 offices, with 1 listed address in Massachusetts.
Massachusetts · 1 listed address
- 105 Chestnut Street, Suite 37, NeedhamHQ
Contact and registration details
- Legal name
- Forness Financial LLC
- Headquarters
- 105 Chestnut Street, Suite 37, Needham, MA 02492
- Website
- fornessfinancial.com
- Phone
- 781-400-2604
- SEC file
- 801-112637
- Founded
- 2014
- Structure
- Massachusetts LLC
- Fiscal year end
- December
Forness Financial uses Charles Schwab ($203M) as custodian for its separately managed accounts. Forness Financial does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Omaha, NE · $203M100%
At year end, Forness Financial’s separately managed accounts were mostly in funds (64%) and stocks (31%).
What the accounts hold
- Stocks31%
- Funds64%
- Bonds1%
- Cash4%
How many clients does Forness Financial have?
Forness Financial has 227 clients and manages $203 million for them, as of February 2026. They include 150 individual clients and 77 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 February 2026
What services does Forness Financial offer?
Forness Financial provides financial planning, portfolio management for individuals and small businesses, education planning, and insurance.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Forness Financial charge?
Forness Financial charges 0.25%–1.00% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Source: FORNESS DISCLOSURE BROCHURE AND SUPPLEMENTS, filed 6 February 2026
Which custodians does Forness Financial use?
Forness Financial’s separately managed account assets are held at Charles Schwab & Co., Inc. (Omaha, NE), with $203M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 February 2026
How many financial advisors does Forness Financial have?
Forness Financial has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Forness Financial invest in?
At the end of its last fiscal year, Forness Financial’s separately managed accounts held 64% registered funds (mutual funds, ETFs, BDCs), 31% exchange-traded equities, 4% cash and equivalents and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Forness Financial?
Forness Financial’s direct owners are Ryan Forness (50% to 75%) and Norman Forness (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 6 February 2026
How does Forness Financial get paid?
Forness Financial is paid through a percentage of assets under management. 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 Forness Financial registered with the SEC?
Yes, Forness Financial has been registered with the SEC as an investment adviser since 16 March 2018. Its CRD number is 172473 and its SEC file number is 801-112637.
Source: Form ADV Part 1A, Item 1, filed 6 February 2026; IAPD firm record
How do I contact Forness Financial?
Forness Financial’s main office is at 105 Chestnut Street, Suite 37, Needham, MA 02492. Its phone number is 781-400-2604. Its website is fornessfinancial.com.