Forthright Capital Advisory provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 11–25 clients last fiscal year.
Forthright Capital Advisory reports 987 clients. They include 969 individual clients, 9 high-net-worth individuals, and 5 pension and profit-sharing plans. Of its assets, 100.0% ($108M across 1,363 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 98% | 77% |
| High-net-worth individuals | <1% | 21% |
| Pension and profit-sharing plans | <1% | <1% |
| Corporations and other businesses | <1% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 969 | $83.3M | 77.3% | $85.9K |
| High-net-worth individuals | 9 | $22.9M | 21.3% | $2.55M |
| Pension and profit-sharing plans | 5 | $241K | 0.2% | $48.1K |
| Corporations and other businesses | 4 | $1.23M | 1.1% | $306K |
| Total | 987 | $108M | 100% | $109K |
- Clients
- 969
- Regulatory AUM
- $83.3M
- AUM share
- 77.3%
- Avg. per client
- $85.9K
- Clients
- 9
- Regulatory AUM
- $22.9M
- AUM share
- 21.3%
- Avg. per client
- $2.55M
- Clients
- 5
- Regulatory AUM
- $241K
- AUM share
- 0.2%
- Avg. per client
- $48.1K
- Clients
- 4
- Regulatory AUM
- $1.23M
- AUM share
- 1.1%
- Avg. per client
- $306K
Total
- Clients
- 987
- Regulatory AUM
- $108M
- AUM share
- 100%
- Avg. per client
- $109K
- 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
- 11–25
Forthright Capital Advisory is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- Hourly financial planning
- Hourly rate of $300 per hour, negotiable based on client complexity, due at completion of the engagement.
- Ongoing financial planning
- $1,000 upfront charge, then $250 per month, paid monthly in arrears; may be negotiable based on client complexity.
- Project-based financial planning
- Fixed fee from $2,000 to $10,000 depending on project complexity; half due at the start; negotiable.
Edmund Leung owns 25% to 50% of Forthright Capital Advisory. The leadership team of Forthright Capital Advisory includes Chief Compliance Officer Richard Reed. It has 22 employees, 21 of them in advisory roles.
Staff
- 22 employees
- 21 in advisory functions
- 21 state-registered reps
- 21 insurance agents
- Owns 25% to 50% of Forthright Capital Advisory LLC
Edmund Leung
Control person · since September 2022
- Owns 25% to 50% of Forthright Capital Advisory LLC
Bliss Rivera
Control person · since September 2022
- Owns 25% to 50% of Forthright Capital Advisory LLC
Jaime Amores
Control person · since September 2022
Forthright Capital Advisory’s regulatory assets grew 4.0× from $26.7M (August 2023) to $108M (August 2026); clients rose from 103 to 987 and employees fell from 34 to 22.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $108M | 987 | 22 | 20 |
| May 2025May 2025 | $65M | 636 | 28 | 17 |
| Jul 2024July 2024 | $26.5M | 258 | 32 | 17 |
| Aug 2023August 2023 | $26.7M | 103 | 34 | 14 |
Besides its headquarters, Forthright Capital Advisory has 19 offices (19 private residences, listed without an address), with 1 listed address in 1 state.
Nevada · 1 listed address
- 7251 W Lake Mead BLVD, Ste 300, Las VegasHQ
Other business names
Forthright Capital Advisory has reported 6 other business names to the SEC.
- Berkowitz Capital LLC
- Pirsos Investment Advisory
- Retire Lab LLC
- Rowden Financial
- Smith'S Wealth Management
- Teachers' Path Financial Planning
Contact and registration details
- Legal name
- Forthright Capital Advisory LLC
- Headquarters
- 7251 W Lake Mead BLVD, Ste 300, Las Vegas, NV 89128
- Website
- forthrightcps.com
- Phone
- 725-712-3011
- @forthright-capital-partners
- SEC file
- 801-128191
- Structure
- Nevada LLC
- Fiscal year end
- December
Forthright Capital Advisory’s named custodian for separately managed accounts is Charles Schwab ($108M). Forthright Capital Advisory does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $108M100%
At year end, Forthright Capital Advisory’s separately managed accounts were mostly in stocks (53%) and funds (36%).
What the accounts hold
- Stocks53%
- Exchange-traded equities52%
- Non-exchange-traded equities1%
- Funds36%
- Registered funds35%
- Pooled vehicles1%
- Bonds1%
- Cash5%
- Other7%
- Structured notes, index/security linked cds7%
How many clients does Forthright Capital Advisory have?
Forthright Capital Advisory has 987 clients and manages $108 million for them, as of August 2026. They include 969 individual clients, 9 high-net-worth individuals, and 5 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 August 2026
What services does Forthright Capital Advisory offer?
Forthright Capital Advisory provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Forthright Capital Advisory use?
Forthright Capital Advisory’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $108M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 August 2026
How many financial advisors does Forthright Capital Advisory have?
Forthright Capital Advisory has 21 investment adviser representatives registered with state securities authorities, out of 22 employees, and 21 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 21 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 Forthright Capital Advisory invest in?
At the end of its last fiscal year, Forthright Capital Advisory’s separately managed accounts held 52% exchange-traded equities, 35% registered funds (mutual funds, ETFs, BDCs), 7% other, 5% cash and equivalents, 1% non-exchange-traded equities, 1% U.S. government and agency bonds and 1% pooled vehicles (private funds and similar). The 7% other category is described as: Structured Notes, Index/Security Linked CDS.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Forthright Capital Advisory?
Forthright Capital Advisory’s direct owners are Edmund Leung, Bliss Rivera and Jaime Amores, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 25 August 2026
How does Forthright Capital Advisory get paid?
Forthright Capital Advisory 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
How do I contact Forthright Capital Advisory?
Forthright Capital Advisory’s main office is at 7251 W Lake Mead BLVD, Ste 300, Las Vegas, NV 89128. Its phone number is 725-712-3011. Its website is forthrightcps.com.
