{"url":"https://nivawealth.com/firms/forthright-capital-advisory-323596","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/323596","regulatoryAum":107686977,"crd":"323596","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"8039001","suffix":null,"lastName":"Bennett","firstName":"Timothy","middleName":"Deon"},{"crd":"6625951","suffix":null,"lastName":"Bingham","firstName":"Daniel","middleName":"G"},{"crd":"5141661","suffix":null,"lastName":"CARSWELL","firstName":"NATHANIEL","middleName":"PHILLIP"},{"crd":"6702494","suffix":null,"lastName":"deVilleneuve","firstName":"Christopher","middleName":null},{"crd":"6904395","suffix":null,"lastName":"Eschler","firstName":"Nephi","middleName":"Mikel"},{"crd":"4824360","suffix":null,"lastName":"Hayes","firstName":"Sabrina","middleName":"Z"},{"crd":"7011297","suffix":null,"lastName":"Henriquez","firstName":"Ivan","middleName":null},{"crd":"6386980","suffix":null,"lastName":"HILL","firstName":"EDWARD","middleName":"CRANSTON"},{"crd":"7287912","suffix":null,"lastName":"Kaplan","firstName":"Benjamin","middleName":null},{"crd":"6956563","suffix":null,"lastName":"Lee","firstName":"Judy","middleName":"Hung"},{"crd":"7669047","suffix":null,"lastName":"Liljequist","firstName":"Camille","middleName":"Lorraine"},{"crd":"6166445","suffix":null,"lastName":"MEHR","firstName":"STEPHEN","middleName":"QUENTIN GLENN"},{"crd":"7530008","suffix":null,"lastName":"Mitose","firstName":"Thomas","middleName":"Barro"},{"crd":"2812347","suffix":null,"lastName":"PIRSOS","firstName":"NICHOLAS","middleName":null},{"crd":"4611919","suffix":null,"lastName":"REED","firstName":"RICHARD","middleName":"BERT"},{"crd":"5070903","suffix":null,"lastName":"ROWDEN","firstName":"JOHN","middleName":"ERIC"},{"crd":"7175649","suffix":null,"lastName":"Szilasi","firstName":"Terry","middleName":"Jay"},{"crd":"8251017","suffix":null,"lastName":"TOLEDO","firstName":"KYLE","middleName":"JOHN"},{"crd":"5597528","suffix":null,"lastName":"Willcox","firstName":"Troy","middleName":"Russell"}],"total":19,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2023-08-04","regulatoryAum":26708230,"clients":103,"employees":34,"offices":14},{"filedOn":"2024-07-30","regulatoryAum":26466902,"clients":258,"employees":32,"offices":17},{"filedOn":"2025-05-16","regulatoryAum":64985533,"clients":636,"employees":28,"offices":17},{"filedOn":"2026-08-25","regulatoryAum":107686977,"clients":987,"employees":22,"offices":20}],"secFileNumber":"801-128191","legalName":"Forthright Capital Advisory LLC","displayName":"Forthright Capital Advisory","slug":"forthright-capital-advisory-323596","website":"https://forthrightcps.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/forthright-capital-partners/","founded":null,"organization":"Nevada limited liability company","fiscalYearEnd":"December","headquarters":{"street":"7251 W Lake Mead BLVD, Ste 300","city":"Las Vegas","state":"NV","stateName":"Nevada","country":"United States","postalCode":"89128"},"tradeNames":["Berkowitz Capital LLC","Pirsos Investment Advisory","Retire Lab LLC","Rowden Financial","Smith'S Wealth Management","Teachers' Path Financial Planning"],"registration":{"secApproved":"25 July 2023","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":108610.02351738242,"staff":{"employees":22,"advisory":21,"brokerDealerReps":0,"insuranceAgents":21,"promoters":0},"aum":{"regulatory":107686977,"discretionary":107686977,"discretionaryAccounts":1363,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":969,"regulatoryAum":83279033},{"label":"High-net-worth individuals","clients":9,"regulatoryAum":22941570},{"label":"Pension and profit-sharing plans","clients":5,"regulatoryAum":240517},{"label":"Corporations and other businesses","clients":4,"regulatoryAum":1225857}],"feePrograms":[{"role":"other","program":"Hourly financial planning","summary":"Hourly rate of $300 per hour, negotiable based on client complexity, due at completion of the engagement.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1056044","versionId":1056044,"submittedOn":"2026-08-25","documentName":"FORTHRIGHT CAPITAL ADVISORY ADV PART 2A"},{"role":"other","program":"Ongoing financial planning","summary":"$1,000 upfront charge, then $250 per month, paid monthly in arrears; may be negotiable based on client complexity.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1056044","versionId":1056044,"submittedOn":"2026-08-25","documentName":"FORTHRIGHT CAPITAL ADVISORY ADV PART 2A"},{"role":"other","program":"Project-based financial planning","summary":"Fixed fee from $2,000 to $10,000 depending on project complexity; half due at the start; negotiable.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1056044","versionId":1056044,"submittedOn":"2026-08-25","documentName":"FORTHRIGHT CAPITAL ADVISORY ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T17:21:38.206042+00:00","documents":[{"name":"FORTHRIGHT CAPITAL ADVISORY ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1056044","versionId":1056044,"submittedOn":"2026-08-25"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":107686977}],"custodyNote":"Forthright Capital Advisory does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Richard Reed","title":"Chief Compliance Officer","crd":"4611919"},{"name":"Jaime Amores","title":"Owner","crd":"7647303"},{"name":"Edmund Leung","title":"Owner","crd":"6845435"},{"name":"Richard Reed","title":"CEO","crd":"4611919"},{"name":"Bliss Rivera","title":"Owner","crd":"6303179"}],"ownership":[{"label":"Edmund Leung","detail":"Owner in the 25% to 50% ownership band and a control person, since September 2022."},{"label":"Bliss Rivera","detail":"Owner in the 25% to 50% ownership band and a control person, since September 2022."},{"label":"Jaime Amores","detail":"Owner in the 25% to 50% ownership band and a control person, since September 2022."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":19,"privateResidences":19},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Nevada","offices":1,"addresses":[{"street":"7251 W Lake Mead BLVD, Ste 300","city":"Las Vegas","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"725-712-3011","stateRegisteredReps":21,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":52},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":35},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":1},{"label":"Cash and cash equivalents","percent":5},{"label":"Other","percent":7,"detail":"Structured Notes, Index/Security Linked CDS"}],"privateFunds":0},"sources":{"adv1FilingDate":"25 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/323596/PDF/323596.pdf","brochureDate":"25 August 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1056044","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Forthright Capital Advisory have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Forthright Capital Advisory offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Forthright Capital Advisory use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Forthright Capital Advisory have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Forthright Capital Advisory invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Forthright Capital Advisory?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Forthright Capital Advisory get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Forthright Capital Advisory?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 25 August 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}