Forthright Wealth Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, business succession planning, education planning, and insurance. Financial planning was provided to 251–500 clients last fiscal year.
Forthright Wealth Management reports 575 clients. They include 301 individual clients, 266 high-net-worth individuals, and 8 corporations and other businesses. Of its assets, 99.1% ($767M across 1,913 accounts) are managed with discretion; $6.62M across 9 accounts are not. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 52% | 12% |
| High-net-worth individuals | 46% | 86% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | 1% | 2% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 301 | $94.7M | 12.2% | $315K |
| High-net-worth individuals | 266 | $667M | 86.2% | $2.51M |
| Charitable organizations | Fewer than 5 | $186K | 0.0% | — |
| Corporations and other businesses | 8 | $11.7M | 1.5% | $1.46M |
| Total | 575 | $773M | 100% | — |
- Clients
- 301
- Regulatory AUM
- $94.7M
- AUM share
- 12.2%
- Avg. per client
- $315K
- Clients
- 266
- Regulatory AUM
- $667M
- AUM share
- 86.2%
- Avg. per client
- $2.51M
- Clients
- Fewer than 5
- Regulatory AUM
- $186K
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 8
- Regulatory AUM
- $11.7M
- AUM share
- 1.5%
- Avg. per client
- $1.46M
Total
- Clients
- 575
- Regulatory AUM
- $773M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Forthright Wealth Management charges 0.20%–0.90% a year for its Wealth Management Services. Each asset band is charged at its own rate. The fee is billed in advance and has a $2,500 annual minimum.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 0.90% |
| $1M–$3M | 0.75% |
| $3M–$5M | 0.50% |
| $5M–$10M | 0.25% |
| $10M and above | 0.20% |
Fee details and sources
TJ Austreng, LLC owns 25% to 50% of Forthright Wealth Management and is in turn owned by Anthony Austreng (75% or more). The leadership team of Forthright Wealth Management includes Chief Investment Officer Brian Johnston, Chief Operating Officer Jeff Wills and Chief Financial Officer Anthony Austreng. It has 10 employees, 6 of them in advisory roles.
Leadership
Anthony AustrengManaging Partner, Chief Compliance Officer, Chief Financial Officer- Jeff WillsManaging Partner, Chief Operating Officer
- John EllisManaging Partner and Chief Technology Officer
Brian JohnstonManaging Partner, Chief Investment Officer
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
Staff
- 10 employees
- 6 in advisory functions
- 6 state-registered reps
- 1 broker-dealer rep
- 2 insurance agents
- Owns 25% to 50% of Forthright Wealth Management, LLC
TJ Austreng, LLC
Control person · since May 2015
- Owns 75% or more of TJ Austreng, LLC
Anthony Austreng
Control person · since May 2015
- Owns 25% to 50% of Forthright Wealth Management, LLC
BP Johnston, LLC
Control person · since May 2015
- Owns 75% or more of BP Johnston, LLC
Brian Johnston
Control person · since May 2015
- Owns 25% to 50% of Forthright Wealth Management, LLC
JR Wills, LLC
Control person · since May 2015
- Owns 75% or more of JR Wills, LLC
Jeff Wills
Control person · since May 2015
- Owns 25% to 50% of Forthright Wealth Management, LLC
JJ Ellis, LLC
Control person · since January 2018
- Owns 75% or more of JJ Ellis, LLC
John Ellis
Control person · since January 2018
Forthright Wealth Management’s regulatory assets grew 2.0× from $393M (May 2021) to $773M (August 2026); clients rose from 385 to 575 and employees from 7 to 10.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $773M | 575 | 10 | 1 |
| July 2025 | $664M | 527 | 10 | 1 |
| February 2024 | $566M | 495 | 10 | 1 |
| August 2023 | $515M | 477 | 8 | 1 |
| March 2022 | $488M | 438 | 8 | 1 |
| May 2021 | $393M | 385 | 7 | 1 |
Besides its headquarters, Forthright Wealth Management has 0 offices, with 1 listed address in Georgia.
Georgia · 1 listed address
- 11780 Northfall Lane, Suite 303, AlpharettaHQ
Contact and registration details
- Legal name
- Forthright Wealth Management, LLC
- Headquarters
- 11780 Northfall Lane, Suite 303, Alpharetta, GA 30009
- Phone
- 470-395-4749
- SEC file
- 801-96202
- Founded
- 2015
- Structure
- Georgia LLC
- Fiscal year end
- December
Forthright Wealth Management uses Raymond James ($767M) as custodian for its separately managed accounts. Forthright Wealth Management has custody of $56.3M in client assets for 78 clients.
- Raymond JamesRaymond James & Associates, Inc. · St. Petersburg, FL · $767M100%
At year end, Forthright Wealth Management’s separately managed accounts were mostly in stocks (56%) and funds (30%). Its reported 13F holdings for the quarter ended 30 June 2026 total $391M across 76 positions; the largest are Vanguard Index Fds (13.4%), Schwab Strategic TR (10.5%) and Schwab Strategic TR (8.7%).
What the accounts hold
- Stocks56%
- Funds30%
- Bonds6%
- Cash6%
- Other2%
- Municipal bonds, annuities, preferred securities, reits, options, closed end funds2%
Reported 13F holdings
- $391M
- Reported 13F value
- 76
- Positions
- 75.5%
- In the 10 largest
- +10.9%
- Value vs. prior quarter
- Vanguard Index Fds · S&P 500 ETF Shs13.4%
- Schwab Strategic TR · US Dividend EQ10.5%
- Schwab Strategic TR · US Sml Cap ETF8.7%
- iShares TR · Core S&P US Vlu8.3%
- iShares TR · Core S&P US Gwt8.3%
- Vanguard BD Index Fds · Intermed Term6.5%
- J P Morgan Exchange Traded F · Intl BD Opp ETF5.6%
- Amplify ETF TR · Cwp Enhanced Div5.4%
- Proshares TR · S&P 500 DV Arist4.7%
- Vanguard Index Fds · Mid Cap ETF4.0%
Together, the ten largest are 75.5% of reported value.
How many clients does Forthright Wealth Management have?
Forthright Wealth Management has 575 clients and manages $773 million for them, as of August 2026. They include 301 individual clients, 266 high-net-worth individuals, and 8 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 August 2026
What services does Forthright Wealth Management offer?
Forthright Wealth Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, business succession planning, 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 Forthright Wealth Management charge?
Forthright Wealth Management charges 0.20%–0.90% a year for its Wealth Management Services. Each asset band is charged at its own rate. The fee is billed in advance and has a $2,500 annual minimum.
Which custodians does Forthright Wealth Management use?
Forthright Wealth Management’s separately managed account assets are held at Raymond James & Associates, Inc. (St. Petersburg, FL), with $767M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 August 2026
How many financial advisors does Forthright Wealth Management have?
Forthright Wealth Management has 6 investment adviser representatives registered with state securities authorities, out of 10 employees, and 6 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 2 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 Wealth Management invest in?
At the end of its last fiscal year, Forthright Wealth Management’s separately managed accounts held 56% exchange-traded equities, 30% registered funds (mutual funds, ETFs, BDCs), 6% U.S. government and agency bonds, 6% cash and equivalents and 2% other. The 2% other category is described as: Municipal Bonds, Annuities, Preferred Securities, Reits, Options, Closed End Funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Forthright Wealth Management?
Forthright Wealth Management is owned through holding companies by Anthony Austreng, Brian Johnston, Jeff Wills and John Ellis. Its direct owners are TJ Austreng, LLC, BP Johnston, LLC, JR Wills, LLC and JJ Ellis, LLC, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 13 August 2026
How does Forthright Wealth Management get paid?
Forthright Wealth Management 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 Forthright Wealth Management registered with the SEC?
Yes, Forthright Wealth Management has been registered with the SEC as an investment adviser since 6 May 2015. Its CRD number is 220515 and its SEC file number is 801-96202.
Source: Form ADV Part 1A, Item 1, filed 13 August 2026; IAPD firm record
How do I contact Forthright Wealth Management?
Forthright Wealth Management’s main office is at 11780 Northfall Lane, Suite 303, Alpharetta, GA 30009. Its phone number is 470-395-4749. Its website is forthrightwealthmanagement.com.