Fortis Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers, publishing newsletters, and educational seminars. Financial planning was provided to 51–100 clients last fiscal year. The firm advises 6 private funds.
Fortis Advisors reports 91 clients. They include 51 individual clients, 28 high-net-worth individuals and 6 pooled investment vehicles. Of its assets, 73.1% ($427M across 273 accounts) are managed with discretion; $157M across 71 accounts are not. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 56% | 4% |
| High-net-worth individuals | 31% | 34% |
| Pooled investment vehicles | 7% | 28% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Other investment advisers | Fewer than 5 | 26% |
| Other client typesCorporations and other businesses; Other | 7% | 8% |
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) | 51 | $21.9M | 3.7% | $429K |
| High-net-worth individuals | 28 | $199M | 34.0% | $7.1M |
| Pooled investment vehicles | 6 | $163M | 27.9% | $27.2M |
| Pension and profit-sharing plans | Fewer than 5 | $2.42M | 0.4% | — |
| Other investment advisers | Fewer than 5 | $150M | 25.7% | — |
| Corporations and other businesses | Fewer than 5 | $836K | 0.1% | — |
| Other | 6 | $47M | 8.0% | $7.84M |
| Total | 91 | $584M | 100% | — |
- Clients
- 51
- Regulatory AUM
- $21.9M
- AUM share
- 3.7%
- Avg. per client
- $429K
- Clients
- 28
- Regulatory AUM
- $199M
- AUM share
- 34.0%
- Avg. per client
- $7.1M
- Clients
- 6
- Regulatory AUM
- $163M
- AUM share
- 27.9%
- Avg. per client
- $27.2M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.42M
- AUM share
- 0.4%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $150M
- AUM share
- 25.7%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $836K
- AUM share
- 0.1%
- Avg. per client
- —
- Clients
- 6
- Regulatory AUM
- $47M
- AUM share
- 8.0%
- Avg. per client
- $7.84M
Total
- Clients
- 91
- Regulatory AUM
- $584M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 6
- Financial planning clients last fiscal year
- 51–100
Fortis Advisors charges 0.50%–1.00% for its Separately Managed Accounts. The brochure does not state whether the rate is annual. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting
- Financial planning and consulting are billed as a negotiable fixed fee, generally $1,500 to $50,000.
- Non-discretionary accounts
- Non-discretionary accounts are generally charged a flat 0.125% of the average daily balance, or hourly fees depending on the services requested.
Fortis Family Office, LLC (Formerly Fortis Wealth, LP) owns 75% or more of Fortis Advisors and is in turn owned by Derek Boles (25–50%) and Bryan Cherny (25–50%). The leadership team of Fortis Advisors includes President Derek Boles and Chief Compliance Officer Colleen Kelly. It has 5 employees, 3 of them in advisory roles.
Leadership
Derek BolesPresident- Colleen KellyChief Compliance Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 3 in advisory functions
- 3 state-registered reps
- 1 insurance agent
- Owns 75% or more of Fortis Advisors, LLC
Fortis Family Office, LLC (Formerly Fortis Wealth, LP)
Control person · since August 2013
- Owns 25% to 50% of Fortis Family Office, LLC (Formerly Fortis Wealth, LP)
Derek Boles
Control person · since July 2013
- Owns 25% to 50% of Fortis Family Office, LLC (Formerly Fortis Wealth, LP)
Bryan Cherny
Control person · since September 2013
Randall Hubschmidt
Partner · Control person · since September 2013
Fortis Partners, LLC
General partner of the holding company/single member llc · since September 2013
Fortis Advisors’ regulatory assets grew from $502M (May 2021) to $584M (March 2026); clients rose from 60 to 91 and employees fell from 7 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $584M | 91 | 5 | 1 |
| March 2025 | $508M | 83 | 6 | 1 |
| March 2024 | $471M | 83 | 7 | 1 |
| March 2023 | $460M | 65 | 7 | 1 |
| March 2022 | $494M | 66 | 7 | 1 |
| May 2021 | $502M | 60 | 7 | 1 |
Besides its headquarters, Fortis Advisors has 0 offices, with 1 listed address in Pennsylvania.
Pennsylvania · 1 listed address
- 656 E. Swedesford Road, Suite 330, WayneHQ
Other business names
Fortis Advisors has reported 6 other business names to the SEC.
- Fortis Capital Real Estate Manager (Relying Adviser)
- Fortis Capital Real Estate Manager II, LLC (Relying Adviser)
- Fortis Family Office
- Fortis Private Strategies I, LLC (Relying Adviser)
- Fortis Private Strategies III, LLC (Relying Adviser)
- Fortis Wealth
Contact and registration details
- Legal name
- Fortis Advisors, LLC
- Headquarters
- 656 E. Swedesford Road, Suite 330, Wayne, PA 19087
- Website
- fortisfamilyoffice.com
- Phone
- 610-313-0910
- @fortisfamilyoffice
- SEC file
- 801-80177
- Structure
- Pennsylvania LLC
- Fiscal year end
- December
Fortis Advisors uses Charles Schwab ($421M) as custodian for its separately managed accounts. Fortis Advisors has custody of $352M in client assets for 26 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $421M100%
At year end, Fortis Advisors’ separately managed accounts were mostly in funds (61%) and cash (20%). Its reported 13F holdings for the quarter ended 30 June 2026 total $214M across 122 positions; the largest are Seagate Technology Hldngs PL (6.1%), Schwab Strategic TR (5.8%) and iShares Inc. (5.2%).
What the accounts hold
- Stocks16%
- Funds61%
- Bonds3%
- State and local bonds2%
- U.S. government and agency bonds1%
- Cash20%
Reported 13F holdings
- $214M
- Reported 13F value
- 122
- Positions
- 44.1%
- In the 10 largest
- +7.0%
- Value vs. prior quarter
- Seagate Technology Hldngs PL6.1%
- Schwab Strategic TR · US Tips ETF5.8%
- iShares Inc. · MSCI Emrg Chn5.2%
- Vaneck ETF Trust · JP Mrgan EM Loc4.7%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt4.2%
- Vanguard BD Index Fds · Intermed Term4.1%
- Vanguard BD Index Fds · Short Trm Bond3.9%
- Pacer Fds TR · Developed Mrkt3.9%
- Doubleline ETF Trust · Oppo Core BD ETF3.5%
- Vanguard Specialized Funds · Div App ETF2.6%
Together, the ten largest are 44.1% of reported value.
How many clients does Fortis Advisors have?
Fortis Advisors has 91 clients and manages $584 million for them, as of March 2026. They include 51 individual clients, 28 high-net-worth individuals and 6 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Fortis Advisors offer?
Fortis Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers, publishing newsletters, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Fortis Advisors charge?
Fortis Advisors charges 0.50%–1.00% for its Separately Managed Accounts. The brochure does not state whether the rate is annual. The fee is billed in arrears and is negotiable.
Which custodians does Fortis Advisors use?
Fortis Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $421M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026
How many financial advisors does Fortis Advisors have?
Fortis Advisors has 3 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 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 Fortis Advisors invest in?
At the end of its last fiscal year, Fortis Advisors’ separately managed accounts held 61% registered funds (mutual funds, ETFs, BDCs), 20% cash and equivalents, 16% exchange-traded equities, 2% state and local bonds and 1% U.S. government and agency bonds. It advises 6 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Fortis Advisors?
Fortis Advisors is owned through a holding company by Derek Boles and Bryan Cherny. Its direct owner is Fortis Family Office, LLC (Formerly Fortis Wealth, LP) (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Fortis Advisors get paid?
Fortis Advisors is paid through a percentage of assets under management, hourly charges, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Fortis Advisors registered with the SEC?
Yes, Fortis Advisors has been registered with the SEC as an investment adviser since 26 August 2014. Its CRD number is 164498 and its SEC file number is 801-80177.
Source: Form ADV Part 1A, Item 1, filed 27 March 2026; IAPD firm record
How do I contact Fortis Advisors?
Fortis Advisors’ main office is at 656 E. Swedesford Road, Suite 330, Wayne, PA 19087. Its phone number is 610-313-0910. Its website is fortisfamilyoffice.com.