Forthright Wealth Management, LLC (Alpharetta)

Name: Forthright Wealth Management, LLC
Address: 5755 North Point Pkwy, Suite 47, Alpharetta, GA, 30022
Telephone: 470-448-4468

Forthright Wealth Management, LLC is a large advisory firm based in Alpharetta. It manages $293.02 million of regulatory assets for 1,119 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, Georgia, Nebraska, Tennessee, and Texas.

Forthright Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Forthright Wealth Management: assets under management

The assets under management (AUM) of Forthright Wealth Management, LLC is $293.02 million. The firm's AUM has grown by 105% since the beginning of its operation, and $766 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $285.08 million in discretionary accounts and $7.94 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $259.4 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $396.85 thousand.

Forthright Wealth Management has custody of $22.04 million in cash and securities for 42 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 54% of the total AUM. The second-largest asset type is exchange traded securities, which make up 36% of the firm’s portfolio. Investments in other assets form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Forthright Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Forthright Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Forthright Wealth Management is high net worth individuals with 129 clients and $211.31 million of assets under management. Among the 10 most similar advisory firms, Forthright Wealth Management has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $293.02 million for 345 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Forthright Wealth Management doesn't advise any private funds.

Careers at Forthright Wealth Management, LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Shelly Miller Johnston	Manager, cco	1 Apr 2015	75% - 100%	4864811
Anthony James Austreng	Manager, cco	1 May 2015	25% - 50%	4559934
Brian Patrick Johnston	Manager	1 May 2015	25% - 50%	4590332
Jeff Richard Wills	Manager	1 May 2015	25% - 50%	5131854
Llc Tj Austreng	Member	1 May 2015	25% - 50%	47-4137162
Llc Bp Johnston	Member	1 May 2015	25% - 50%	47-4137173
Llc Jr Wills	Member	1 May 2015	25% - 50%	47-4137144
John Joseph Ellis	Managing partner and chief technology officer	1 Jan 2018	Other	5422812
Llc Jj Ellis	Member	1 Jan 2018	25% - 50%	47-4282314

Based in Alpharetta

The principal office where Forthright Wealth Management, LLC performs its advisory services is located at 5755 North Point Pkwy, Suite 47, Alpharetta, GA 30022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 470-448-4468. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at forthrightwealthmanagement.com.