Forward Management, LLC (San Francisco)

Name: Forward Management, LLC
Address: 345 California Street, San Francisco, CA, 94104
Telephone: 415-869-6300

Forward Management, LLC is a large advisory firm based in San Francisco. It manages $964.59 million of regulatory assets for 198 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Forward Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Forward Management: assets under management

The assets under management (AUM) of Forward Management, LLC is $964.59 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -32% since the beginning of its operation, and $814.61 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $964.59 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.87 million each.

Investments

The firm invests in cash and cash equivalents the most. They account for 57% of the total AUM. The second-largest asset type is exchange traded securities, which make up 43% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Forward Management, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients William Prezant serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of William Prezant is investment companies with 4 clients and $850.02 million of assets under management. Among the 10 most similar advisory firms, Forward Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $964.59 million for 197 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.

Forward Management doesn't advise any private funds.

Careers at Forward Management, LLC

The company employs 87 people that are either part- or full-time employees. 10 percent of the employees work as investment advisers or researchers. 35 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.

William Prezant has been acting as President since 1 Sep 2005. James Hugh Odonnell has served as the Chief Investment Officer since 1 Jul 2006. William Kane Enszer joined the executive team most recently as the Managing Director, Portfolio Management.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Broderick Management	Member	1 Sep 1998	75% - 100%	94-3306620
Jerome Alan Reid	President	1 Apr 2001	Other	1820936
John Paul Mcgowan	Chief operating officer	1 May 2001	Other	2099583
Thomas Woodhouse	Director	1 Aug 2001	Other	5310762
Gordon Peter Getty	Member	1 Aug 2001	25% - 50%	4339269
James Joseph Halligan	Director	1 Aug 2001	Other	234474
Mary Ellen Curran	Chief legal officer	1 Sep 2002	Other	2074217
Jeremy Wyatt Deems	Treasurer	1 Aug 2004	Other	4862053
Gordon P Getty Special 2005 Reflow/Forward Management Trust	Member	1 Mar 2005	75% - 100%	20-6613628
Judith Marilyn Rosenberg	Chief compliance officer, secretary	1 Jul 2005	Other	2430931
William Prezant	Director	1 Sep 2005	Other	5310756
Philip Daniel Defeo	Director	1 Sep 2005	Other	1838890
James Hugh Odonnell	Chief investment officer	1 Jul 2006	Other	1714169
Llc Reflow Forward Family Holding Company	Member	1 Dec 2006	25% - 50%	20-8085353
Toby Rosenblatt	Director	1 Jun 2007	Other	5374602
Jeffrey Patrick Cusack	Director	1 Jun 2007	Other	1630886
David Huaiming Chow	Director	1 May 2008	Other	1401207
Jeffrey Patrick Cusack	President	1 Aug 2008	Other	1630886
Alan Arthur Seigerman	Acting chief financial officer	1 Dec 2008	Other	3109146
Norman Ellsworth Mains	Chief administrative & risk officer	1 Apr 2009	Other	1092815
Loire Lee White	Interim chief financial officer	1 Aug 2010	Other	6141708
Robert Leo Leberman	Director	1 Jan 2013	Other	6165515
Robert Shigeo Naka	Chief operating officer, interim chief executive officer	1 Feb 2014	Other	1934281
L.P. Salient Partners	Member	1 Jun 2015	75% - 100%	87-0696141
Paul Axtell Bachtold	Chief compliance officer	1 Jun 2015	Other	2857451
John Arthur Blaisdell	Chairman and chief executive officer	1 Jun 2015	Other	4638025
Lee George Partridge	Chief investment officer	1 Jun 2015	Other	2266175
John Edward Price	Chief financial officer and treasurer	1 Jun 2015	Other	4739769
Jeremy Lawrence Radcliffe	President and secretary	1 Jun 2015	Other	2917897
Dawna Lynne Daniel	Secretary	1 Nov 2016	Other	5137048
Jonathan Wade Depriest	Executive vice president and general counsel	1 Nov 2016	Other	6730905
William Russell Guinn	Executive vice president - asset management	1 Nov 2016	Other	4901671
David Onthank Linton	Executive vice president - head of distribution	1 Nov 2016	Other	1730351
William Ben Hunt	Chief investment strategist	1 Nov 2016	Other	4864872
Kristen Lindsay Bayazitoglu	Chief operating officer - asset management	1 Jul 2017	Other	4780520
Thomas Allen Dusenberry	Director of fund operations	1 Aug 2017	Other	4440510
Amy Hong Lau	Director of fund operations and fund accounting	1 Aug 2017	Other	4952520
Stephen William Leonhardt	Senior vice president, fund accounting	1 Aug 2017	Other	1132197
Gregory Allen Reid	President	1 Aug 2018	Other	2176683
Matthew Scott Hibbetts	Chief financial officer and treasurer	1 Aug 2018	Other	5908785
Yan Chen	Manager, fund accounting	1 Aug 2018	Other	6426486
William Kane Enszer	Managing director, portfolio management	1 Sep 2018	Other	5087065

Indirect Owners

The SEC currently registers 19 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Gordon Peter Getty	Member	1 Dec 1997	75% - 100%	4339269
Llc Salient Capital Management	General partner	1 May 2003	Other	87-0696139
Andrew Baird Linbeck	Elected manager	1 May 2003	Other	1762524
John Arthur Blaisdell	Elected manager	1 May 2003	Other	4638025
Gordon Peter Getty	Trustee	1 Mar 2005	75% - 100%	4339269
Gordon Peter Getty	Manager	1 Dec 2006	Other	4339269
Thomas Woodhouse	Trustee	1 Dec 2006	Other	5310762
William Prezant	Trustee	1 Dec 2006	Other	5310756
Getty Family I 2006 Irrevocable Trust	Owner	1 Dec 2006	50% - 75%	xxx-xx-xxxx
Getty Family Ii 2006 Irrevocable Trust	Owner	1 Dec 2006	25% - 50%	xxx-xx-xxxx
William A Newsom	Trustee	1 Dec 2006	Other	5312301
Getty Family I 2006 Revocable Trust	Owner	1 Dec 2006	50% - 75%	xxx-xx-xxxx
Getty Family Ii 2006 Revocable Trust	Owner	1 Dec 2006	50% - 75%	xxx-xx-xxxx
Robert Leo Leberman	Chief executive officer	1 Jan 2009	Other	6165515
Christopher John Dean	Elected manager	1 Jan 2010	Other	2644612
William John Kelly	Elected manager	1 Apr 2011	Other	4361587
John Philip Ferguson	Elected manager	1 May 2012	Other	819892
Gregory Allen Reid	Elected manager	1 Feb 2017	Other	2176683
Jeremy Lawrence Radcliffe	Elected manager	1 Nov 2017	Other	2917897

Based in San Francisco

The principal office where Forward Management, LLC performs its advisory services is located at 345 California Street, San Francisco, CA 94104, which is also the mailing address of the firm. An additional office of the firm is in Houston, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-869-6300 or by fax 415-982-2566. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at forwardmgmt.com.