Forte Capital LLC (Rochester)


Forte Capital LLC is a large advisory firm based in Rochester. It manages $797.78 million of regulatory assets for 1,970 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Connecticut, and 16 other states.

Forte Capital provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Forte Capital: assets under management

The assets under management (AUM) of Forte Capital LLC is $797.78 million. The firm's AUM has grown by 873% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $758.11 million in discretionary accounts and $39.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $386.79 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.97 million.
Forte Capital has custody of $635.34 million in cash and securities for 725 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% of the firm’s portfolio. Investments in state and local bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Forte Capital LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Forte Capital serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Forte Capital is high net worth individuals with 198 clients and $468.36 million of assets under management. Among the 8 most similar advisory firms, Forte Capital has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $797.78 million for 764 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Forte Capital doesn't advise any private funds.

Careers at Forte Capital LLC

The company employs 18 people that are either part- or full-time employees. 28 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 10 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
David William Henion Member 1 Aug 1996 25% - 50% 4390559
David A Duffield Trust Member 1 Aug 1996 Other 15-8302604
Richard Brent Nathan Member 1 Jul 1997 Other 1596225
Forte Capital Partners Llc Member 1 Jan 1999 Other 94-3313061
Adil Masood Member 1 Dec 2001 Other 4520850
Charles Jeffrey Harrison Member 1 Dec 2001 Other 4520842
Charles Jeffrey Garrison Member 1 Dec 2001 Other 4520842
Ajit Deshpande Member 1 May 2003 25% - 50% 4782022
Ann Elizabeth Walker Chief compliance officer 1 Sep 2004 Other 852662
Dennis Elmer Lohouse Member 1 Oct 2009 Other 1824508
Edmond David Sheidlower Member 1 Oct 2009 Other 1929184
Ajit J. Deshpande Revocable Trust Member 1 Jan 2016 25% - 50% 81-6255601

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Adil Masood Trustee 1 Jan 2016 Other 4520850

Based in Rochester

The principal office where Forte Capital LLC performs its advisory services is located at 400 Linden Oaks, Rochester, NY 14625, which is also the mailing address of the firm. An additional office of the firm is in Massapequa, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 585-586-8100 or by fax 585-697-2599. 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 forte-capital.com.