Foresters Advisory Services, LLC (New York)

Name: Foresters Advisory Services, LLC
Address: 40 Wall Street, New York, NY, 10005
Telephone: 212-858-8000

Foresters Advisory Services, LLC is a large advisory firm based in New York. It manages $2.44 billion of regulatory assets for 13,920 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

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

Foresters Advisory Services: assets under management

The assets under management (AUM) of Foresters Advisory Services, LLC is $2.44 billion. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Foresters Advisory Services, 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 Foresters Advisory Services serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Foresters Advisory Services is individuals with 13,847 clients and $2.36 billion of assets under management. Among the 11 most similar advisory firms, Foresters Advisory Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $2.44 billion for 13,920 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.

Foresters Advisory Services doesn't advise any private funds.

Careers at Foresters Advisory Services, LLC

The company employs 372 people that are either part- or full-time employees. 94 percent of the employees work as investment advisers or researchers. 372 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
Inc. Foresters Financial Holding Company	Member and holding company	1 May 2012	75% - 100%	13-2608329
Brian J Watts	Director of research and strategy	1 May 2012	Other	4893952
Larry Lee Noyes	Member of the board of managers	1 May 2012	Other	5969345
William Michael Lipkus	Chairman, board of managers and investment committee	1 May 2012	Other	2944274
George Dean Karris	Investment committee	1 May 2012	Other	4227518
Carol Ellen Springsteen	Board of managers	1 May 2012	Other	3208375
Nathan Joseph Nassif	Investment committee	1 Mar 2013	Other	6177103
Francis Xavier Gannon	Chief financial officer	1 Apr 2013	Other	6181654
Jason Harris Gerb	Chief compliance officer	1 Dec 2013	Other	3021815
E Blake Moore	President and member of the board of managers	1 Feb 2018	Other	2406234
George Dean Karris	Senior vice president	1 Apr 2018	Other	4227518
James Daniel Macey	Director of multi-asset portfolio management	1 Sep 2018	Other	5015331

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
The Independent Order Of Foresters	Owner - fraternal benefits society	1 Jan 2011	75% - 100%	23-7563162

Based in New York

The principal office where Foresters Advisory Services, LLC performs its advisory services is located at 40 Wall Street, New York, NY 10005, which is also the mailing address of the firm. An additional office of the firm is in Glen Allen, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-858-8000 or by fax 212-858-8119. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at foresters.com.