Forest Asset Management LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$219,720,638
Clients
106
Advisors
3
of 3 employees
About
Forest Asset Management manages approximately $231 million on a discretionary basis for about 100 clients, primarily providing investment management, financial planning, and retirement plan advisory services to individuals, trusts, charities, small businesses and participant-directed retirement plans. The firm also offers project-based consulting and may design written investment policy statements and transition plans for new clients.
The firm follows an evidence‑based, Modern Portfolio Theory approach that emphasizes diversified, buy‑and‑hold portfolios constructed mainly with mutual funds and ETFs (notably Dimensional Fund Advisors, Vanguard and BlackRock) and uses tools such as Monte Carlo analysis to set asset allocation and risk profiles. Portfolios are monitored and rebalanced periodically, and FAM will delegate discrete services—such as fixed income account management—to independent managers when appropriate.
Compared with many peers, FAM routinely uses third‑party sub‑advisers and model portfolios through Focus Partners Advisor Solutions for both back‑office services and discretionary sub‑advisory mandates, and in limited cases recommends separately managed AQR “Flex” long/short strategies (with client agreements and separate program fees). The firm also may employ less liquid vehicles such as interval funds for specific portfolio objectives, offers a third‑party cash aggregation service (Flourish Cash), and maintains a formal succession agreement with a larger service provider—arrangements that are less common among similarly sized advisers.
Client services
Expertise
Occupation focus
Fee options
Flat fees may be negotiated annually for accounts over $7 million
$200,000 - $499,999: 1.25% $500,000 - $999,999: 1.00% $1,000,000 - $1,999,999: 0.90% $2,000,000 - $2,999,999: 0.80% $3,000,000 - $4,999,999: 0.70% $5,000,000+: 0.60%
Financial Planning fees at $350 per hour
Account minimum: $200,000 Minimum fee: Minimum quarterly fee amount of $625 Fee-only: Investment management fees are separate; no commissions charged by FAM.
Main office
345 E. Burlington Street, Suite C1
Riverside IL 60546
Advisors at this office
3
Most active in
Florida · Illinois · Indiana · Texas
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Tyler M
Series 65
Riverside, IL
Forest Asset Management LLC
Tyler May is a financial advisor at Forest Asset Management LLC with six years of industry experience. He holds a Series 65 designation and has worked at Forest Asset Management since 2018, following three years at ConAgra Brands. Forest Asset Management LLC serves individuals, qualified retirement plans, trusts, charitable organizations, corporations, and small businesses. The firm employs a long-term, asset-allocation driven investment approach based on Modern Portfolio Theory, primarily using passive and evidence-based mutual funds and ETFs, with discretionary portfolio management and financial planning services.
Mark P
CFP®, PFS™
Riverside, IL
Forest Asset Management LLC
Mark Pesavento is a CFP® and PFS™ with 19 years of industry experience. He has worked at Forest Asset Management LLC since 2006 and previously operated his own consulting firm, Mark S. Pesavento LLC, providing business consulting, transition, and valuation services. He is also president and owner of Cleco Industrial Fasteners Inc., where he serves as outside controller. Forest Asset Management LLC advises individuals, qualified retirement plans, trusts, charitable organizations, corporations, and small businesses. The firm employs a long-term, asset-allocation-driven investment approach using primarily passive and evidence-based mutual funds and ETFs, supported by written investment policy statements, portfolio modeling, and third-party sub-advisers.
Joann M
CFP®, PFS™, Series 65
Riverside, IL
Forest Asset Management LLC
Joann May is a CFP® and PFS™ credentialed financial advisor with 19 years of industry experience. She has been with Forest Asset Management LLC since 2006. In addition to her advisory role, she serves as a general partner in an investment club, Riverside Fund Money Club, since 1995. Forest Asset Management LLC provides discretionary portfolio management and financial planning services to individuals, retirement plans, trusts, charitable organizations, corporations, and small businesses. The firm follows a long-term, asset-allocation-driven investment approach using primarily passive and evidence-based funds, supported by written investment policy statements and portfolio modeling techniques.
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