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Forest Asset Management LLC

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Client assets under management

$219,720,638

More info

Clients

106

52% high-net-worth

Advisors

3

of 3 employees

Firm type

Supported

1-4 advisors or >$200M in AUM

More info

Clients per advisor

35

Low

Average account size

$2,072,836

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

Financial planning Portfolio management Pension consulting Selection of other advisers

Expertise

Passive / index investing Tax-loss harvesting Retirement plans for business owners (SEP, solo 401k) Business sale tax planning College savings (529s, UTMA, etc.)

Occupation focus

Founder/Business Owner Retired

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Fee options

Fixed

Flat fees may be negotiated annually for accounts over $7 million

Percentage

$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%

Project-based

Financial Planning fees at $350 per hour

Other

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 location

Forest Asset Management LLC

345 E. Burlington Street, Suite C1

Riverside IL 60546, United States

Number of offices

1

Most active in

More info

Illinois · Indiana

Disclosures

More info

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

More info

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Website 708-447-7086

Advisors at this firm

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user avatar

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.

Passive / index investing Tax-loss harvesting Retirement plans for business owners (SEP, solo 401k) Business sale tax planning College savings (529s, UTMA, etc.) Founder/Business Owner Retired
user avatar

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.

Passive / index investing Tax-loss harvesting Retirement plans for business owners (SEP, solo 401k) Business sale tax planning College savings (529s, UTMA, etc.) Founder/Business Owner Retired
user avatar

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.

Passive / index investing Tax-loss harvesting Retirement plans for business owners (SEP, solo 401k) Business sale tax planning College savings (529s, UTMA, etc.) Founder/Business Owner Retired
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