Forrest Financial Services
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About
Forrest Financial Services serves individual and high‑net-worth clients, providing discretionary investment management alongside comprehensive financial planning and tax planning services. The firm manages approximately $154 million in client assets with a small adviser team and serves roughly 100 client households.
The firm’s investment approach emphasizes strategic asset allocation and fundamental analysis, implemented through diversified, risk‑based portfolios that may include no‑load mutual funds, exchange‑traded funds, individual equities, and fixed income. Advisers typically manage accounts on a discretionary basis, favor a long‑term orientation, and incorporate tax considerations into portfolio construction and planning recommendations.
A distinguishing feature is that the firm’s principals are Certified Public Accountants who provide tax return preparation services directly to clients, with basic tax preparation included and more complex returns handled for a separate flat fee; the firm discloses this arrangement and identifies the attendant conflict of interest. The brochure also notes that the firm does not participate in wrap fee programs, does not accept performance‑based fees, and has no material disciplinary history.
Client services
Expertise
Fee options
Flat fees for advanced tax preparation services ranging from $400 to $2,500
$0 - $100,000: 1.00% annually $100,001 - $200,000: 0.95% annually $200,001 - $350,000: 0.89% annually $350,001 - $600,000: 0.81% annually $600,001 - $1,000,000: 0.73% annually $1,000,001 - $2,000,000: 0.64% annually $2,000,001 - $3,000,000: 0.59% annually $3,000,001 - $5,000,000: 0.55% annually $5,000,001+: 0.50% annually
Account minimum: $100,000 Fee-only: One-time project-based financial planning services ranging from $400 to $4,000 (negotiable)
Main office
6611 University Ave, # 201
Windsor Heights IA 50311
Advisors at this office
2
Most active in
Iowa
Also doing business as
Forrest Fiancial Services L.L>C. · Forrest Financial Services · Forrest Financial Services L.L.C.
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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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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
Stephen F
CFP®
Des Moines, IA
Forrest Financial Services
Stephen Forrest is a CFP® professional with 25 years of industry experience. He has been with Forrest Financial Services since 1996, where he serves as a principal. Forrest Financial Services manages approximately $154 million in client assets and serves individual and high-net-worth clients through discretionary investment management, financial planning, and tax planning services. The firm emphasizes strategic asset allocation and fundamental analysis, combining diversified, risk-based portfolios with a long-term investment approach that incorporates tax considerations.
Peter D
CFP®, Series 65
Windsor Heights, IA
Forrest Financial Services
Peter Deacon is a CFP® and Series 65-registered financial advisor with Forrest Financial Services, where he has worked since 2001. He has 21 years of experience in the industry. Forrest Financial Services provides discretionary investment management, financial planning, and tax planning primarily to individual and high-net-worth clients. The firm combines fundamental analysis and strategic asset allocation to manage diversified portfolios and offers in-house tax preparation and planning services alongside investment advice.
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