Forness Financial LLC

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Client assets under management

$202,756,809

Clients

227

34% high-net worth

Advisors

of 3 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

High

Average account size

$893,202

About

Forness Financial serves individuals, high‑net‑worth clients, trusts and estates, providing discretionary investment management alongside financial planning and consulting. Like many peers, the firm delivers portfolio management for individual clients and charges fees based on a percentage of assets under management.

The firm follows a primarily long‑term, fundamentals‑driven investment approach, constructing diversified portfolios largely with mutual funds and ETFs while using individual stocks, bonds or cash positions when appropriate. Portfolios are tailored to client goals and risk tolerance, with continuous monitoring and discretion to rebalance or trade to meet those objectives.

Forness Financial acts as sponsor and portfolio manager of its own wrap fee program and typically absorbs routine securities transaction costs within its advisory fee, a feature that is uncommon among similar supported firms. The firm manages roughly $203 million for about 227 clients across three advisors, maintains an institutional custody relationship that provides operational support, and several advisory personnel are also licensed to implement commissionable insurance products (commissions are separate from advisory fees).

Client services

Financial planning Portfolio management

Expertise

General retirement planning Wealth management

Fee options

Percentage

$0 - $1,000,000: 1.00% annually $1,000,001 - $2,000,000: 0.50% annually $2,000,001+: 0.25% annually

Other

Account minimum: $1,000,000

Main office location

Forness Financial LLC

105 Chestnut Street, Suite 37

Needham MA 02492, United States

Number of offices

Most active in

Florida · Massachusetts · New Hampshire · Texas

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

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

Quick links

Website (781) 400-2604

Advisors at this firm

Ryan F

Series 66

Needham, MA

Forness Financial LLC

Ryan Forness is a financial advisor at Forness Financial LLC in Needham, MA, holding a Series 66 designation with 19 years of industry experience. He has been with Forness Financial since 2014. Forness Financial serves individuals, high-net-worth clients, trusts, and estates by providing discretionary investment management along with financial planning and consulting. The firm employs a long-term, fundamentals-driven investment approach, constructing diversified portfolios primarily with mutual funds and ETFs, and adjusts holdings to align with client goals and risk tolerance.

General retirement planning Wealth management

Norman F

Series 63, Series 65

Needham, MA

Forness Financial LLC

Norman Forness is a financial advisor with Forness Financial LLC in Needham, MA, holding Series 63 and Series 65 licenses and possessing 19 years of industry experience. He has been with Forness Financial since 2014 and has also been associated with IDS Life Insurance Company since 1998. Forness Financial serves individuals, high-net-worth clients, trusts, and estates by providing discretionary investment management alongside financial planning and consulting. The firm employs a long-term, fundamentals-driven investment approach, constructing diversified portfolios tailored to client goals and risk tolerance, and manages approximately $203 million for around 227 clients.

General retirement planning Wealth management

Kimberly F

CFP®, Series 63

Needham, MA

Forness Financial LLC

Kimberly Forness is a CFP® with eight years of industry experience, currently serving as an advisor at Forness Financial LLC since 2017. Prior to joining the firm, she was a homemaker for four years. Forness Financial LLC provides discretionary investment management and financial planning services to individuals, high-net-worth clients, trusts, and estates. The firm employs a long-term, fundamentals-driven approach, constructing diversified portfolios tailored to client goals and risk tolerance.

General retirement planning Wealth management

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