Forum Financial Management Adds $378 Million With the Addition of Two Partners

LOMBARD, Ill., Jan. 24, 2019 /PRNewswire/ -- Forum Financial Management grows to more than $3.6 billion under management with the addition of Lamia Financial Group, a wealth management firm located in Thousand Oaks, CA with $281 million under management, and Vantage Point Advisors, located in Salt Lake City, Utah with $97 million under management. Since 2018, Forum Financial Management, based in Lombard, IL, has added a total of 16 advisors to its national team of 66 advisors.

Jonathan Rogers, Forum Financial Management co-managing partner, sees this type of independent advisor firm growth as a sign of strength in the face of recent industry clashes with robo advisors and acquisition-oriented firms.

"We're about collaboration, not expansion for expansion sake," Rogers said. "What we saw last year was a great many independent firms swallowed up by conglomerates. It reminded us why we designed our partnership model to be different, so it can remain independent into perpetuity."

In June 2018, the Financial Times noted this merger trend and the actions of "RIA consolidator" firms as it looked at the Registered Investment Advisor landscape for the fifth edition of its annual advisor survey. With headquarters in Lombard, Illinois, Forum Financial Management was one of 21 Illinois firms named to the 2018 Financial Times 300 Top Registered Investment Advisers survey. 

New Forum partners are Barbara Ray, founder of Vantage Point Advisors, and Christopher Lamia, founder of Lamia Financial Group. Lamia decided to bring the firm he founded in 2008 into Forum Financial Management after meeting Forum's team and recognizing the two firms shared a similar vision and commitment to clients.

"You look for great people who share your philosophy for how to provide financial and investment advice," Lamia commented. "I feel quite fortunate to be part of a team with a diverse set of skills where that diversity creates an energetic environment of collegiality and collaboration. This has allowed us to succeed as an independent practice and is what will continue to fuel our growth as a Forum partner office."

Forum Financial Management continues to attract new partners and advisors by positioning its advisors and technology to be attractive to next-generation clients. Rogers said, "Forum has the ability to serve investors who want to connect with a true advisor in a way that is consistent with today's tech-driven world."

For more information about Forum Financial Management, visit www.forumfin.com

Why Do Advisors Keep Joining Forum Financial Management?

By Advisors, For Advisors — Forum Financial Management was created as a partnership of advisors and continues to be 100% advisor-owned. Forum's leadership knows the needs of advisors and their clients, and they structured the firm accordingly for sustainable succession. In 2018, Forum Financial Management saw its highest growth in the organization's history with a total of 14 new advisors joining the firm.

Transformative Technology — While Forum Financial Management uses industry flagship technology for critical functions, the leadership team also saw an opportunity to use their fintech knowledge to build a proprietary CRM in the HUB, which does not just assign tasks but truly automates workflows. The HUB gives Forum advisors and client service teams hours back every day by putting client onboarding, risk tolerance, portfolio analysis, financial planning, client relationship management and the generation of custodial and RIA paperwork all in one unified system.

Academic Investment Principles — Forum's investment philosophy is founded in academic theory and grounded in Dimensional Fund Advisors (DFA) funds. As an independent firm, Forum Financial Management seeks the best solution for its clients, so other funds are used when Forum's Investment Committee determines such funds would provide an optimal offering.

Fiduciary Advice — Forum's partners and advisors have diverse experience across the disciplines of wealth management. Across the partnership, advisors rely on each other to provide the best advice possible.

Client Focused, Client Facing — Forum Financial Management prefers working with advisors who are committed to spending their time interacting with their clients, not running their business. Forum's leadership team looks for potential in DFA advisors running a solo practice or small enterprise practices.

Forum Financial Management, LP is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the advisor has attained a particular level of skill or ability. The home office is located at 1900 S. Highland Ave., Suite 100, Lombard, IL 60148. Before making an investment decision, please contact our office at 630.873.8520 to receive a copy of Forum's Advisory Agreement and Form ADV Part 2A, which includes Forum's fee schedule. This information is intended to serve as a basis for further discussion with your professional advisors. Although great effort has been taken to provide accurate numbers and explanations, this information should not be relied upon for making investment decisions. web: www.forumfin.com

Third-party rankings and recognition from rating services or publications are no guarantee of future investment success. Working with a highly rated advisor does not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client's evaluation. Generally, ratings, rankings and recognition are based on information prepared and submitted by the advisor.

SOURCE Forum Financial Management

Related Links

https://www.forumfin.com