Forefront Wealth Management Inc. (Berwyn)

Name: Forefront Wealth Management Inc.
Address: 1000 Chesterbrook Blvd, Berwyn, PA, 19312
Telephone: 610-600-1099

Forefront Wealth Management Inc. is a large advisory firm based in Berwyn. It manages $118.75 million of regulatory assets for 371 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida and Pennsylvania.

Forefront Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Forefront Wealth Management: assets under management

The assets under management (AUM) of Forefront Wealth Management Inc. is $118.75 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $105.76 million in discretionary accounts and $12.99 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $485.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $84.88 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 52% of the total AUM. The second-largest asset type is investment and business development companies, which make up 25% of the firm’s portfolio. Investments in state and local bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Forefront Wealth Management Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Carl Alan Schultz serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Carl Alan Schultz is high net worth individuals with 41 clients and $97.53 million of assets under management. Among the 10 most similar advisory firms, Forefront Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $118.75 million for 110 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Forefront Wealth Management doesn't advise any private funds.

Careers at Forefront Wealth Management Inc.

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Carl Alan Schultz has been acting as President since 1 Sep 2018. Alexander Konstantinovich Chernukha joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Carl Alan Schultz	President	1 Sep 2018	75% - 100%	720618
Alexander Konstantinovich Chernukha	Chief compliance officer	1 Sep 2018	Other	6421543

Based in Berwyn

The principal office where Forefront Wealth Management Inc. performs its advisory services is located at 1000 Chesterbrook Blvd, Berwyn, PA 19312, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-600-1099 or by fax 610-600-1098. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at 4frontwm.com.