Foresters Equity Services, Inc. (San Diego)

Name: Foresters Equity Services, Inc.
Address: 6640 Lusk Blvd, San Diego, CA, 92121
Telephone: 858-550-4844

Foresters Equity Services, Inc. is a multi-state adviser based in San Diego. It manages $22.17 million of regulatory assets for 262 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Foresters Equity Services provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Foresters Equity Services: assets under management

The assets under management (AUM) of Foresters Equity Services, Inc. is $22.17 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Foresters Equity Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Frank Leo Smith serves?

The only and largest group of clients of Frank Leo Smith is individuals with 219 clients and $22.17 million of assets under management. Among the 2 most similar advisory firms, Foresters Equity Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $22.17 million for 219 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Foresters Equity Services doesn't advise any private funds.

Careers at Foresters Equity Services, Inc.

The company employs 108 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 108 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 receive compensation from other entities for client referrals.

Frank Leo Smith has been acting as President since 1 Aug 2005. Jason Harris Gerb joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
The Independent Order Of Foresters ("Iof")	Owner	1 May 1986	75% - 100%	23-7563162
Frank Leo Smith	Director	1 Apr 1990	Other	2080590
William Valiquette	Director	1 Mar 1997	Other	2887183
Laura Ann Malechuk	Financial operations principal	1 Oct 1998	Other	1105982
Charles Griffin Cale	Director	1 Jan 2002	Other	4923055
Stephen Anthony Cheeseman	Chief compliance officer	1 Feb 2005	Other	4417613
Frank Leo Smith	President	1 Aug 2005	Other	2080590
Christopher Harry Pinkerton	Director	1 Dec 2006	Other	1385371
Mark E Mcdonough	Vp operations	1 Jun 2007	Other	4254608
George Stephen Mohacsi	Director	1 Aug 2009	Other	xxx-xx-xxxx
Judith Elaine Gil	Vice president compliance	1 Mar 2012	Other	2707895
Larry Lee Noyes	Chairman and director	1 Jul 2012	Other	5969345
Paul Douglas Reaburn	Director	1 Aug 2012	Other	4125521
Jason Harris Gerb	Chief compliance officer	1 Jun 2015	Other	3021815
William Michael Lipkus	Director	1 Jun 2015	Other	2944274

Based in San Diego

The principal office where Foresters Equity Services, Inc. performs its advisory services is located at 6640 Lusk Blvd, San Diego, CA 92121, which is also the mailing address of the firm. An additional office of the firm is in Ocala, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 858-550-4844 or by fax 858-244-4984. The normal business hours are 7-4, 7-3 friday on Monday - Friday. You can find more information about the New York firm at forestersequity.com.