Fortis Advisors, LLC is a large advisory firm based in King Of Prussia. It manages $348.74 million of regulatory assets for 268 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Colorado, Illinois, New Jersey, and Pennsylvania.
Fortis Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Fortis Advisors, LLC is $348.74 million. The firm's AUM has grown by 188% since the beginning of its operation, and $200.4 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Fortis Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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.
The firm provides services to individuals, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Derek Brock Boles is high net worth individuals with 45 clients and $120.91 million of assets under management. Among the 8 most similar advisory firms, Fortis Advisors has the lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $286.39 million for 73 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.
Fortis Advisors also advises several private funds. Namely, one hedge fund and one real estate fund. The minimum investment commitment required of non-related persons ranges from $25,000 to $100,000.
The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 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.
Derek Brock Boles has been acting as President since 1 Aug 2013. Matthew Topley has served as the Chief Investment Officer since 1 Dec 2014. Colleen Anne Kelly joined the executive team most recently as the Chief Compliance Officer.
The principal office where Fortis Advisors, LLC performs its advisory services is located at 1045 First Avenue, King Of Prussia, PA 19406, 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 610-313-0910 or by fax 610-337-0961. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at fortispartnersllc.com.