Forester Capital, L.L.C. (Stamford)

Name: Forester Capital, L.L.C.
Address: 700 Canal Street, Stamford, CT, 06902
Telephone: 203-983-7380

Forester Capital, L.L.C. is a large advisory firm based in Stamford. It manages $2.13 billion of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Connecticut.

Forester Capital, L.L.C provides portfolio management for pooled investment vehicles 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.

Forester Capital, L.L.C: assets under management

The assets under management (AUM) of Forester Capital, L.L.C. is $2.13 billion. The firm's AUM has gone down by -36% since the beginning of its operation, and $1.51 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.98 billion in discretionary accounts and $145.82 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $131.97 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $145.82 million.

Forester Capital, L.L.C has custody of $1.81 billion in cash and securities for 13 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Forester Capital, L.L.C. for their services and products based on a percentage of assets under management, 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.

What kind of clients Forester Capital, L.L.C serves?

The only and largest group of clients of Forester Capital, L.L.C is pooled investment vehicles with 15 clients and $1.98 billion of assets under management. Among the 13 most similar advisory firms, Forester Capital, L.L.C has the 7th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.98 billion for 15 clients. 50% of the firm’s clients are foreign persons or businesses.

Forester Capital, L.L.C also advises several private funds. Namely, thirteen hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $2,000,000.

Careers at Forester Capital, L.L.C.

The company employs 21 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Trent Andrew Carmichael	Managing member	1 Sep 1999	75% - 100%	1855939
Michael J Daly	Chief financial officer	1 Mar 2004	Other	2640488
Jonas Caliban Katz	Chief compliance officer; general counsel	1 Mar 2010	Other	5141475
Matthew David Saldarelli	Chief compliance officer, general counsel	1 Mar 2016	Other	5655399

Based in Stamford

The principal office where Forester Capital, L.L.C. performs its advisory services is located at 700 Canal Street, Stamford, CT 06902, 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 203-983-7380 or by fax 203-983-7399. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at forestercapital.com.