Fort, L.P. is a large advisory firm based in Chevy Chase. It manages $2.5 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Maryland and New York.
Fort provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Fort, L.P. is $2.5 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 616% since the beginning of its operation, and $2.49 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Fort, L.P. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Stuart Henry Bohart is pooled investment vehicles with 11 clients and $2.5 billion of assets under management. Among the 5 most similar advisory firms, Fort has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $2.5 billion for 11 clients. 68% of the firm’s clients are foreign persons or businesses.
Fort also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $2,000,000.
The company employs 60 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 12 people 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.
Stuart Henry Bohart has been acting as President since 1 May 2018. Benjamin Sabol joined the executive team most recently as the Head Of Risk Management.
The principal office where Fort, L.P. performs its advisory services is located at 2 Wisconsin Circle, Chevy Chase, MD 20815 7003, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 301-986-6940. The normal business hours are 9:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at fortlp.com.