Forest Investment Associates L.P. (Atlanta)

Name: Forest Investment Associates L.P.
Address: 15 Piedmont Center, Atlanta, GA, 30305 1509
Telephone: 404-261-9575

Forest Investment Associates L.P. is a large advisory firm based in Atlanta. It manages $4.83 billion of regulatory assets for 25 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Georgia.

Forest Investment Associates provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and manages investment advisory accounts containing timberland and agricultural assets. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Forest Investment Associates: assets under management

The assets under management (AUM) of Forest Investment Associates L.P. is $4.83 billion. The firm's AUM has grown by 303% since the beginning of its operation, and $249.95 million of the total AUM is attributable to clients outside of the United States.

The firm manages $4.35 billion in discretionary accounts and $479.14 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $197.84 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $159.71 million.

Forest Investment Associates has custody of $1.11 billion in cash and securities for 25 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Forest Investment Associates L.P. for their services and products based on a percentage of assets under management 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 Leo Michael Kelly serves?

The firm provides services to insurance companies, high net worth individuals, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Leo Michael Kelly is state or municipal government entities with 9 clients and $2.12 billion of assets under management. Among the 10 most similar advisory firms, Forest Investment Associates has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $4.8 billion for 24 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 8% of the firm’s clients are foreign persons or businesses.

Forest Investment Associates also advises several private funds. Namely, five real estate funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $5,000,000.

Careers at Forest Investment Associates L.P.

The company employs 38 people that are either part- or full-time employees. 32 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.

Leo Michael Kelly has been acting as President since 1 Feb 2008. Marc A. Walley joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Forest Investment Associates	General partner	1 Nov 1986	50% - 75%	58-1678749
Investment Income Partnership	Limited partner	1 Jun 1990	Other	36-3137332
Samuel R. Grice	Vp, director of client accounting	1 May 1994	Other	5656628
Charles L. Vanover	Vp, director of real estate transactions	1 Dec 1994	Other	5656630
Leo Michael Kelly	V.p. & director of management	1 Jan 1999	Other	4364388
Victor Scott Bond	Vp, director of marketing	1 Jul 2000	Other	2402356
Christina Dawn Purcell	Vp, director of corporate finance; chief compliance officer	1 Feb 2005	Other	5030066
Llc Forest Investment Associates	General partner	1 Jan 2008	50% - 75%	26-0645472
Leo Michael Kelly	President	1 Feb 2008	Other	4364388
Marc A. Walley	Executive vice president	1 Feb 2008	Other	5655537
Michael P Cerchiaro	Vp, director of international investments & operations	1 Feb 2014	Other	6317088
Matthew A Whitley	Shareholder	1 Feb 2014	Other	6317094
Michael L. Clutter	Vp, director of research and investment strategy	1 Jan 2015	Other	6471064
Marc A. Walley	President	1 Feb 2016	Other	5655537
Michael L. Clutter	Vp, director of u.s. investments & operations	1 Feb 2016	Other	6471064

Indirect Owners

The SEC currently registers 22 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Credit Suisse	Shareholder	1 Dec 1975	75% - 100%	foreign
Credit Suisse Group Ag	Shareholder	1 Mar 1982	75% - 100%	foreign
Charles Melvin Tarver	President	1 Nov 1986	50% - 75%	4364389
National Bank Group Inc.	Shareholder	1 Sep 1999	75% - 100%	foreign
National Bank Financial & Co. Inc.	Shareholder	1 Jan 2000	75% - 100%	foreign
National Bank Financial Inc.	Shareholder	1 Dec 2003	75% - 100%	foreign
Nbf International Holdings Inc.	Shareholder	1 Sep 2004	25% - 50%	foreign
National Bank Acquisition Holding Inc.	Shareholder	1 Nov 2005	75% - 100%	foreign
National Bank Of Canada	Shareholder	1 Nov 2005	75% - 100%	foreign
6811965 Canada Inc.	Shareholder	1 Jul 2007	25% - 50%	foreign
Nbf International Holdings Inc.	Shareholder	1 Jul 2007	75% - 100%	foreign
Inc. Forest Investment Associates	Class a member	1 Jan 2008	50% - 75%	58-1678749
Amf Forest Finance Llc	Class b member	1 Jan 2008	25% - 50%	20-0318739
Llc Amf Forest Finance	Class b member	1 Jan 2008	25% - 50%	20-0318739
Asset Management Finance Corporation	Member	1 Jan 2008	75% - 100%	20-0318739
Asset Management Finance Llc	Member	1 Aug 2008	75% - 100%	20-0318739
Amf Acquisition Llc	Member	1 Aug 2008	75% - 100%	20-0318739
Asset Management Finance Corporation	Member	1 Aug 2008	75% - 100%	20-0318739
Inc. Credit Suisse Holdings (Usa)	Shareholder	1 Aug 2008	75% - 100%	13-2853402
Inc. Forest Investment Associates	Class a member	1 Aug 2015	50% - 75%	58-1678749
Lp Fia Holdings	Class a member	1 Aug 2015	75% - 100%	47-4840462
Llc Fia Gp	General partner	1 Aug 2015	25% - 50%	58-1678749

Based in Atlanta

The principal office where Forest Investment Associates L.P. performs its advisory services is located at 15 Piedmont Center, Atlanta, GA 30305 1509, 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 404-261-9575 or by fax 404-261-9574. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at forestinvest.com.