DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Forge Financial

Independent wealth managerEdmond, OklahomaCRD 306480SEC 801-117938websiteIAPD
Legal name Forge Financial Services, LLC
Latest filing Sep 8, 2026
First filing on the tape Dec 13, 2019 · 24 filings
SEC status approved since Jan 15, 2020
RAUM
$1.5B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$1.5B individuals and HNW
Advisors
15
registered through the firm on IAPD
RAUM per advisor
$97.2M
derived; firm RAUM over IAPD count
Employees
15
15 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$1.5B as of Mar 30, 2026
Mar 31, 2021$791M then
HNW client RAUM$815M as of Mar 30, 2026
Mar 31, 2021$232M then
State-registered IARs (5.B.3)15 as of Mar 30, 2026
Mar 31, 202110 then
Employees (5.A)15 as of Mar 30, 2026
Mar 31, 202113 then
Private funds: no history
RAUM +21% over the last fiscal year+19% a year over threeIARs 14 to 15
Practice profile
derived from the filing of Sep 8, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$97.2MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
312derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$770,578derivedHNW RAUM over HNW clients
Average account
$196,225derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
7.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
+21%derivedbetween the last two annual amendments
Advisor growth, one year
+7.1%derivedItem 5.B.3 between annual amendments
Client growth, one year
+9.8%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, selection of other advisersreportedItem 5.G
Wrap fee program
$1.5BreportedItem 5.I
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$815M56%
  • Individuals$637M44%
  • Corporations and businesses$4.7M0.3%
  • Pension and profit-sharing plans$1.1M0.1%
  • Charitable organizations$304,7680.0%
Individual clients
3,617reported
HNW clients
1,057reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
7,427reported
Financial planning clients
n/areported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd= related_bank= bd_reps=15.0derived
Advisors registered through the firm
15 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Charlotte Nanette WilliamsEdmond, OkJan 15, 202026 y3
Royse Lee MccaslandEdmond, OkJan 15, 202016 y0
James D BurlesonEdmond, OkJan 15, 202022 y0
John Barry DotsonEdmond, OkJan 15, 202014 y1
Toni Denise SelphTulsa, Ok Jan 15, 202013 y0
Christie Jo HughesEdmond, OkJan 15, 202011 y0
Robert Scott WatsonEdmond, OkJan 15, 202010 y0
Geoffrey Beau WeissEdmond, OkJan 15, 202012 y0
Christopher G BeardEdmond, OkJan 15, 202031 y0
David Blaine GibsonEdmond, OkJan 25, 202026 y0
Benjamin Joel LindslyEdmond, OkApr 25, 202313 y0
Kathryn Jean HylanderEdmond, Ok Sep 5, 202412 y0
Kailey Ann MilesEdmond, OkDec 4, 202411 y0
Madison Leigh DeboseEdmond, Ok May 12, 202511 y0
Garrett WebsterEdmond, OkAug 12, 202614 y1
Advisor movement
1 left, 1 joined in 12 months
net 0 in 12 months1 left in 90 days1 joined in 90 daysdeparture rate 6.7% of current headcount2 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • D James Burleson · Chief Financial Officercontrol
    since 11/2019 · owns less than 5%
  • Barry John Dotson · Chief Investment Officercontrol
    since 11/2019 · owns less than 5%
  • Kay Donna Moore · Chief Operations Officercontrol
    since 11/2019 · owns less than 5%
  • Nanette Charlotte Shaw · Chief Executive Officercontrol
    since 02/2004 · owns 75% or more
  • Beau Geoffrey Weiss · Chief Compliance Officercontrol
    since 09/2026 · owns less than 5%
  • Jo Christie Hughes · Vice President
    since 01/2024 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Edmond, Ok · principal1511
Tulsa, Ok300
Offices
Schedule D 1.F, the 25 largest
  • Tulsa, OK2 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Sep 8, 2026
    WEISS, GEOFFREY, BEAU (CHIEF COMPLIANCE OFFICER) appeared on Schedule A between the filings of 2024-03-27 and 2026-09-08
    peers: independent wealth managers, $1B to $5B (1,360)
  • control person changedChange between filings · filing Sep 8, 2026
    MOORE, DONNA, KAY (CHIEF OPERATIONS OFFICER) left Schedule A between the filings of 2024-03-27 and 2026-09-08
    peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
  • Financial planning clients · to unset
    Mar 30, 2026 to Sep 8, 2026
  • Related adviser · false to unset
    Mar 30, 2026 to Sep 8, 2026
  • Related bank · false to unset
    Mar 30, 2026 to Sep 8, 2026
  • Related broker-dealer · false to unset
    Mar 30, 2026 to Sep 8, 2026
  • Related insurance company · false to unset
    Mar 30, 2026 to Sep 8, 2026
  • Succession · false to unset
    Mar 30, 2026 to Sep 8, 2026
  • Accounts · 6,594 to 7,427
    Feb 4, 2026 to Mar 30, 2026
  • Advisory employees · 14 to 15
    Feb 4, 2026 to Mar 30, 2026
  • BD registered reps · 14 to 15
    Feb 4, 2026 to Mar 30, 2026
  • Corporate clients · 5 to 9
    Feb 4, 2026 to Mar 30, 2026
  • HNW clients · 904 to 1,057
    Feb 4, 2026 to Mar 30, 2026
  • Individual clients · 3,354 to 3,617
    Feb 4, 2026 to Mar 30, 2026
  • Employees · 14 to 15
    Feb 4, 2026 to Mar 30, 2026
  • State-registered IARs · 14 to 15
    Feb 4, 2026 to Mar 30, 2026
  • Discretionary RAUM · $1.2B to $1.5B
    Feb 4, 2026 to Mar 30, 2026
  • HNW RAUM · $636M to $815M
    Feb 4, 2026 to Mar 30, 2026
  • Individual RAUM · $561M to $637M
    Feb 4, 2026 to Mar 30, 2026
  • Pension RAUM · $973,794 to $1.1M
    Feb 4, 2026 to Mar 30, 2026
  • RAUM · $1.2B to $1.5B
    Feb 4, 2026 to Mar 30, 2026
  • Accounts · 6,173 to 6,594
    Jun 4, 2024 to Mar 26, 2025
  • Advisory employees · 11 to 14
    Jun 4, 2024 to Mar 26, 2025
  • BD registered reps · 13 to 14
    Jun 4, 2024 to Mar 26, 2025
  • Corporate clients · 9 to 5
    Jun 4, 2024 to Mar 26, 2025
  • HNW clients · 810 to 904
    Jun 4, 2024 to Mar 26, 2025
  • Individual clients · 3,243 to 3,354
    Jun 4, 2024 to Mar 26, 2025
  • Financial planning clients · unset to
    Jun 4, 2024 to Mar 26, 2025
  • State-registered IARs · 13 to 14
    Jun 4, 2024 to Mar 26, 2025
  • Discretionary RAUM · $1.0B to $1.2B
    Jun 4, 2024 to Mar 26, 2025
  • HNW RAUM · $511M to $636M
    Jun 4, 2024 to Mar 26, 2025
  • Individual RAUM · $494M to $561M
    Jun 4, 2024 to Mar 26, 2025
  • Pension RAUM · $770,707 to $973,794
    Jun 4, 2024 to Mar 26, 2025
  • RAUM · $1.0B to $1.2B
    Jun 4, 2024 to Mar 26, 2025
  • Accounts · 5,789 to 6,173
    Dec 19, 2023 to Mar 27, 2024
  • Business name · SHAW FINANCIAL SERVICES to FORGE FINANCIAL
    Dec 19, 2023 to Mar 27, 2024
  • Corporate clients · 7 to 9
    Dec 19, 2023 to Mar 27, 2024
  • HNW clients · 706 to 810
    Dec 19, 2023 to Mar 27, 2024
  • Individual clients · 3,125 to 3,243
    Dec 19, 2023 to Mar 27, 2024
  • Discretionary RAUM · $854M to $1.0B
    Dec 19, 2023 to Mar 27, 2024
  • HNW RAUM · $411M to $511M
    Dec 19, 2023 to Mar 27, 2024
  • Individual RAUM · $441M to $494M
    Dec 19, 2023 to Mar 27, 2024
Signals
7 dated events
  • Jordan Long left Forge Financial for Empower Advisory Group, Llc (registered 2026-08-11)
    Jul 31, 2026 · Advisor changed firm · fact
  • Jonathan Terry Pixley left Forge Financial for Realm Financial Planning (registered 2025-03-03)
    Jan 8, 2025 · Advisor changed firm · fact
  • Barry John Dotson (Chief Investment Officer) appeared on Schedule A of Forge Financial
    Mar 29, 2023 · Control person joined · fact
  • Kay Donna Moore (Chief Operations Officer) appeared on Schedule A of Forge Financial
    Mar 29, 2023 · Control person joined · fact
  • Alan Gary Shaw (Chief Financial Officer) no longer on Schedule A of Forge Financial (listed 2022-10-05, absent 2023-01-31)
    Jan 31, 2023 · Control person left · inference
  • Forge Financial reported RAUM $790.9M, up 77% from $446.5M (2020-10-15 to 2021-03-31)
    Mar 31, 2021 · RAUM change · derived
  • Shaw Financial Services filed its initial SEC registration (Form ADV)
    Dec 13, 2019 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Business phone
405-340-1600reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
800-584-4759reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
918-592-1300reportedpublished by the firm, firm site, Sep 15, 2026
Firm profile
linkedin.com/company/forge-financial-at-lpl-financialreportedpublic record, Form ADV, Sep 17, 2026
Website
forgefinancial.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
405-340-1600reportedpublic record, Form ADV, Sep 8, 2026
Team page
forgefinancial.com/our-teamreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$97.2Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026