Fortigent, LLC (Fort Mill)


Fortigent, LLC is a large advisory firm based in Fort Mill. It manages $2.06 billion of regulatory assets for 975 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama, Arizona, California, and 30 other states.

Fortigent provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and providing advisory support services to other investment advisors. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fortigent: assets under management

The assets under management (AUM) of Fortigent, LLC is $2.06 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1037% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.06 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.11 million each.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fortigent, LLC for their services and products based on a percentage of assets under management and fixed 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 Matthew Klaus Enyedi serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Matthew Klaus Enyedi is high net worth individuals with 416 clients and $1.81 billion of assets under management. Among the 4 most similar advisory firms, Fortigent has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.06 billion for 975 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Fortigent doesn't advise any private funds.

Careers at Fortigent, LLC

The company employs 62 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 9 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.

Matthew Klaus Enyedi has been acting as President since 1 Sep 2014. George Burton White has served as the Chief Investment Officer since 1 Sep 2014 and Andrew Putterman is the Chief Executive Officer of Fortigent, LLC family office. Katherine Dailey Ring joined the executive team most recently as the Senior Vice President, Chief Compliance Officer, Advisory.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Lydian Trust Company Shareholder 1 Dec 2005 75% - 100% 65-0916372
Gary Bryan Carrai Svp 1 Nov 2006 Other 4475696
Andrew Putterman Chief executive officer/vice president 1 Nov 2006 Other 3122891
Chae Kyu Yi Chief compliance officer 1 Nov 2006 Other 2969935
Scott David Welch Vice president/secretary 1 Nov 2006 Other 4038356
David Louis Littleton Senior managing director 1 Nov 2006 Other 5066624
Inc. Fortigent Holdings Company Managing member 1 Dec 2006 75% - 100% 52-186995
Llc Fortigent Holdings Company Managing member 1 Dec 2006 75% - 100% 52-186995
David Littleton Chief compliance officer 1 May 2007 Other 5066624
David Littleton Senior managing director 1 Aug 2007 Other 5066624
Jason Saul Rosenberg Chief compliance officer 1 Aug 2007 Other 2703958
David L. Littleton Secretary 1 Aug 2007 Other 5066624
Nathan Sonnenberg Chief investment officer 1 Nov 2009 Other 4586269
Katherine Dailey Ring Chief compliance officer 1 Sep 2010 Other 4934458
Andrew Putterman Ceo 1 Jan 2013 Other 3122891
James Kennedy Mctintyre President 1 Jan 2013 Other 2512130
Paul Middlemiss Chief compliance officer 1 Feb 2013 Other 2069562
George Burton White Chief investment officer 1 Sep 2014 Other 3057759
Matthew Klaus Enyedi President 1 Sep 2014 Other 4194266
Suzanne Elizabeth Auletta Executive vice president, chief compliance officer 1 Nov 2016 Other 1418817
Kurt Walker Lofgren Chief compliance officer 1 Mar 2017 Other 3048472
Katherine Dailey Ring Senior vice president, chief compliance officer, advisory 1 Oct 2018 Other 4934458

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
Lydian Trust Company Owner 1 Dec 2006 75% - 100% 65-0916372
Lydian Holding Company Owner 1 Dec 2006 50% - 75% 65-0916372
Llc Amg Fl Holdings Owner 1 Aug 2010 25% - 50% 04-3218510
Inc. Affiliated Managers Group Owner 1 Aug 2010 75% - 100% 04-3218510
Lpl Financial Holdings Inc. Parent company 1 Jun 2011 75% - 100% 20-3717839
Lpl Investment Holdings Inc. Parent company 1 Jun 2011 75% - 100% 20-3717839
Inc. Lpl Holdings Parent company 1 Apr 2012 75% - 100% 04-3046611

Based in Fort Mill

The principal office where Fortigent, LLC performs its advisory services is located at 1055 Lpl Way, Fort Mill, SC 29715, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-877-7210 or by fax 704-357-8501. The normal business hours are 8:30 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at fortigent.com.