Description of Firm Forteris Wealth Management, Inc. is an SEC registered investment adviser based in Armonk, New York. We are organized as an S-Corporation under the laws of the State of Delaware. We have been providing investment advisory services since October 27, 1993. We are primarily owned by Jay W. Furst.
The following paragraphs describe our services and fees. Refer to the description of each investment advisory service listed below for information on how we tailor our advisory services to your individual needs. As used in this brochure, the words "we," "our," and "us" refer to Forteris Wealth Management and the words "you," "your," and "client" refer to you as either a client or prospective client of our firm.
Portfolio Management We offer discretionary and non-discretionary portfolio management services. Our investment advice is tailored to meet our clients' needs and investment objectives. If you retain our firm for portfolio management services, we will meet with you to determine your investment objectives, risk tolerance, and other relevant information at the beginning of our advisory relationship. We will use the information we gather to develop a strategy that enables our firm to give you continuous and focused investment advice and/or to make investments on your behalf. As part of our portfolio management services, we may customize an investment portfolio for you according to your risk tolerance and investing objectives. Once we construct an investment portfolio for you, we will monitor your portfolio's performance on an ongoing basis, and will rebalance the portfolio as required by changes in market conditions and in your financial circumstances.
We typically create a portfolio that consists of individual equities, bonds and other fixed income securities, exchange traded funds ("ETFs"), mutual funds, and options. The mutual funds and ETFs will be selected on the basis of any or all of the following criteria: performance history; the industry sector in which the fund invests; the track record of the manager of the fund; the investment objectives of the fund; the management style and philosophy of the fund; and the fund's management fee structure. Each client's individual needs and circumstances will determine portfolio weighting between funds and market sectors.
You may limit our discretionary authority (for example, limiting the types of securities that can be purchased or sold for your account) by providing our firm with your restrictions and guidelines in writing. If you enter into non-discretionary arrangements with our firm, we must obtain your approval prior to executing any transactions on behalf of your account. You have an unrestricted right to decline to implement any advice provided by our firm on a non-discretionary basis.
Financial Planning Services We offer financial planning services which typically involve providing a variety of advisory services to clients regarding the management of their financial resources based upon an analysis of their individual needs. These services can range from broad-based financial planning to consultative or single subject planning. If you retain our firm for financial planning services, we will meet with you to gather information about your financial circumstances and objectives. We may also use financial planning software to determine your current financial position and to define and quantify your long-term goals and objectives. Once we specify those long-term objectives (both financial and non-financial), we 4 will develop shorter-term, targeted objectives. Once we review and analyze the information you provide to our firm and the data derived from our financial planning software, we will deliver either a written plan or verbal advice to you, designed to help you achieve your stated financial goals and objectives.
Since each client has different financial circumstances and needs, each plan will vary from client to client. The areas that we may address include, but are not limited to:
•Personal: Family records, budgeting and cash flow analysis, and the identification and setting of appropriate financial goals.
•Education: Development of an education plan that helps the client understand, analyze and maximize college funding opportunities and set realistic, achievable savings goals.
•Tax Planning: Help the client maximize their overall after-tax financial gains, minimize losses and understand the tax impact of various investments. Forteris does not prepare tax returns but will work closely with a client's tax professional.
•Asset and Income Protection: Assess protection against financial loss in the following areas: life, disability, homeowners, automobile and personal liability.
•Estate Planning: Help the client understand existing estate documents and, if desired, work with client's estate attorney to implement a plan best suited to their specific goals and objectives.
•Retirement: Analysis of current strategies and investment plans to help the client achieve his or her retirement goals.
•Investments: Analysis of investment alternatives and their effect on a client's portfolio. Financial plans are based on your financial situation at the time we present the plan or advice to you, and on the financial information you provide to us. You must promptly notify our firm if your financial situation, goals, objectives, or needs change.
You are under no obligation to act on our financial planning recommendations.

Should you choose to act on any of our recommendations, you are not obligated to implement the financial plan through any of our other investment advisory services. Moreover, you may act on our recommendations by placing securities transactions with any brokerage firm.
Financial Consulting Services We offer financial consulting services that primarily involve advising clients on specific financial-related topics. The topics we address may include, but are not limited to: risk assessment/management, investment planning, financial organization, financial decision making/negotiation, estate planning, retirement planning, review of current holdings in self-directed portfolios or in portfolios held with other investment advisers, brokers or fund companies, or any other specific topic.
Additionally, Forteris provides advice on non-securities related matters. Generally, this is in connection with the rendering of estate planning, insurance, and/or annuity advice. Consulting recommendations are not limited to any specific product or service offered by a broker-dealer or insurance company. Pension Consulting Services We offer pension consulting services to employee benefit plans and their fiduciaries based upon the needs of the plan and the services requested by the plan sponsor or named fiduciary. In general, these services may include an existing plan review and analysis, plan-level advice regarding fund selection 5 and investment options, education services to plan participants, investment performance monitoring, and/or ongoing consulting. These pension consulting services will generally be non-discretionary and advisory in nature. The ultimate decision to act on behalf of the plan shall remain with the plan sponsor or other named fiduciary.
We may also assist with participant enrollment meetings and provide investment-related educational seminars to plan participants on such topics as:
•Diversification
•Asset allocation
•Risk tolerance
•Time horizon Our educational seminars may include other investment-related topics specific to the particular plan.
We may also provide additional types of pension consulting services to plans on an individually negotiated basis. All services, whether discussed above or customized for the plan based upon requirements from the plan fiduciaries (which may include additional plan-level or participant-level services) shall be detailed in a written agreement and be consistent with the parameters set forth in the plan documents.
Types of Investments We offer advice on equity securities, corporate debt securities, mutual funds, exchange traded funds, commercial paper, certificates of deposit, municipal securities, variable life insurance, variable annuities, mutual fund shares, United States government securities, and options contracts on securities.
Additionally, we may advise you on various types of investments based on your stated goals and objectives. We may also provide advice on any type of investment held in your portfolio at the inception of our advisory relationship.
IRA Rollover Recommendations Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the following acknowledgment to you. When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule's provisions, we must:
•Meet a professional standard of care when making investment recommendations (give prudent advice);
•Never put our financial interests ahead of yours when making recommendations (give loyal advice);
•Avoid misleading statements about conflicts of interest, fees, and investments;
•Follow policies and procedures designed to ensure that we give advice that is in your best interest;
•Charge no more than is reasonable for our services; and
•Give you basic information about conflicts of interest. 6 We benefit financially from the rollover of your assets from a retirement account to an account that we manage or provide investment advice, because the assets increase our assets under management and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in your best interest.
Disclosure Statement A copy of Forteris' brochure shall be provided to each client prior to or contemporaneously with the execution of the investment advisory agreement. Any client who has not received a copy of Forteris' brochure at least 48 hours prior to executing the investment advisory agreement shall have five business days subsequent to executing the agreement to terminate Forteris' services without penalty.
Assets Under Management As of December 31, 2023, we provide continuous management services for $157,471,700 in client assets on a discretionary basis, and $656,200 in client assets on a non-discretionary basis.