# FORWARD INVESTMENT ADVISORS, INC.

FORWARD INVESTMENT ADVISORS, INC. of MADISON, WI is an SEC-registered investment adviser. This firm reports disciplinary history on Form ADV.

## Registration

- CRD: 106143
- Type: SEC-registered investment adviser
- SEC file number: 801-45584
- Location: 702 N HIGH POINT ROAD, SUITE 202, MADISON, WI, 53717
- Phone: 608-833-9400
- Latest filing: 2026-03-17
- Regulatory AUM: $60.9M
- Discretionary AUM: $60.6M
- Non-discretionary AUM: $299K
- Clients: 1
- Accounts: 442

## Business model

- Compensation: % of AUM, Hourly
- Clients served: Individuals, High net worth, Corporations

## Officers, owners & control persons (5)

| Name | Role | Location |
| --- | --- | --- |
| JONES CHARLES EDWARD | DIRECTOR | — |
| UNGER ELIZABETH A | SECRETARY/TREASURER; TREASURER | — |
| UNGER DONNA RAE | DIRECTOR | — |
| UNGER RAYMOND FRANK | CEO | — |
| JONES MANDA RAE | DIRECTOR/SECRETARY | — |


## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/106143/brochure
- Similar advisers: https://search.stillhousedata.com/firm/106143/similar
- Related entities: https://search.stillhousedata.com/firm/106143/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/106143

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Source: public SEC Form ADV data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.