Why I Became a Financial Advisor
My first job out of college was working for a financial advisor who was also a Certified Public Accountant. I realized that I loved learning about finance and money. Until that point, all I had known about money was that it represented a huge source of stress for my family when I was growing up. My mom was a single mom, and she struggled to remain financially stable throughout my childhood. I learned very quickly how important it is to save and have a plan. I am so fortunate to be in a professional role where I can help others plan for their future and teach them about what a huge impact saving can have on financial freedom now and in the future.
Karma Forrestal believes that educating clients is a fundamental responsibility of financial advisors. With a passion for mathematics and a profound respect for those who teach others, Karma helps clients map out their goals with an emphasis on understanding how they will achieve them. Committed to helping individuals become financially independent, Karma has a genuine concern for her clients and enjoys building strong relationships with them.
Before joining Forum in 2012, she spent 12 years at Morrison Financial Services in Wheaton, Illinois. During that time, Karma worked with investors in numerous areas across the client experience, including tax preparation and portfolio management.
With more than 20 years of experience in the financial planning and tax planning fields, Karma has experience working with individuals, small business owners, divorcees and retirees. She was instrumental in the creation of Forum Future, Forum’s program exclusively designed to help new investors prepare for early financial milestones and plan for long-term goals.
Karma is a CERTIFIED FINANCIAL PLANNER™ professional. She received a bachelor’s degree in mathematics from Wheaton College in Wheaton.
Karma enjoys spending time with her three children and her husband, Todd. She likes to travel and participate in many sports activities such as running, yoga and skiing.
FORUM ARTICLES & INSIGHTS
A PERSONAL APPROACH
Tell Us About Your Financial Life and Aspirations
Your experience begins with an initial meeting to identify your financial vision for the future and risk tolerance levels. We review our investment philosophy and approach with you so that you fully understand each milestone of our process and how our relationship will evolve over time.
Discuss Topics Crucial to Your Financial Success
Over the course of the next few meetings, the content and breadth of each meeting is defined by your personal needs. We can review your estate planning and risk management needs, discuss retirement accumulation or distribution planning, evaluate educational funding needs, review your tax situation, and go over any other items crucial to your financial success.
Develop a Strategic Plan Unique to You
Once you select an allocation, we put together a strategic implementation plan that will coordinate investment of your portfolio between qualified (tax-advantaged) assets and non-qualified assets in order to maximize tax efficiency. The topics we address during our time with you vary depending on your unique needs and situation.
Putting Your Plan Into Action
We establish your Forum account based on the portfolio allocation we discussed and what we learned about your risk tolerance and financial goals. With your new Forum account now in place, you will have the opportunity to access your Forum Client Portal for the first time and connect with members of the Forum Client Service team.
Review Goals and Plans When Your Life Changes
You will receive reporting that will clearly show your performance net of all fees and compared to applicable market indexes. Additionally your assets are held at a reputable third-party custodian that furnishes independent monthly reports so you can feel confident about the safe handling of your money.