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About
David McClellan is a Partner and Financial Advisor at Forum Financial Management, LP, based in the Chicago area, where he focuses primarily on retirement planning, tax mitigation strategies, and financial life coaching for individuals and families. He serves a broad client base, often working with high-net-worth individuals to devise solutions for retirement income management, tax-efficient asset location, and Medicare-related financial planning.
With over 30 years of professional experience, McClellan has held executive roles at Morningstar and Pershing, where he led product development initiatives including award-winning retirement planning software and contributed to educational content on retirement tax risks. He is recognized for his expertise in helping clients navigate complex issues such as the so-called "retirement tax bomb" through strategy refinement and comprehensive financial planning.
McClellan earned his MBA from the University of Chicago Booth School of Business with concentrations in strategy, finance, and marketing, and holds a B.A. with honors in economics and history from the University of Texas at Austin. His professional accolades include an Excellence in Communications award from InvestmentNews, and he is a frequent contributor to national publications and industry conferences on retirement and tax planning topics.
Career History
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Forum Financial Management, LP | Partner | Jun 2022 to Present | — |
| Forum Financial Management, LP | Financial Advisor | Aug 2015 to Present | At Forum Financial Management, we help investors build, manage and preserve their wealth. It starts with a dedicated team of partners and advisors with decades of experience across portfolio managemen... |
| Forum Financial Management, LP | Manager, Advisor Business Development | Mar 2017 to Jun 2019 | In this role, I help recruit DFA-aligned financial advisors to Forum Financial, either as an Investment Advisor Representative operating under the Forum brand or as a stand-alone RIA leveraging Forum’... |
| Aivante | VP and Head of Wealth Management Solutions | Jan 2016 to Present | I lead all strategy, product and sales efforts in the wealth management solutions market. Our cutting-edge machine learning technology creates projections of a client’s lifetime healthcare spending, p... |
| 1871 | Mentor (Volunteer) | Dec 2014 to Jun 2017 | Conduct monthly office hours with founders of early-stage start-up firms, advising them on business strategy and execution. |
| Urban Prairie Waldorf School | Founding Parent and Board Member (Volunteer) | May 2008 to Jun 2017 | * Co-founded a Waldorf grade school, which opened in 2009. Waldorf schools engage the whole child—hands, heart, and head, and teach children a passion for learning and creative thinking.
* School has... |
| HedgeACT | Business Advisor | May 2016 to Dec 2016 | HedgeACT is a sophisticated technology platform for hedge fund investing. HedgeACT sources boutique, alpha-generating alternative managers that financial advisors can blend into their model portfolios... |
| Albridge, an Affiliate of Pershing | Director, Strategy and Execution | Mar 2011 to Aug 2015 | * Albridge is Pershing's premium technology affiliate, offering enterprise data management, wealth reporting, compliance technology, workflow solutions and business intelligence.
* Member of executiv... |
| Swim Across America,Inc | Chicago Event Director (Volunteer) | Dec 2011 to Dec 2014 | * Recruited by the CEO to lead turn-around of Chicago swim-for-cancer event that raises money for early-stage cancer research at Rush University Cancer Center. The event had entered its 18th year in 2... |
| Alliance for the Great Lakes | Board Member (Volunteer) | Nov 2005 to Oct 2011 | * Served two three-year terms for this non-profit organization that has been working for 45+ years to conserve and restore the world's largest freshwater resource through policy, education and local e... |
| iNautix USA, a division of Pershing LLC | Director of Business Development | Sep 2008 to Feb 2011 | * iNautix was the premium technology solutions division of Pershing that focused on driving operational efficiency at Pershing clients. It was merged into Albridge in 2011. We offered operational con... |
| ProofSpace | VP and General Manager, Financial Services Vertical | Mar 2007 to Apr 2008 | * Recruited by a former client to become the 4th employee of a start-up with a technology that applies tamper seals to electronic records, enabling instant proof of authenticity. The business was crea... |
Education
The University of Chicago Booth School of Business
MBA, Strategy, Marketing, and Finance
1996 — 1998
The University of Texas at Austin
B.A. with Honors, Economics and History
1986 — 1990
Martin County High School
1982 — 1986
Skills & Expertise
Others at Forum Financial Management, LP (11)
| Name | Role | Location |
|---|---|---|
 | Partner | Lake Forest, IL , United States |
 | Partner | Chicago, IL , United States |
 | Partner | Chicago, IL , United States |
J John Adam | Partner | Lombard, IL , United States |
 | Partner | Cohoes, NY , United States |
 | Associate | San Francisco, CA , United States |
 | Portfolio Trader | Chicago, IL , United States |
 | Partner | Midlothian, VA , United States |
A Andrew Carava | RIA Advisory Program Trader | United States |
J Jennifer Cray | Partner | Menlo Park, CA , United States |
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