Forte Investment House

What Forte Investment House does

Forte Investment House (פורטה ניהול תיקי השקעות בע"מ) is an Israel-based, privately-held boutique investment management firm founded by Hagay Badash (Hagai Bdash), a 22-year capital-markets veteran and former CEO of Psagot Investment House. The firm operates under Portfolio Management License No. 775 from the Israel Securities Authority and runs two product lines: (1) customized discretionary portfolio management for high-net-worth individuals with at least 1 million shekels in free capital, corporate entities, and institutional investors, with portfolios constructed individually based on client horizon, risk tolerance, and goals; and (2) external investment management (Husting) for 14 mutual funds administered by Sigma Mutual Funds Ltd., spanning Israeli equities, international equities (including a U.S. quality equity fund), balanced portfolios, corporate and government bond funds, and pure bond funds, with daily liquidity and bank-channel distribution.

The investment approach is fundamentally driven and discretionary — selective equity and bond selection, focus on cash-flowing companies with healthy balance sheets, dynamic duration and indexation management, and active risk control through diversification. Back-office and governance functions are handled by recognized external providers: EY (audit), Ben-Naftali Erez Zehavi & Co (legal), Leader + Phoenix Insurance (professional liability), Yuval Trust (fund custodian), and Sigma Mutual Funds Ltd. (fund administration). Technology is described at a high level as a portfolio management platform with dynamic construction and risk management capabilities; no proprietary AI/ML or quantitative systems are disclosed.

The business model is asset-management-fee-based across both channels. The firm employs 11+ identified professionals (headcount band 11-50) at its Tel Aviv headquarters in the Platinum Building, including founder/CEO, senior and mid-level investment managers, research, trading and control, marketing, client relations, compliance/operations, and CEO assistant roles. Forte is founder-controlled, single-country (Israel), with no disclosed external private equity, venture, or institutional ownership, no M&A activity, no funding rounds, and no parent or subsidiary structure.

Name

Forte Investment House

Legal name

פורטה ניהול תיקי השקעות בע"מ

Website

https://forte-invest.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Forte Investment House is an Israel-based boutique investment manager operating under ISA License No. 775, offering customized discretionary portfolio management for HNW individuals (1M+ shekels), corporations, and institutions, and externally managing 14 mutual funds via Sigma Mutual Funds.

Ownership category

akta.pro rank

Product category

Investment Management Services

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Banking & UHNW Wealth Advisory (FSAEABAC)

akta.pro secondary industry

Fixed Income Mutual Funds (FSAAAEAB)

Keywords

• Portfolio management services
• Mutual fund management
• Asset management
• Wealth management
• Investment advisory

Headquarters

HQ city

Tel Aviv

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Portfolio Management Fees: Fees charged for managing customized investment portfolios for affluent private clients, corporations, and institutional investors. Portfolios are built individually based on client financial capabilities, investment horizon, and personal needs.
2. Mutual Fund Management: Management fees from managing mutual funds (קרנות נאמנות) including equity funds, bond funds, and balanced portfolios. External investment manager (Husting) for Sigma Kranot Neemaniyot mutual funds.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Forte Investment House is a boutique Israeli investment management firm that builds and manages customized discretionary investment portfolios for high-net-worth individuals (with at least 1 million ILS in free capital), corporate entities, and institutional investors across bonds, equities, and domestic/international markets. The firm additionally serves as the external investment manager (Husting) for 14 mutual funds administered by Sigma Mutual Funds (סיגמא קרנות נאמנות), spanning Israeli equities, international equities, U.S. quality equities, balanced portfolios, and various bond strategies, all operated under Israel Securities Authority License No. 775.

Product overview

Forte Investment House operates as a boutique investment management firm offering two primary product lines: (1) customized Portfolio Management Services for high-net-worth individuals, corporations, and institutional investors, providing tailored investment strategies across equities, bonds, and domestic/international markets, managed through clients' bank accounts with full transparency; and (2) a suite of 15 mutual funds (קרנות נאמנות) managed under external management (Hosting) arrangements with Sigma Mutual Funds, spanning equity funds (including Israeli, international, and U.S. quality equity), balanced funds with various risk profiles (30/70, 20/80, up to 50%), bond funds (government, corporate, general), and pure bond funds, all utilizing a systematic exposure-profile classification system (0-6 for equity, A-F for FX) to indicate maximum risk parameters. The mutual fund lineup is externally managed by Forte while fund administration is handled by Sigma Mutual Funds, with Yuvnak Trust serving as custodian.

Differentiator

Problem solved

Functional benefit

Products and services

• Portfolio Management (ניהול תיקי השקעות) Customized discretionary portfolio management service that builds individual investment portfolios based on each client's financial capability, investment horizon, and personal needs. Portfolios are held transparently in the client's bank account, covering bonds, equities, and Israeli and international securities, with quarterly statements including investment composition, returns, and risk index comparisons. Intended for affluent private individuals with at least 1 million ILS in free capital, corporate entities, and institutional investors.
• Fund-Based Portfolio (תיק השקעות באמצעות קרנות) Investment portfolio composed primarily of mutual funds rather than direct securities, offering tax deferral benefits, no transaction fees on bond and security trading, daily liquidity, and diversified exposure to domestic and international securities. Suitable for clients who prefer mutual fund-based exposure within a managed portfolio structure.
• Forte (4D) Quality Equity USA (5141395) Equity mutual fund offering up to 120% stock exposure and up to 120% foreign currency exposure, focused on quality U.S. equities. Externally managed by Forte under the Sigma Kranot Neemaniyot platform, with daily liquidity and Yuvnak Trust as trustee.
• Forte (4D) International Shares (5137146) International equity mutual fund with up to 120% stock exposure and up to 120% foreign currency exposure. Externally managed by Forte under the Sigma Kranot Neemaniyot platform, with daily liquidity and Yuvnak Trust as trustee.
• Forte (4B) Israeli Shares (5125018) Israeli equity mutual fund with up to 120% stock exposure and up to 30% foreign currency exposure. Externally managed by Forte under the Sigma Kranot Neemaniyot platform, with daily liquidity and Yuvnak Trust as trustee.
• Forte (4D) Shares (5128525) General equity mutual fund with up to 120% stock exposure and up to 120% foreign currency exposure. Externally managed by Forte under the Sigma Kranot Neemaniyot platform, with daily liquidity and Yuvnak Trust as trustee.
• Forte (4D) Investments (5124995) Investment mutual fund with up to 120% stock exposure and up to 120% foreign currency exposure. Externally managed by Forte under the Sigma Kranot Neemaniyot platform, with daily liquidity and Yuvnak Trust as trustee.
• Forte (3C) Investment Portfolio up to 50% (5136569) Balanced mutual fund with up to 50% stock exposure and up to 50% foreign currency exposure. Externally managed by Forte under the Sigma Kranot Neemaniyot platform, with daily liquidity and Yuvnak Trust as trustee.
• Forte (2B) 30/70 (5134432) Conservative balanced mutual fund with up to 30% stock exposure and up to 30% foreign currency exposure. Externally managed by Forte under the Sigma Kranot Neemaniyot platform, with daily liquidity and Yuvnak Trust as trustee.
• Forte (2B) 20/80 (5125000) Conservative balanced mutual fund with up to 20% stock exposure and up to 20% foreign currency exposure. Externally managed by Forte under the Sigma Kranot Neemaniyot platform, with daily liquidity and Yuvnak Trust as trustee.
• Forte (1B) Bond Portfolio up to 10% (5125562) Bond-focused mutual fund with up to 10% stock exposure and up to 30% foreign currency exposure. Externally managed by Forte under the Sigma Kranot Neemaniyot platform, with daily liquidity and Yuvnak Trust as trustee.
• Forte (1B) 10/90 (5128475) Conservative mutual fund with up to 10% stock exposure and up to 30% foreign currency exposure. Externally managed by Forte under the Sigma Kranot Neemaniyot platform, with daily liquidity and Yuvnak Trust as trustee.
• Forte (1B)(!) Corporate Bonds (5125570) Corporate bond mutual fund with up to 10% stock exposure and up to 30% foreign currency exposure. May include exposure to non-investment-grade bonds and unlinked non-Israeli corporate bonds. Externally managed by Forte under the Sigma Kranot Neemaniyot platform, with daily liquidity and Yuvnak Trust as trustee.
• Forte (0B) Bonds without Shares (5128541) Pure bond mutual fund with no stock exposure and no foreign currency exposure. Externally managed by Forte under the Sigma Kranot Neemaniyot platform, with daily liquidity and Yuvnak Trust as trustee.
• Forte (B0)(!) General Bonds (5128483) General bond mutual fund with no stock exposure and up to 30% foreign currency exposure. May include exposure to non-investment-grade bonds and unlinked non-Israeli corporate bonds. Externally managed by Forte under the Sigma Kranot Neemaniyot platform, with daily liquidity and Yuvnak Trust as trustee.
• Forte (1A) Government Bonds + 10% (5136593) Government bond mutual fund with up to 10% stock exposure and up to 10% foreign currency exposure. Externally managed by Forte under the Sigma Kranot Neemaniyot platform, with daily liquidity and Yuvnak Trust as trustee.

Quantifiable outcome

• Quarterly portfolio statements including investment composition, returns, and risk index comparisons
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core, minor and support.

• Sigma Kranot Neemaniyot (סיגמא קרנות נאמנות בע"מ)coreChannel Partner/ Reseller/ DistributorFund manager for 14 mutual funds where Forte serves as external investment manager (Husting). This partnership is fundamental to Forte's mutual fund business, providing distribution and regulatory structure while Forte handles investment management decisions.
• Nodk Capital (נוקד קפיטל)minorStrategic or Co-development PartnerHedge fund manager with affiliation to Forte Investment House. Mentioned in disclosure statement as having affiliated status.
• EY Ernst & Young (ארנסט אנד יאנג)supportImplementation/ SI/ Consulting PartnerExternal auditor providing independent financial audit services for Forte Investment House.
• Ben-Naftali, Erez, Zehavi & Co (בן-נפתלי, ארז, זהבי ושות')supportImplementation/ SI/ Consulting PartnerLegal counsel providing legal advisory services to Forte Investment House.
• Leader + Phoenix Insurance (לידרים, הפניקס)supportOthersProfessional liability insurance provider for Forte Investment House covering investment management activities.
• Yuval (יובנק)coreImplementation/ SI/ Consulting PartnerTrustee for mutual funds managed by Forte. Holds fund assets in trust for unit holders and provides regulatory oversight of fund operations.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Psagot Investment House: One of Israel's largest investment houses offering portfolio management, mutual funds, and institutional services. Direct competitor for HNW and institutional mandates, and former employer of Forte's founder and CEO, making team pedigree and product overlap highly comparable.
• IBI Investment House: Israeli investment house providing portfolio management, mutual funds, and advisory services to private and institutional clients. Comparable in boutique positioning, Israeli regulatory framework, and target customer segments.
• Altshuler-Shacham Investment House: Leading Israeli investment house specializing in portfolio management and mutual funds for private, corporate, and institutional clients with broad equity, bond, and alternative offerings. Directly comparable in product breadth, customer segments, and Israeli regulatory framework.
• Meitav Investment House: Major Israeli investment house managing mutual funds, portfolio management for private and institutional clients, and provident/pension products. Competes directly for HNW wealth, mutual fund distribution, and corporate treasury mandates in the same Israeli market.
• Ilim Mutual Funds (אילים קרנות נאמנות): Israeli mutual fund manager offering a broad lineup of equity, bond, and balanced funds. Forte's Senior Investment Manager previously served as CIO of Ilim (2020-2023), making it a particularly close product and talent comparable.
• Analyst IIM (אנליסט השקעות): Mid-sized Israeli investment house offering mutual funds and managed portfolios with active management focus. Comparable in boutique positioning, equity/bond mutual fund lineup, and Israeli HNW client targeting.
• Mor Investment House: Israeli investment house focused on portfolio management and mutual funds for qualified, institutional, and family-office clients, with emphasis on alternative assets. Direct competitor for Forte's institutional/HNW clients; Forte's marketing director previously worked at Mor.
• Excellence Investment House (Excellence Nessuah): Israeli investment house offering mutual funds, portfolio management, and pension/provident products to retail and institutional clients. Competes with Forte in Israeli mutual fund distribution and managed-portfolio services across similar risk profiles.

Broad incumbents

• Menora Mivtachim Insurance: Large Israeli insurance and financial services group operating mutual fund and managed-portfolio businesses across institutional and retail segments. Broader incumbent competing for the same Israeli institutional and HNW mandates.
• Harel Capital Markets / Harel Insurance: One of Israel's largest insurance and financial services groups, offering mutual funds, portfolio management, and pension/provident products through affiliated investment houses. Broader incumbent competitor with deeper institutional penetration than Forte.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/forte-investment-house

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Forte Investment House