Fs Investment Advisor, LLC (Philadelphia)


Fs Investment Advisor, LLC is a large advisory firm based in Philadelphia. It manages $4.32 billion of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of Pennsylvania.

Fs Investment Advisor provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fs Investment Advisor: assets under management

The assets under management (AUM) of Fs Investment Advisor, LLC is $4.32 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2158893% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.32 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.32 billion each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fs Investment Advisor, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Fs Investment Advisor serves?

The only and largest group of clients of Fs Investment Advisor is business development companies with 1 clients and $4.32 billion of assets under management. Among the 11 most similar advisory firms, Fs Investment Advisor has the highest percentage of business development companies out of all clients.

The amount of regulatory assets under management is $4.32 billion for 1 clients. None of the firm’s clients are foreign persons or businesses.

Fs Investment Advisor doesn't advise any private funds.

Careers at Fs Investment Advisor, LLC

The company employs 147 people that are either part- or full-time employees. 7 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Elizabeth C Detwiler joined the executive team most recently as the General Counsel, Cco.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Michael Craig Forman Chief executive officer 1 Sep 2010 Other 5517777
David J Adelman Principal 1 Sep 2010 Other 5517785
L.P. Darco Capital Member; class a 1 Sep 2010 Other 26-0161881
L.P. Franklin Square Holdings Member; class c 1 Sep 2010 75% - 100% 26-0196373
David Jason Adelman Principal 1 Sep 2010 Other 5517785
L.P. Fb Capital Partners Managing member; class a 1 Sep 2010 Other 20-3279942
Adrienne Yost Hart Chief compliance officer 1 Sep 2010 Other 1510179
The 2011 Forman Investment Trust Member; class a 1 Jan 2012 Other 38-7012473
Michael Jay Heller Trustee - the 2011 forman investment trust 1 Jan 2012 Other 6046092
Michelle Marie Logue Chief compliance officer 1 Aug 2014 Other 2169361
Stephen Sypherd General counsel 1 Jan 2015 Other 6926662
Philip Browne Cfo 1 Jan 2015 Other 6926656
Elizabeth C Detwiler General counsel, cco 1 May 2015 Other 4361137
Elizabeth Camilla Detwiler Svp, cco 1 May 2015 Other 4361137

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
Michael Craig Forman Managing general partner 1 Aug 2005 75% - 100% 5517777
David J Adelman Managing member of the general partner 1 Mar 2007 25% - 50% 5517785
David Jason Adelman Managing member of the general partner 1 Mar 2007 25% - 50% 5517785
Llc Franklin Square Holdings G.P. General partner 1 May 2007 Other 26-0196189
Michael Craig Forman Managing member 1 May 2007 50% - 75% 5517777
David J Adelman Member 1 May 2007 50% - 75% 5517785
David Jason Adelman Member 1 May 2007 50% - 75% 5517785

Based in Philadelphia

The principal office where Fs Investment Advisor, LLC performs its advisory services is located at 201 Rouse Boulevard, Philadelphia, PA 19112, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 215-495-1150 or by fax 215-222-4649. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at franklinsquare.com.