Fsic Iv Advisor, LLC (Philadelphia)

Fsic Iv Advisor, LLC is a large advisory firm based in Philadelphia. It manages $376.31 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Pennsylvania.

Fsic Iv 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.

Fsic Iv Advisor: assets under management

The assets under management (AUM) of Fsic Iv Advisor, LLC is $376.31 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 188053% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $376.31 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $376.31 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fsic Iv 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 Fsic Iv Advisor serves?

The only and largest group of clients of Fsic Iv Advisor is business development companies with 1 clients and $376.31 million of assets under management. Among the 12 most similar advisory firms, Fsic Iv Advisor has the highest percentage of business development companies out of all clients.

The amount of regulatory assets under management is $376.31 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Fsic Iv Advisor doesn't advise any private funds.

Careers at Fsic Iv Advisor, LLC

The company employs 171 people that are either part- or full-time employees. 6 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.

Philip Browne joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Jason Adelman	Principal	1 Jan 2012	Other	5517785
Michael Jay Heller	Trustee - the 2011 forman investment trust	1 Jan 2012	Other	6046092
L.P. Darco Capital	Member, class a	1 Feb 2014	Other	26-0161881
Michael Craig Forman	Chief executive officer	1 Feb 2015	Other	5517777
L.P. Franklin Square Holdings	Member, class c	1 Feb 2015	75% - 100%	26-0196373
The 2011 Forman Investment Trust	Member, class a	1 Feb 2015	Other	38-7012473
Elizabeth C Detwiler	General counsel, cco	1 Feb 2015	Other	4361137
Elizabeth C Detwiler	Svp, cco	1 Apr 2015	Other	4361137
Philip Browne	Chief financial officer	1 Sep 2015	Other	6926656
Stephen Sypherd	Chief legal officer	1 Sep 2015	Other	6926662

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Craig Forman	Managing general partner	1 Aug 2005	75% - 100%	5517777
David Jason Adelman	Managing member of the general partner	1 Mar 2007	25% - 50%	5517785
G.P. Llc Franklin Square Holdings	General partner	1 May 2007	Other	26-0196189
Michael Craig Forman	Managing member	1 May 2007	50% - 75%	5517777
G.P. Llc Franklin Square Holdings	General partner	1 Feb 2015	Other	26-0196189
David J Adelman	Member	1 Feb 2015	50% - 75%	5517785
Michael Jay Heller	Trustee	1 Feb 2015	Other	6046092
David Jason Adelman	Member	1 Feb 2015	50% - 75%	5517785

Based in Philadelphia

The principal office where Fsic Iv 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 215-220-6651 or by fax 215-240-7001. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday.