Fs/Eig Advisor, LLC (Philadelphia)

Name: Fs/Eig Advisor, LLC
Address: 201 Rouse Boulevard, Philadelphia, PA, 19112
Telephone: (215) 220-6651

Fs/Eig Advisor, LLC is an investment adviser to a business development company based in Philadelphia. It manages $3.89 billion of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of District of Columbia, New York, and Pennsylvania.

Fs/Eig 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/Eig Advisor: assets under management

The assets under management (AUM) of Fs/Eig Advisor, LLC is $3.89 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.89 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.89 billion each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fs/Eig 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 William Charles Sonneborn serves?

The only and largest group of clients of William Charles Sonneborn is business development companies with 1 clients and $3.89 billion of assets under management. Among the 6 most similar advisory firms, Fs/Eig Advisor has the highest percentage of business development companies out of all clients.

The amount of regulatory assets under management is $3.89 billion for 1 clients. None of the firm’s clients are foreign persons or businesses.

Fs/Eig Advisor doesn't advise any private funds.

Careers at Fs/Eig Advisor, LLC

The company employs 101 people that are either part- or full-time employees. 26 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.

William Charles Sonneborn has been acting as President since 1 Mar 2018. Thomas Eric Long joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Craig Forman	Chief executive officer	1 Mar 2018	Other	5517777
Elizabeth Camilla Detwiler	Svp, cco	1 Mar 2018	Other	4361137
Llc Eig Management Company	Shareholder	1 Mar 2018	25% - 50%	154302
Philip Gardiner Browne	Managing director, finance and administration	1 Mar 2018	Other	6286236
William Charles Sonneborn	President	1 Mar 2018	Other	2538665
Llc Fs Investment Advisor	Member	1 Mar 2018	75% - 100%	156801
Stephen Sypherd	Chief legal officer	1 Mar 2018	Other	6926662
Cori Elizabeth Daggett	Executive director, dcco	1 Oct 2018	Other	1334276
Thomas Eric Long	President	1 Jun 2019	Other	2856876

Indirect Owners

The SEC currently registers 14 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
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
David Jason Adelman	Member	1 May 2007	50% - 75%	5517785
Llc Eig Global Energy Partners	Member	1 May 2010	75% - 100%	27-1585885
Llc Eig Asset Management	Sole member	1 Jun 2010	75% - 100%	27-2767147
David Jason Adelman	Principal	1 Sep 2010	Other	5517785
L.P. Darco Capital	Member, class a	1 Sep 2010	25% - 50%	26-0161881
L.P. Franklin Square Holdings	Member, class c	1 Sep 2010	75% - 100%	26-0196373
The R. Blair Thomas 2010 Irrevocable Trust	Member	1 Nov 2010	50% - 75%	27-6744821
Robert Blair Thomas	Trustee	1 Nov 2010	Other	5073564
Randall Scott Wade	Member (through the randall wade 2010 irrevocable trust and the kristina wade 2010 irrevocable trust, randall wade as trustee)	1 Nov 2010	25% - 50%	5772936
The 2011 Forman Investment Trust	Member, class a	1 Jan 2012	25% - 50%	38-7012473
Michael Jay Heller	Trustee, the 2011 forman investment trust	1 Jan 2012	Other	6046092

Based in Philadelphia

The principal office where Fs/Eig Advisor, LLC performs its advisory services is located at 201 Rouse Boulevard, Philadelphia, PA 19112, which is also the mailing address of the firm. An additional office of the firm is in Washington, DC. 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. 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 fsinvestmentcorp.com.