Fs/Eig Advisor, LLC (Philadelphia)


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. The adviser charges an additional fee when a set benchmark is outperformed. 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.