Fsi Group, LLC (Cincinnati)

Name: Fsi Group, LLC
Address: 441 Vine Street, Cincinnati, OH, 45202
Telephone: 513-746-2200

Fsi Group, LLC is a large advisory firm based in Cincinnati. It manages $117.94 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of Ohio.

Fsi Group provides portfolio management for pooled investment vehicles and asset management services for u.s. dept of treasury & separately managed accounts. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fsi Group: assets under management

The assets under management (AUM) of Fsi Group, LLC is $117.94 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -98% since the beginning of its operation, and $11.5 million of the total AUM is attributable to clients outside of the United States.

The firm manages $117.94 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $19.66 million each.

Fsi Group has custody of $96.74 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fsi Group, LLC for their services and products based on a percentage of assets under management, fixed fees, 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 Fsi Group serves?

The only and largest group of clients of Fsi Group is pooled investment vehicles with 1 clients and $96.74 million of assets under management. Among the 12 most similar advisory firms, Fsi Group has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $96.74 million for 1 clients. 29% of the firm’s clients are foreign persons or businesses.

Fsi Group also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Fsi Group, LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Neal Stein	Member, elected manager, chairman & ceo	1 May 1995	25% - 50%	4373099
John Magrish Stein	Member, elected manager, president & chief operating officer	1 May 1995	25% - 50%	4373119
Charles Frederick Croog	General counsel & chief compliance officer	1 Jul 1998	Other	4373137
John Jerome Penote	Chief financial officer	1 May 2002	Other	4649917
Monique Rene Riccobelli	Managing director & chief administrative officer	1 Sep 2004	Other	4865167
Christopher Allen Nelson	Chief compliance officer	1 Mar 2007	Other	2384935
Inc. Fsi Group Holdings	Member	1 Apr 2008	Other	80-0168859
Llc Fsi Group Holdings	Owner	1 Apr 2008	Other	80-0168859
Cassandra Wambaugh Borchers	Chief compliance officer	1 Feb 2009	Other	2942013
Inc. Winthrop & Valentine	Member	1 May 2017	25% - 50%	82-0741440
Inc. 5217 El	Member	1 May 2017	25% - 50%	82-0738090

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Steven Neal Stein	Shareholder	1 Apr 2008	50% - 75%	4373099
John Magrish Stein	Shareholder	1 Apr 2008	25% - 50%	4373119
Alexander David Warm	Shareholder	1 Apr 2008	25% - 50%	4373121
Steven Neal Stein	Shareholder	1 May 2017	75% - 100%	4373099
John Magrish Stein	Shareholder	1 May 2017	75% - 100%	4373119

Based in Cincinnati

The principal office where Fsi Group, LLC performs its advisory services is located at 441 Vine Street, Cincinnati, OH 45202, which is also the mailing address of the firm. An additional office of the firm is in Greenwich, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 513-746-2200 or by fax 513-746-2201. The normal business hours are 8:30 a.m.-5:30 p.m. on Monday - Friday. You can find more information about the New York firm at fsig.com/.