Fs Multi Alternative Advisor, LLC (Philadelphia)

Name: Fs Multi Alternative Advisor, LLC
Address: 201 Rouse Boulevard, Philadelphia, PA, 19112
Telephone: 215-220-6651

Fs Multi Alternative Advisor, LLC is a mid-sized advisory firm based in Philadelphia. It manages $38.57 million 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 New York and Pennsylvania.

Fs Multi Alternative Advisor provides portfolio management for investment companies. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fs Multi Alternative Advisor: assets under management

The assets under management (AUM) of Fs Multi Alternative Advisor, LLC is $38.57 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 38467% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $38.57 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $38.57 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Fs Multi Alternative Advisor, LLC for their services and products based on a percentage of assets under management. 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 Multi Alternative Advisor serves?

The only and largest group of clients of Fs Multi Alternative Advisor is investment companies with 1 clients and $38.57 million of assets under management. Among the 1 most similar advisory firms, Fs Multi Alternative Advisor has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $38.57 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Fs Multi Alternative Advisor doesn't advise any private funds.

Careers at Fs Multi Alternative Advisor, LLC

The company employs 65 people that are either part- or full-time employees. 18 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Jay Heller	Trustee, the 2011 forman investment trust	1 Jan 2012	Other	6046092
David Jason Adelman	Principal	1 Jul 2018	Other	5517785
Michael Craig Forman	Chairman and ceo	1 Jul 2018	Other	5517777
L.P. Franklin Square Holdings	Member, class c	1 Jul 2018	75% - 100%	26-0196373
The 2011 Forman Investment Trust	Member, class a	1 Jul 2018	Other	38-7012473
Elizabeth Camilla Detwiler	Chief compliance officer	1 Jul 2018	Other	4361137
L.P. Darco Capital	Member, class a	1 Jul 2018	Other	26-0161881
Stephen Sypherd	Chief legal officer	1 Jul 2018	Other	6926662
Philip Browne	Chief financial officer	1 Jul 2018	Other	6926656
Craig Andrew Eidell	Dcco	1 Mar 2019	Other	4192192

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
David Jason Adelman	Managing member of the general partner	1 Mar 2007	25% - 50%	5517785
Michael Craig Forman	Managing member	1 May 2007	50% - 75%	5517777
David Jason Adelman	Member	1 Feb 2015	50% - 75%	5517785
G.P. Llc Franklin Square Holdings	General partner	1 Jan 2017	Other	26-0196189

Based in Philadelphia

The principal office where Fs Multi Alternative Advisor, LLC performs its advisory services is located at 201 Rouse Boulevard, Philadelphia, PA 19112 The mailing address of the firm is 10 East 53 Rd St., New York, NY 10022. 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 215-339-1931. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at fsinvestments.com.