Fsic Iii Advisor, LLC (Philadelphia)

Name: Fsic Iii Advisor, LLC
Address: 201 Rouse Boulevard, Philadelphia, PA, 19112
Telephone: 215-495-1172

Fsic Iii Advisor, LLC is a large advisory firm based in Philadelphia. It manages $3.85 billion of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Pennsylvania.

Fsic Iii 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 Iii Advisor: assets under management

The assets under management (AUM) of Fsic Iii Advisor, LLC is $3.85 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1923541% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.85 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.85 billion each.

Fees & Commissions

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

The only and largest group of clients of Fsic Iii Advisor is business development companies with 1 clients and $3.85 billion of assets under management. Among the 8 most similar advisory firms, Fsic Iii Advisor has the highest percentage of business development companies out of all clients.

The amount of regulatory assets under management is $3.85 billion for 1 clients. None of the firm’s clients are foreign persons or businesses.

Fsic Iii Advisor doesn't advise any private funds.

Careers at Fsic Iii 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.

Elizabeth C Detwiler joined the executive team most recently as the General Counsel, Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David J Adelman	Principal	1 Mar 2007	Other	5517785
Michael Craig Forman	Chief executive officer	1 Oct 2013	Other	5517777
L.P. Franklin Square Holdings	Member, class c	1 Oct 2013	75% - 100%	26-0196373
The 2011 Forman Investment Trust	Member, class a	1 Oct 2013	Other	38-7012473
L.P. Darco Capital	Member; class a	1 Oct 2013	Other	26-0161881
David J Adelman	Principal	1 Oct 2013	Other	5517785
Adrienne Yost Hart	Chief compliance officer	1 Oct 2013	Other	1510179
Philip Browne	Chief financial officer	1 Jan 2014	Other	6926656
Stephen Sypherd	Chief legal officer	1 Jan 2014	Other	6926662
Michelle Marie Logue	Chief compliance officer	1 Aug 2014	Other	2169361
Elizabeth C Detwiler	General counsel, cco	1 May 2015	Other	4361137

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.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 J Adelman	Member	1 May 2007	50% - 75%	5517785
Michael Jay Heller	Trustee	1 Jan 2012	Other	6046092

Based in Philadelphia

The principal office where Fsic Iii 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 215-495-1172 or by fax 215-339-1931. 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 franklinsquare.com.