Fs Energy Advisor, LLC (Philadelphia)


Fs Energy Advisor, LLC is a mid-sized advisory firm based in Philadelphia. It manages $49.02 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Pennsylvania.

Fs Energy 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 Energy Advisor: assets under management

The assets under management (AUM) of Fs Energy Advisor, LLC is $49.02 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 36% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $49.02 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $49.02 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fs Energy 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 Fs Energy Advisor serves?

The only and largest group of clients of Fs Energy Advisor is investment companies with 1 clients and $49.02 million of assets under management. Among the 2 most similar advisory firms, Fs Energy Advisor has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $49.02 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Fs Energy Advisor doesn't advise any private funds.

Careers at Fs Energy Advisor, LLC

The company employs 68 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.

Craig Andrew Eidell joined the executive team most recently as the Dcco.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Michael Craig Forman Chief executive officer 1 Feb 2014 Other 5517777
Lp Franklin Square Holdings Member, class c 1 Feb 2014 75% - 100% 26-0196373
The 2011 Forman Investment Trust Member 1 Feb 2014 Other 38-7012473
Elizabeth C Detwiler Cco 1 Feb 2016 Other 4361137
Philip Browne Chief financial officer 1 Feb 2016 Other 6926656
Stephen Sypherd Chief legal officer 1 Feb 2016 Other 6926662
Elizabeth Camilla Detwiler Cco 1 Feb 2016 Other 4361137
David Jason Adelman Principal 1 Jan 2017 Other 5517785
L.P. Darco Capital Member 1 Jan 2017 Other 26-0161881
Craig Andrew Eidell Dcco 1 Mar 2019 Other 4192192

Indirect Owners

The SEC currently registers 5 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 J Adelman Member 1 May 2007 50% - 75% 5517785
Llc Franklin Square Holdings G.P. General partner 1 May 2007 Other 26-0196189
Michael Jay Heller Trustee 1 Jan 2012 Other 6046092

Based in Philadelphia

The principal office where Fs Energy Advisor, LLC performs its advisory services is located at 201 Rouse Blvd., 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) 220-6651. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at fsinvestments.com.