Fs Tactical Advisor, LLC (Philadelphia)

Name: Fs Tactical Advisor, LLC
Address: 201 Rouse Boulevard, Philadelphia, PA, 19112
Telephone: (215)220-6651

Fs Tactical Advisor, LLC is a mid-sized advisory firm based in Philadelphia. It manages $25 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of New York and Pennsylvania.

Fs Tactical Advisor provides portfolio management for pooled investment vehicles. 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 Tactical Advisor: assets under management

The assets under management (AUM) of Fs Tactical Advisor, LLC is $25 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $25 million each.

Fs Tactical Advisor has custody of $25 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Fs Tactical 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 Tactical Advisor serves?

The only and largest group of clients of Fs Tactical Advisor is pooled investment vehicles with 1 clients and $25 million of assets under management. Among the 7 most similar advisory firms, Fs Tactical Advisor has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $25 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Fs Tactical Advisor also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Fs Tactical Advisor, LLC

The company employs 76 people that are either part- or full-time employees. 12 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 Craig Forman	Chairman and ceo	1 Mar 2019	Other	5517777
Elizabeth Camilla Detwiler	Chief compliance officer	1 Mar 2019	Other	4361137
David Jason Adelman	Principal	1 Mar 2019	Other	5517785
Philip Browne	Chief financial officer	1 Mar 2019	Other	6926656
Stephen Sypherd	Chief legal officer	1 Mar 2019	Other	6926662
Andrew D Beckman	Managing director	1 Mar 2019	Other	2634224
Michael Jay Heller	Trustee, the 2011 forman investment trust	1 Mar 2019	Other	6046092
L.P. Franklin Square Holdings	Member, class c	1 Mar 2019	75% - 100%	26-0196373
L.P. Darco Capital	Member, class a	1 Mar 2019	Other	26-0161881
The 2011 Forman Investment Trust	Member, class a	1 Mar 2019	Other	38-7012473

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 of the general partner	1 Mar 2007	25% - 50%	5517777
David Jason Adelman	Member	1 May 2007	50% - 75%	5517785
Michael Jay Heller	Trustee	1 Jan 2012	Other	6046092

Based in Philadelphia

The principal office where Fs Tactical 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 New York, NY. 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.