Fsic Ii Advisor, LLC (Philadelphia)


Fsic Ii Advisor, LLC is a large advisory firm based in Philadelphia. It manages $5.11 billion of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Pennsylvania.

Fsic Ii 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 Ii Advisor: assets under management

The assets under management (AUM) of Fsic Ii Advisor, LLC is $5.11 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2554941% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $5.11 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.11 billion each.

Fees & Commissions

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

The only and largest group of clients of Fsic Ii Advisor is business development companies with 1 clients and $5.11 billion of assets under management. Among the 9 most similar advisory firms, Fsic Ii Advisor has the highest percentage of business development companies out of all clients.

The amount of regulatory assets under management is $5.11 billion for 1 clients. None of the firm’s clients are foreign persons or businesses.

Fsic Ii Advisor doesn't advise any private funds.

Careers at Fsic Ii 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
Michael Craig Forman Chief executive officer 1 Nov 2011 Other 5517777
David J Adelman Principal 1 Nov 2011 Other 5517785
L.P. Darco Capital Member;class a 1 Nov 2011 Other 26-0161881
L.P. Franklin Square Holdings Member;class c 1 Nov 2011 75% - 100% 26-0196373
L.P. Fb Capital Partners Managing member; class a 1 Nov 2011 Other 20-3279942
Adrienne Yost Hart Chief compliance officer 1 Nov 2011 Other 1510179
Michael Jay Heller Trustee - the 2011 forman investment trust 1 Jan 2012 Other 6046092
Stephen Sypherd Chief legal officer 1 Feb 2012 Other 6926662
Philip Browne Chief financial officer 1 Apr 2012 Other 6926656
The 2011 Forman Investment Trust Member; class a 1 May 2012 Other 38-7012473
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 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Michael Craig Forman Managing general partner 1 Aug 2005 75% - 100% 5517777
David J Adelman Managing member of the general partner 1 Mar 2007 25% - 50% 5517785
Llc Franklin Square Holdings G.P. 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 Craig Forman Grantor 1 Jan 2012 75% - 100% 5517777

Based in Philadelphia

The principal office where Fsic Ii 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 215-495-1150 or by fax 215-339-1391. The normal business hours are 9:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at franklinsquare.com.