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FS FUND ADVISOR, LLC
CRD 286673File 801-110117
APPROVED
Filing as of Mar 25, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$1.63B
Top 25% of cohort (national)
Discretionary AUM
$1.63B
Clients
1
1 accounts
Employees
118
Above cohort median in PA
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- PLRO
- Registration date
- Mar 8, 2017
- Principal office
- 3025 JFK BOULEVARD, OFC 500, PHILADELPHIA, PA, 19104
- Phone
- 215-220-6651
- Website
- http://fscreit.com
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $1.63B
- Discretionary AUM
- $1.63B
- Non-discretionary AUM
- $0
- Discretionary accounts
- 1
- Non-discretionary accounts
- 0
- Total accounts
- 1
- AUM per client
- $1.63B
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Investment companies | 1 | $1.63B |
Compensation & activities
ADV Items 5E, 5GCompensation
- A percentage of assets under your management
Advisory activities
- Other advisory activities
- Portfolio management for investment companies
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Employees | 126 | 118 | decreased by8 |
| Apr 1, 2026 | Clients | 2 | 1 | decreased by1 |
| Apr 1, 2026 | AUM | $2,033,142,000 | $1,627,418,000 | decreased by$405,724,000 |
| Apr 1, 2026 | Accounts | 2 | 1 | decreased by1 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 106 | 126 | increased by20 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 3 | 2 | decreased by1 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $193,280,500 | $2,033,142,000 | increased by$1,839,861,500 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 1 | 2 | increased by1 |
| Apr 1, 2022 | Employees | 92 | 106 | increased by14 |
| Apr 1, 2022 | Clients | 7 | 3 | decreased by4 |
| Apr 1, 2022 | AUM | $195,095,023 | $193,280,500 | decreased by$1,814,523 |
| Apr 1, 2022 | Accounts | 7 | 1 | decreased by6 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “FS FUND” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“FS FUND” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.