Fb Income Advisor, LLC (Philadelphia)

Name: Fb Income Advisor, LLC
Address: 201 Rouse Boulevard, Philadelphia, PA, 19112
Telephone: 215-495-1150

Fb Income Advisor, LLC is a large advisory firm based in Philadelphia. It manages $4.1 billion of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Pennsylvania.

Fb Income 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.

Fb Income Advisor: assets under management

The assets under management (AUM) of Fb Income Advisor, LLC is $4.1 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 405778% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.1 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.1 billion each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fb Income 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 Fb Income Advisor serves?

The only and largest group of clients of Fb Income Advisor is business development companies with 1 clients and $4.1 billion of assets under management. Among the 10 most similar advisory firms, Fb Income Advisor has the highest percentage of business development companies out of all clients.

The amount of regulatory assets under management is $4.1 billion for 1 clients. None of the firm’s clients are foreign persons or businesses.

Fb Income Advisor doesn't advise any private funds.

Careers at Fb Income 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 Feb 2008	Other	5517785
Michael Craig Forman	Chief executive officer	1 Feb 2008	Other	5517777
L.P. Fb Capital Partners	Managing member; class a	1 Feb 2008	25% - 50%	20-3279942
L.P. Darco Capital	Member; class a	1 Feb 2008	Other	26-0161881
Fb Capital Partners Lp	Managing member	1 Feb 2008	75% - 100%	20-3279942
Kamal Jafarnia	Chief compliance officer	1 Apr 2008	Other	2890436
Salvatore Rocco Faia	Chief compliance officer	1 Nov 2008	Other	4372361
L.P. Franklin Square Holdings	Member; class c	1 Jan 2010	25% - 50%	26-0196373
Stephen Sypherd	Chief legal officer	1 Aug 2010	Other	6926662
Adrienne Yost Hart	Chief compliance officer	1 Jan 2011	Other	1510179
The 2011 Forman Investment Trust	Member	1 Jan 2012	Other	38-7012473
Michael Jay Heller	Trustee - the 2011 forman investment trust	1 Jan 2012	Other	6046092
Philip Browne	Chief financial officer	1 Apr 2012	Other	6926656
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 5 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
Michael Craig Forman	Managing member	1 May 2007	50% - 75%	5517777
Llc Franklin Square Holdings G.P.	General partner	1 May 2007	Other	26-0196189
David J Adelman	Member	1 May 2007	50% - 75%	5517785

Based in Philadelphia

The principal office where Fb Income 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 215-339-1931. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at franklinsquare.com.