Assets under management Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Total AUM
Total Accounts
10Y AUM Change
Private Funds
Private funds reported by Fs Global Advisor, LLC
Loading private fund disclosures…
Employee Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Total Employees
Clients per Employee
10Y Employee Change
Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.
Ownership
Reported direct and indirect ownership ranges
Each range applies to a separate reported relationship and should not be added together.
Reported ownership ranges
Highlighted bands show the percentage range reported in Form ADV.
0%25%50%75%100%
FSJV HOLDCO LLCDirect owner · Schedule AInterest in FS GLOBAL ADVISOR, LLC
75%+
FSH ADVISOR FEE HOLDINGS, LLCDirect owner · Schedule AInterest in FS GLOBAL ADVISOR, LLC
10% to < 25%
FRANKLIN SQUARE HOLDINGS, L.P.Indirect owner · Schedule BInterest in FSH ADVISOR FEE HOLDINGS, LLC
75%+
MICHAEL CRAIG FORMANIndirect owner · Schedule BInterest in FB CAPITAL PARTNERS, L.P.
75%+
MICHAEL CRAIG FORMANIndirect owner · Schedule BInterest in FB CAPITAL MANAGEMENT, LLC
75%+
FRANKLIN SQUARE HOLDINGS, L.P.Indirect owner · Schedule BInterest in FSH HOLDCO SUB LLC
75%+
FRANKLIN SQUARE HOLDINGS, L.P.Indirect owner · Schedule BInterest in FSH HOLDCO LLC
75%+
MICHAEL CRAIG FORMANIndirect owner · Schedule BInterest in FRANKLIN SQUARE HOLDINGS, G.P., LLC
50% to < 75%
DAVID JASON ADELMANIndirect owner · Schedule BInterest in FRANKLIN SQUARE HOLDINGS, G.P., LLC
50% to < 75%
FRANKLIN SQUARE HOLDINGS, L.P.Indirect owner · Schedule BInterest in FSJV HOLDCO LLC
50% to < 75%
FSH NCI AGGREGATOR, LLCIndirect owner · Schedule BInterest in FRANKLIN SQUARE HOLDINGS, L.P.
25% to < 50%
THE 2011 FORMAN INVESTMENT TRUSTIndirect owner · Schedule BInterest in FSH NCI AGGREGATOR, LLC
25% to < 50%
FB CAPITAL PARTNERS, L.P.Indirect owner · Schedule BInterest in FSH NCI AGGREGATOR, LLC
25% to < 50%
FSH ADVISOR FEE HOLDINGS, LLCIndirect owner · Schedule BInterest in FSJV HOLDCO LLC
25% to < 50%
Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to Fs Global Advisor, LLC.
Reported ownership and control details
Form ADV · Filing date 2026-06-10 · Schedules A and B
| # | Owner / person & role | Interest in entity | Reported interest | Control person | Title / status acquired | Source |
|---|---|---|---|---|---|---|
| 1 | MICHAEL CRAIG FORMANCHIEF EXECUTIVE OFFICERIndividual | FS GLOBAL ADVISOR, LLC | Less than 5%Code NA | Yes | CHIEF EXECUTIVE OFFICER01/2013 | Schedule APDF page 51 |
| 2 | DAVID JASON ADELMANPRINCIPALIndividual | FS GLOBAL ADVISOR, LLC | Less than 5%Code NA | Yes | PRINCIPAL01/2013 | Schedule APDF page 51 |
| 3 | ELIZABETH CAMILLA DETWILERMANAGING DIRECTOR, CCOIndividual | FS GLOBAL ADVISOR, LLC | Less than 5%Code NA | Yes | MANAGING DIRECTOR, CCO05/2015 | Schedule APDF page 51 |
| 4 | STEPHEN SYPHERDGENERAL COUNSELIndividual | FS GLOBAL ADVISOR, LLC | Less than 5%Code NA | Yes | GENERAL COUNSEL01/2013 | Schedule APDF page 51 |
| 5 | MARC ROBERT BRYANTCHIEF LEGAL OFFICERIndividual | FS GLOBAL ADVISOR, LLC | Less than 5%Code NA | Yes | CHIEF LEGAL OFFICER05/2019 | Schedule APDF page 51 |
| 6 | FSH ADVISOR FEE HOLDINGS, LLCMEMBERDomestic entity | FS GLOBAL ADVISOR, LLC | 10% to less than 25%Code B | Yes | MEMBER06/2023 | Schedule APDF page 51 |
| 7 | FSJV HOLDCO LLCMEMBERDomestic entity | FS GLOBAL ADVISOR, LLC | 75% or moreCode E | Yes | MEMBER06/2023 | Schedule APDF page 51 |
| 8 | JOSEPH DAVID MCGEEHINCHIEF FINANCIAL OFFICERIndividual | FS GLOBAL ADVISOR, LLC | Less than 5%Code NA | Yes | CHIEF FINANCIAL OFFICER07/2025 | Schedule APDF page 51 |
| 9 | William John KirbyDERIVATIVES RISK MANAGERIndividual | FS GLOBAL ADVISOR, LLC | Less than 5%Code NA | No | DERIVATIVES RISK MANAGER01/2026 | Schedule APDF page 51 |
| 10 | MICHAEL CRAIG FORMANMANAGING MEMBERIndividual | FRANKLIN SQUARE HOLDINGS, G.P., LLC | 50% to less than 75%Code D | Yes | MANAGING MEMBER05/2007 | Schedule BPDF page 51 |
| 11 | DAVID JASON ADELMANMEMBERIndividual | FRANKLIN SQUARE HOLDINGS, G.P., LLC | 50% to less than 75%Code D | Yes | MEMBER05/2007 | Schedule BPDF page 51 |
| 12 | MICHAEL JAY HELLERTRUSTEEIndividual | THE 2011 FORMAN INVESTMENT TRUST | Percentage not specifiedCode F | No | TRUSTEE01/2012 | Schedule BPDF page 51 |
| 13 | FRANKLIN SQUARE HOLDINGS, G.P., LLCGENERAL PARTNERDomestic entity | FRANKLIN SQUARE HOLDINGS, L.P. | Percentage not specifiedCode F | Yes | GENERAL PARTNER05/2007 | Schedule BPDF page 51 |
| 14 | FRANKLIN SQUARE HOLDINGS, L.P.MEMBERDomestic entity | FSH ADVISOR FEE HOLDINGS, LLC | 75% or moreCode E | Yes | MEMBER06/2023 | Schedule BPDF page 51 |
| 15 | FSH NCI AGGREGATOR, LLCLIMITED PARTNERDomestic entity | FRANKLIN SQUARE HOLDINGS, L.P. | 25% to less than 50%Code C | Yes | LIMITED PARTNER06/2023 | Schedule BPDF page 51 |
| 16 | THE 2011 FORMAN INVESTMENT TRUSTMEMBERDomestic entity | FSH NCI AGGREGATOR, LLC | 25% to less than 50%Code C | Yes | MEMBER06/2023 | Schedule BPDF page 51 |
| 17 | FB CAPITAL PARTNERS, L.P.MEMBERDomestic entity | FSH NCI AGGREGATOR, LLC | 25% to less than 50%Code C | Yes | MEMBER06/2023 | Schedule BPDF page 51 |
| 18 | MICHAEL CRAIG FORMANLIMITED PARTNERIndividual | FB CAPITAL PARTNERS, L.P. | 75% or moreCode E | Yes | LIMITED PARTNER08/2005 | Schedule BPDF page 51 |
| 19 | FB CAPITAL MANAGEMENT, LLCGENERAL PARTNERDomestic entity | FB CAPITAL PARTNERS, L.P. | Percentage not specifiedCode F | Yes | GENERAL PARTNER01/2013 | Schedule BPDF page 51 |
| 20 | MICHAEL CRAIG FORMANSOLE MEMBERIndividual | FB CAPITAL MANAGEMENT, LLC | 75% or moreCode E | Yes | SOLE MEMBER02/2007 | Schedule BPDF page 51 |
| 21 | FSH ADVISOR FEE HOLDINGS, LLCMEMBERDomestic entity | FSJV HOLDCO LLC | 25% to less than 50%Code C | Yes | MEMBER06/2023 | Schedule BPDF page 52 |
| 22 | FRANKLIN SQUARE HOLDINGS, L.P.MEMBERDomestic entity | FSH HOLDCO SUB LLC | 75% or moreCode E | Yes | MEMBER06/2023 | Schedule BPDF page 52 |
| 23 | FSH HOLDCO SUB LLCMEMBERDomestic entity | FSJV HOLDCO LLC | Percentage not specifiedCode F | No | MEMBER06/2023 | Schedule BPDF page 52 |
| 24 | FRANKLIN SQUARE HOLDINGS, L.P.MEMBERDomestic entity | FSJV HOLDCO LLC | 50% to less than 75%Code D | Yes | MEMBER06/2023 | Schedule BPDF page 52 |
| 25 | FSH HOLDCO LLCMEMBERDomestic entity | FSH HOLDCO SUB LLC | Percentage not specifiedCode F | No | MEMBER06/2023 | Schedule BPDF page 52 |
| 26 | FRANKLIN SQUARE HOLDINGS, L.P.MEMBERDomestic entity | FSH HOLDCO LLC | 75% or moreCode E | Yes | MEMBER06/2023 | Schedule BPDF page 52 |
| 27 | THOMAS ROBERT TRALATRUSTEE OF THE 2011 FORMAN INVESTMENT TRUSTIndividual | THE 2011 FORMAN INVESTMENT TRUST | Percentage not specifiedCode F | No | TRUSTEE OF THE 2011 FORMAN INVESTMENT TRUST01/2020 | Schedule BPDF page 52 |
Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.
Compliance & Disclosures
Filing dated 6/10/2026 5:04:15 PM
Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.
RIA or supervised-person involvementThe RIA reported that none of the events below involve the firm or its supervised persons.RIA responseNo
AFelonies2 No
In the past ten years, have you or any advisory affiliate:
- A1Been convicted of or pleaded guilty or no contest to a felony?No
- A2Been charged with a felony?No
BMisdemeanors2 No
In the past ten years, have you or any advisory affiliate:
- B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
- B2Been charged with a misdemeanor of the kind listed above?No
CSEC or CFTC actions5 No
Has the SEC or CFTC ever:
- C1Found you or an advisory affiliate made a false statement or omission?No
- C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?No
- C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- C4Entered an order against you or an advisory affiliate in connection with investment-related activity?No
- C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?No
DOther regulatory actions5 No
Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:
- D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
- D2Found you or an advisory affiliate violated investment-related regulations or statutes?No
- D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?No
- D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No
ESelf-regulatory organization actions4 No
Has a self-regulatory organization or commodities exchange ever:
- E1Found you or an advisory affiliate made a false statement or omission?No
- E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?No
- E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No
FProfessional authorizations1 No
- FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No
GPending regulatory proceedings1 No
- GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No
HCivil judicial actions and proceedings4 No
(1) Court actions
Has a domestic or foreign court:
- H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
- H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
- H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No
(2) Pending civil proceedings
- H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No
* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.