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 Tactical 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 TACTICAL ADVISOR, LLC
75%+
DAVID JASON ADELMANDirect owner · Schedule AInterest in FS TACTICAL ADVISOR, LLC
10% to < 25%
FSH ADVISOR FEE HOLDINGS, LLCDirect owner · Schedule AInterest in FS TACTICAL ADVISOR, LLC
< 5%
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 FSJV HOLDCO, LLC
75%+
DAVID JASON ADELMANIndirect owner · Schedule BInterest in FRANKLIN SQUARE HOLDINGS, G.P., LLC
50% to < 75%
MICHAEL CRAIG FORMANIndirect owner · Schedule BInterest in FRANKLIN SQUARE HOLDINGS, G.P., 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 Tactical 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 FORMANCHAIRMAN AND CEOIndividual | FS TACTICAL ADVISOR, LLC | Less than 5%Code NA | Yes | CHAIRMAN AND CEO03/2019 | Schedule APDF page 47 |
| 2 | ELIZABETH CAMILLA DETWILERCHIEF COMPLIANCE OFFICERIndividual | FS TACTICAL ADVISOR, LLC | Less than 5%Code NA | Yes | CHIEF COMPLIANCE OFFICER03/2019 | Schedule APDF page 47 |
| 3 | STEPHEN SYPHERDGENERAL COUNSELIndividual | FS TACTICAL ADVISOR, LLC | Less than 5%Code NA | Yes | GENERAL COUNSEL03/2019 | Schedule APDF page 47 |
| 4 | MARC ROBERT BRYANTCHIEF LEGAL OFFICERIndividual | FS TACTICAL ADVISOR, LLC | Less than 5%Code NA | Yes | CHIEF LEGAL OFFICER05/2019 | Schedule APDF page 47 |
| 5 | FSH ADVISOR FEE HOLDINGS, LLCMEMBERDomestic entity | FS TACTICAL ADVISOR, LLC | Less than 5%Code NA | Yes | MEMBER06/2023 | Schedule APDF page 47 |
| 6 | FSJV HOLDCO, LLCMEMBERDomestic entity | FS TACTICAL ADVISOR, LLC | 75% or moreCode E | Yes | MEMBER03/2018 | Schedule APDF page 47 |
| 7 | DAVID JASON ADELMANMEMBERIndividual | FS TACTICAL ADVISOR, LLC | 10% to less than 25%Code B | Yes | MEMBER02/2015 | Schedule APDF page 47 |
| 8 | JOSEPH DAVID MCGEEHINCHIEF FINANCIAL OFFICERIndividual | FS TACTICAL ADVISOR, LLC | Less than 5%Code NA | Yes | CHIEF FINANCIAL OFFICER01/2026 | Schedule APDF page 47 |
| 9 | DAVID JASON ADELMANMEMBERIndividual | FRANKLIN SQUARE HOLDINGS, G.P., LLC | 50% to less than 75%Code D | Yes | MEMBER05/2007 | Schedule BPDF page 48 |
| 10 | MICHAEL CRAIG FORMANMANAGING MEMBER OF THE GENERAL PARTNERIndividual | FRANKLIN SQUARE HOLDINGS, G.P., LLC | 50% to less than 75%Code D | Yes | MANAGING MEMBER OF THE GENERAL PARTNER03/2007 | Schedule BPDF page 48 |
| 11 | MICHAEL JAY HELLERTRUSTEEIndividual | THE 2011 FORMAN INVESTMENT TRUST | Percentage not specifiedCode F | Yes | TRUSTEE01/2012 | Schedule BPDF page 48 |
| 12 | FRANKLIN SQUARE HOLDINGS, G.P., LLCGENERAL PARTNERDomestic entity | FRANKLIN SQUARE HOLDINGS, L.P. | Percentage not specifiedCode F | Yes | GENERAL PARTNER05/2007 | Schedule BPDF page 48 |
| 13 | FRANKLIN SQUARE HOLDINGS, L.P.MEMBERDomestic entity | FSH ADVISOR FEE HOLDINGS, LLC | 75% or moreCode E | Yes | MEMBER06/2023 | Schedule BPDF page 48 |
| 14 | 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 48 |
| 15 | THE 2011 FORMAN INVESTMENT TRUSTMEMBERDomestic entity | FSH NCI AGGREGATOR, LLC | 25% to less than 50%Code C | Yes | MEMBER06/2023 | Schedule BPDF page 48 |
| 16 | FB CAPITAL PARTNERS, L.P.MEMBERDomestic entity | FSH NCI AGGREGATOR, LLC | 25% to less than 50%Code C | Yes | MEMBER06/2023 | Schedule BPDF page 48 |
| 17 | MICHAEL CRAIG FORMANLIMITED PARTNERIndividual | FB CAPITAL PARTNERS, L.P. | 75% or moreCode E | Yes | LIMITED PARTNER08/2005 | Schedule BPDF page 48 |
| 18 | FB CAPITAL MANAGEMENT, LLCGENERAL PARTNERDomestic entity | FB CAPITAL PARTNERS, L.P. | Percentage not specifiedCode F | Yes | GENERAL PARTNER01/2013 | Schedule BPDF page 48 |
| 19 | MICHAEL CRAIG FORMANSOLE MEMBERIndividual | FB CAPITAL MANAGEMENT, LLC | 75% or moreCode E | Yes | SOLE MEMBER02/2007 | Schedule BPDF page 48 |
| 20 | FRANKLIN SQUARE HOLDINGS, L.P.MEMBERDomestic entity | FSH HOLDCO LLC | Percentage not specifiedCode F | Yes | MEMBER06/2023 | Schedule BPDF page 48 |
| 21 | FSH HOLDCO SUB, LLCMEMBERDomestic entity | FSJV HOLDCO, LLC | Percentage not specifiedCode F | No | MEMBER06/2023 | Schedule BPDF page 48 |
| 22 | FRANKLIN SQUARE HOLDINGS, L.P.MEMBERDomestic entity | FSJV HOLDCO, LLC | 75% or moreCode E | Yes | MEMBER06/2023 | Schedule BPDF page 48 |
| 23 | FSH HOLDCO LLCMEMBERDomestic entity | FSH HOLDCO SUB, LLC | Percentage not specifiedCode F | No | MEMBER06/2023 | Schedule BPDF page 48 |
| 24 | THOMAS ROBERT TRALATRUSTEEIndividual | THE 2011 FORMAN INVESTMENT TRUST | Percentage not specifiedCode F | Yes | TRUSTEE01/2020 | Schedule BPDF page 48 |
| 25 | FSH ADVISOR FEE HOLDINGS, LLCOWNERDomestic entity | FSJV HOLDCO, LLC | 25% to less than 50%Code C | Yes | OWNER04/2018 | Schedule BPDF page 48 |
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 4:38:53 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.