# FS FUND ADVISOR, LLC

FS FUND ADVISOR, LLC of PHILADELPHIA, PA is an SEC-registered investment adviser.

## Registration

- CRD: 286673
- Type: SEC-registered investment adviser
- SEC file number: 801-110117
- Location: 3025 JFK BOULEVARD, OFC 500, PHILADELPHIA, PA, 19104
- Phone: 215-220-6651
- Latest filing: 2026-03-25
- Regulatory AUM: $1.6B
- Discretionary AUM: $1.6B
- Clients: 118
- Accounts: 1

## Business model

- Compensation: % of AUM
- Clients served: Other

## Officers, owners & control persons (23)

| Name | Role | Location |
| --- | --- | --- |
| David Jason Adelman | MEMBER; PRINCIPAL | NEW YORK, NY |
| Bryant Robert | CHIEF LEGAL OFFICER | Greenwich, CT |
| Michael Craig Forman | CHAIRMAN AND CEO; LIMITED PARTNER; MANAGING MEMBER (+1 more) | — |
| Michael Jay Heller | TRUSTEE | — |
| Elizabeth Camilla Detwiler | MANAGING DIRECTOR, CCO | — |
| Stephen Scott Sypherd | GENERAL COUNSEL | — |
| Marc Robert Bryant | CHIEF LEGAL OFFICER | — |
| Thomas Robert Trala | TRUSTEE | — |
| Abbey Leigh Romano | NFA COMPLIANCE OFFICER | — |
| Philip Maximilian Browne | CHIEF FINANCIAL OFFICER | — |
| Stephen Thomas Nelb | DERIVATIVES RISK MANAGER | — |
| TRALA THOMAS ROBERT | TRUSTEE | — |
| FORMAN MICHAEL CRAIG | CHAIRMAN AND CEO; LIMITED PARTNER; MANAGING MEMBER (+1 more) | — |
| HELLER MICHAEL JAY | TRUSTEE; TRUSTEE, THE 2011 FORMAN INVESTMENT TRUST | — |
| ADELMAN DAVID JASON | BOARD MEMBER; MANAGING MEMBER OF THE GENERAL PARTNER; MEMBER (+1 more) | — |
| DETWILER ELIZABETH CAMILLA | CCO; MANAGING DIRECTOR, CCO | — |
| Browne Philip | CHIEF FINANCIAL OFFICER | — |
| sypherd stephen | CHIEF LEGAL OFFICER; GENERAL COUNSEL | — |
| NELB STEPHEN THOMAS | DERIVATIVES RISK MANAGER | — |
| SYPHERD STEPHEN SCOTT | GENERAL COUNSEL | — |
| BROWNE PHILIP MAXIMILIAN | CHIEF FINANCIAL OFFICER | — |
| Joseph David Mcgeehin | CHIEF FINANCIAL OFFICER | — |
| Timothy James Bayruns | DERIVATIVES RISK MANAGER | — |


## Branch offices (2)

| City | State | Employees | Phone |
| --- | --- | --- | --- |
| NEW YORK | NY | 2 | 9173385082 |
| NEW YORK | NY | 2 | 9173385082 |


## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/286673/brochure
- Similar advisers: https://search.stillhousedata.com/firm/286673/similar
- Related entities: https://search.stillhousedata.com/firm/286673/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/286673

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Source: public SEC Form ADV data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.