← Tributary

FS FUND ADVISOR, LLC

PHILADELPHIA, PA · CRD 286673 · IAPD ↗ · fscreit.com · 215-220-6651

$1.63BRegulatory AUM
3Advisory reps
118Employees
0Clients
n/aPlanning clients
0Private funds
2States
0Disclosures
institutionalSegment
ApprovedSEC status

Filing changes

45
April 2026 — FS FUND ADVISOR, LLC shrank from 6 to 3 advisory reps.
Advisory representative count fell materially — advisors are moving, or the firm is shrinking.
Recruiting & transitionsM&A & valuation
20
April 2025 — FS FUND ADVISOR, LLC changed its website from fskkradvisor.com to fscreit.com.
Primary website domain changed (social-media URLs ignored) — usually a rebrand or new site.
Marketing & brand
45
April 2025 — FS FUND ADVISOR, LLC shrank from 11 to 6 advisory reps.
Advisory representative count fell materially — advisors are moving, or the firm is shrinking.
Recruiting & transitionsM&A & valuation
64
April 2024 — FS FUND ADVISOR, LLC grew from 7 to 11 advisory reps.
Advisory representative count grew materially (>=20% or >=5 reps).
CRMRecruiting & transitionsComplianceFinancial planning software
75
April 2024 — FS FUND ADVISOR, LLC crossed $1B in regulatory AUM ($861.2M -> $2.57B).
Regulatory AUM crossed $1B. Large-adviser status changes what they need and can afford.
Portfolio / reporting / TAMPCustodianComplianceIntegration & migration consulting

Data: SEC Form ADV monthly roster (public). Confirm on IAPD before acting.