AdvisorCensus / Financial advisors / District of Columbia / Washington / FCP
FCP is an SEC-registered investment advisory firm in Chevy Chase, MD, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 8, 2026.
Quick answers
From the filingHow is FCP compensated?
On its Form ADV (Item 5.E, October 2026), FCP reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
Where is FCP located?
FCP's principal office is in Chevy Chase, MD, according to its Form ADV; the June 2026 filing also lists 4 other offices (Schedule D, Section 1.F).
Is FCP registered with the SEC or a state?
FCP is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161468.
How much does FCP manage?
FCP reports $3,477,753,977 in regulatory assets under management in its Form ADV filing dated May 8, 2026 (85% discretionary).
How have FCP's assets and staff changed since 2021?
In the Form ADV data for FCP: Regulatory assets under management: $1,352,448,689 in the October 2021 data and $3,477,753,977 in the October 2026 data, up 157%. Total employees: 61 in October 2021 and 75 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does FCP serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (11); state or municipal government entities (including government pension plans) (1); corporations or other businesses not listed above (1).
Which custodians does FCP use?
FCP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists JP Morgan Chase Bank NA and State Street Bank and Trust Company as custodians holding 10% or more of its separately managed account assets.
Does FCP report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/161468
What changed in FCP's recent Form ADV filings?
In the June 2026 filing data: Reported a succession: took over the business of FCP (CRD 161468) on April 9, 2026. Changed its legal name from FCP Fund Manager, L.P. to Federated Hermes FCP Manager, LLC. Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated May 8, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$3,477,753,977 as of October 2026, filing dated May 8, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Legal name
- Federated Hermes FCP Manager, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2012 (14 years)
- Employees
- Total: 75. Performing investment advisory functions: 28.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- Other offices (Schedule D, Section 1.F)
-
4 other offices, as of the June 2026 filing
- States registered or notice-filed
-
4 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $3,477,753,977 | 75 | May 8, 2026 |
| October 2025 | $3,801,550,603 | 78 | March 31, 2025 |
| October 2024 | $4,084,712,810 | 86 | March 28, 2024 |
| October 2023 | $3,538,172,358 | 84 | March 31, 2023 |
| October 2022 | $2,957,056,225 | 71 | March 31, 2022 |
| October 2021 | $1,352,448,689 | 61 | March 31, 2021 |
Regulatory assets under management: $1,352,448,689 in the October 2021 data and $3,477,753,977 in the October 2026 data, up 157%.
Total employees: 61 in October 2021 and 75 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- June 2026
- Reported a succession: took over the business of FCP (CRD 161468) on April 9, 2026.
- Changed its legal name from FCP Fund Manager, L.P. to Federated Hermes FCP Manager, LLC.
- Updated its list of owners and control persons (Schedule A).
- April 2026
- Employees performing advisory functions went from 30 to 28.
- Added an office in Austin, TX.
- No longer lists an office in Atlanta, GA.
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. FCP (CRD 161468): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/fcp-chevy-chase-md-161468