# Fenix Trading

> Fenix Trading is an SEC-registered investment advisory firm in New York, NY, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 18, 2026.

- CRD: 291069
- Filed as: FENIX TRADING
- Legal name: Fenix Asset Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: February 18, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/291069
- AdvisorCensus page: https://advisorcensus.com/firm/fenix-trading-new-york-ny-291069

## Quick answers

**How is Fenix Trading compensated?**
On its Form ADV (Item 5.E, October 2026), Fenix Trading reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Fenix Trading located?**
Fenix Trading's principal office is in New York, NY, according to its Form ADV.

**Is Fenix Trading registered with the SEC or a state?**
Fenix Trading is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 291069.

**How much does Fenix Trading manage?**
Fenix Trading reports $160,423,060 in regulatory assets under management in its Form ADV filing dated February 18, 2026 (84% discretionary).

**How have Fenix Trading's assets and staff changed since 2021?**
In the Form ADV data for Fenix Trading: Regulatory assets under management: $88,518,472 in the October 2021 data and $160,423,060 in the October 2026 data, up 81%. Total employees: 3 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Fenix Trading serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (343); corporations or other businesses not listed above (104).

**Which custodians does Fenix Trading use?**
Fenix Trading's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Stonex Financial Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Fenix Trading report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/291069

**What changed in Fenix Trading's recent Form ADV filings?**
In the March 2026 filing data: Employees performing advisory functions went from 3 to 4. Regulatory assets under management went from $132,784,603 to $160,423,060 (+21%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Other

### Custodians (Schedule D, Section 5.K(3))
- Stonex Financial Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $160,423,060
- Discretionary: $135,221,065
- Non-discretionary: $25,201,995

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 343 | $99,866,141 |
| Corporations or other businesses not listed above | 104 | $60,556,919 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2017 (8 years)
- Employees: 5 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DE, FL, WY
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/291069

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $88,518,472 | 3 | June 15, 2021 |
| October 2022 | $92,000,000 | 3 | January 25, 2022 |
| October 2023 | $67,044,749 | 3 | August 31, 2023 |
| October 2024 | $119,143,905 | 3 | February 12, 2024 |
| October 2025 | $132,784,603 | 3 | March 21, 2025 |
| October 2026 | $160,423,060 | 5 | February 18, 2026 |

Regulatory assets under management: $88,518,472 in the October 2021 data and $160,423,060 in the October 2026 data, up 81%.
Total employees: 3 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Employees performing advisory functions went from 3 to 4.
- Regulatory assets under management went from $132,784,603 to $160,423,060 (+21%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fenix Trading (CRD 291069): Form ADV filing data as of October 2026.