# FIO Advisors LP

> FIO Advisors LP is an SEC-registered investment advisory firm in New York, NY, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 300903
- Filed as: FIO ADVISORS LP
- Also doing business as: FOUNDATION CREDIT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/300903
- AdvisorCensus page: https://advisorcensus.com/firm/fio-advisors-lp-new-york-ny-300903

## Quick answers

**How is FIO Advisors LP compensated?**
On its Form ADV (Item 5.E, October 2026), FIO Advisors LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

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

**Is FIO Advisors LP registered with the SEC or a state?**
FIO Advisors LP is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 300903.

**How much does FIO Advisors LP manage?**
FIO Advisors LP reports $366,483,861 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (81% discretionary).

**How have FIO Advisors LP's assets and staff changed since 2024?**
In the Form ADV data for FIO Advisors LP: Regulatory assets under management: $445,775,000 in the October 2024 data and $366,483,861 in the October 2026 data, down 18%. Total employees: 8 in October 2024 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does FIO Advisors LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10); other (3).

**Does FIO Advisors LP 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/300903

**What changed in FIO Advisors LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $418,570,300 to $366,483,861 (-12%). Item 11 disclosure answers changed: 0 yes answers, previously 5 (now no: 11.D(2), 11.D(4), 11.G, 11.H(1)(a), 11.H(2)).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $366,483,861
- Discretionary: $297,988,120
- Non-discretionary: $68,495,741

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 10 | $297,988,120 |
| Other | 3 | $68,495,741 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2024 (2 years)
- Employees: 8 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- foundationcredit.com
- LinkedIn @foundation-credit

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $445,775,000 | 8 | September 26, 2024 |
| October 2025 | $418,570,300 | 8 | April 3, 2025 |
| October 2026 | $366,483,861 | 8 | March 25, 2026 |

Regulatory assets under management: $445,775,000 in the October 2024 data and $366,483,861 in the October 2026 data, down 18%.
Total employees: 8 in October 2024 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $418,570,300 to $366,483,861 (-12%).
- Item 11 disclosure answers changed: 0 yes answers, previously 5 (now no: 11.D(2), 11.D(4), 11.G, 11.H(1)(a), 11.H(2)).

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. FIO Advisors LP (CRD 300903): Form ADV filing data as of October 2026.