# FNY Investment Advisers, LLC

> FNY Investment Advisers, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2018, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 295433
- Filed as: FNY INVESTMENT ADVISERS, LLC
- Also doing business as: FIRST NEW YORK
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/295433
- AdvisorCensus page: https://advisorcensus.com/firm/fny-investment-advisers-llc-new-york-ny-295433

## Quick answers

**How is FNY Investment Advisers, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), FNY Investment Advisers, LLC 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 FNY Investment Advisers, LLC located?**
FNY Investment Advisers, LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is FNY Investment Advisers, LLC registered with the SEC or a state?**
FNY Investment Advisers, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 295433.

**How much does FNY Investment Advisers, LLC manage?**
FNY Investment Advisers, LLC reports $2,914,340,867 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have FNY Investment Advisers, LLC's assets and staff changed since 2021?**
In the Form ADV data for FNY Investment Advisers, LLC: Regulatory assets under management: $2,097,585,865 in the October 2021 data and $2,914,340,867 in the October 2026 data, up 39%. Total employees: 160 in October 2021 and 132 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does FNY Investment Advisers, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).

**Does FNY Investment Advisers, LLC report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order) and 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/295433

**What changed in FNY Investment Advisers, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 98 to 96. Added an office in North Palm Beach, FL. No longer lists an office in West Palm Beach, FL.

## 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: $2,914,340,867
- Discretionary: $2,914,340,867
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $2,914,340,867 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2018 (8 years)
- Employees: 132 total, 96 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 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/295433

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Aventura, FL
- London
- North Palm Beach, FL

### Websites listed on Form ADV (Item 1.I)
- [firstny.com](https://firstny.com)
- LinkedIn @FIRST-NEW-YORK

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,097,585,865 | 160 | March 31, 2021 |
| October 2022 | $2,592,201,089 | 120 | March 31, 2022 |
| October 2023 | $3,259,538,625 | 130 | March 30, 2023 |
| October 2024 | $1,887,308,989 | 130 | March 28, 2024 |
| October 2025 | $3,067,994,213 | 134 | May 27, 2025 |
| October 2026 | $2,914,340,867 | 132 | March 30, 2026 |

Regulatory assets under management: $2,097,585,865 in the October 2021 data and $2,914,340,867 in the October 2026 data, up 39%.
Total employees: 160 in October 2021 and 132 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 98 to 96.
- Added an office in North Palm Beach, FL.
- No longer lists an office in West Palm Beach, FL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. FNY Investment Advisers, LLC (CRD 295433): Form ADV filing data as of October 2026.