AdvisorCensus / Financial advisors / Pennsylvania / Philadelphia / FS Credit Income Advisor, LLC
FS Credit Income Advisor, LLC is an SEC-registered investment advisory firm in Philadelphia, PA, registered since 2017, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated June 10, 2026.
Quick answers
From the filingHow is FS Credit Income Advisor, LLC compensated?
On its Form ADV (Item 5.E, October 2026), FS Credit Income Advisor, 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 FS Credit Income Advisor, LLC located?
FS Credit Income Advisor, LLC's principal office is in Philadelphia, PA, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F).
Is FS Credit Income Advisor, LLC registered with the SEC or a state?
FS Credit Income Advisor, LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 289579.
How much does FS Credit Income Advisor, LLC manage?
FS Credit Income Advisor, LLC reports $726,176,000 in regulatory assets under management in its Form ADV filing dated June 10, 2026 (100% discretionary).
How have FS Credit Income Advisor, LLC's assets and staff changed since 2021?
In the Form ADV data for FS Credit Income Advisor, LLC: Regulatory assets under management: $365,656,004 in the October 2021 data and $726,176,000 in the October 2026 data, up 99%. Total employees: 92 in October 2021 and 183 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does FS Credit Income Advisor, LLC serve?
By number of clients on Form ADV Item 5.D: investment companies (1).
Does FS Credit Income Advisor, LLC 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/289579
What changed in FS Credit Income Advisor, LLC's recent Form ADV filings?
In the July 2026 filing data: 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
Regulatory assets under management
Item 5.F$726,176,000 as of October 2026, filing dated June 10, 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 investment companies (and business development companies)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2017 (9 years)
- Employees
- Total: 183. Performing investment advisory functions: 31.
- Wrap fee program participation
- No.
- Other offices (Schedule D, Section 1.F)
-
1 other office, as of the July 2026 filing
- States registered or notice-filed
-
2 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 | $726,176,000 | 183 | June 10, 2026 |
| October 2025 | $709,131,443 | 149 | March 27, 2025 |
| October 2024 | $812,879,343 | 107 | April 30, 2024 |
| October 2023 | $578,999,783 | 100 | July 22, 2023 |
| October 2022 | $527,993,686 | 100 | March 15, 2022 |
| October 2021 | $365,656,004 | 92 | July 6, 2021 |
Regulatory assets under management: $365,656,004 in the October 2021 data and $726,176,000 in the October 2026 data, up 99%.
Total employees: 92 in October 2021 and 183 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- July 2026
- Updated its list of owners and control persons (Schedule A).
- April 2026
- Employees performing advisory functions went from 27 to 31.
- Registered or notice-filed in NY.
- Updated its list of owners and control persons (Schedule A).
- February 2026
- 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. FS Credit Income Advisor, LLC (CRD 289579): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/fs-credit-income-advisor-llc-philadelphia-pa-289579