# Fsam LLC

> Fsam LLC is an SEC-registered investment advisory firm in Alpharetta, GA, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 3, 2026.

- CRD: 287851
- Filed as: FSAM LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Alpharetta, GA
- Filing period: October 2026
- Form ADV filing dated: August 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/287851
- AdvisorCensus page: https://advisorcensus.com/firm/fsam-llc-alpharetta-ga-287851

## Quick answers

**How is Fsam LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Fsam LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Fsam LLC located?**
Fsam LLC's principal office is in Alpharetta, GA, according to its Form ADV; the September 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Fsam LLC registered with the SEC or a state?**
Fsam LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 287851.

**How much does Fsam LLC manage?**
Fsam LLC reports $138,395,189 in regulatory assets under management in its Form ADV filing dated August 3, 2026 (100% discretionary).

**How have Fsam LLC's assets and staff changed since 2021?**
In the Form ADV data for Fsam LLC: Regulatory assets under management: $35,357,719 in the October 2021 data and $138,395,189 in the October 2026 data, up 291%. Total employees: 13 in October 2021 and 14 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Fsam LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (94); corporations or other businesses not listed above (46); high net worth individuals (18).

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

**Does Fsam LLC report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct), 11.D(2) (another regulator's finding of a violation), 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/287851

**What changed in Fsam LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 8 to 11. Regulatory assets under management went from $112,853,411 to $138,395,189 (+23%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Pershing LLC

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: $138,395,189
- Discretionary: $138,395,189
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 94 | $30,943,854 |
| High net worth individuals | 18 | $10,738,331 |
| 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) | 0 | $0 |
| 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 | 46 | $96,713,004 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2021 (5 years)
- Employees: 14 total, 11 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: FL, GA, NY, PR, TX
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 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/287851

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Guaynabo, PR
- Miami, FL

### Websites listed on Form ADV (Item 1.I)
- fssec.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $35,357,719 | 13 | July 12, 2021 |
| October 2022 | $44,343,583 | 11 | March 31, 2022 |
| October 2023 | $39,005,409 | 15 | June 28, 2023 |
| October 2024 | $72,551,134 | 13 | April 10, 2024 |
| October 2025 | $112,853,411 | 13 | April 1, 2025 |
| October 2026 | $138,395,189 | 14 | August 3, 2026 |

Regulatory assets under management: $35,357,719 in the October 2021 data and $138,395,189 in the October 2026 data, up 291%.
Total employees: 13 in October 2021 and 14 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 8 to 11.
- Regulatory assets under management went from $112,853,411 to $138,395,189 (+23%).

### January 2026
- Registered or notice-filed in TX.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fsam LLC (CRD 287851): Form ADV filing data as of October 2026.