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Firm Trust Report

FS STRUCTURED PRODUCTS ADVISOR, LLC

Reported as registeredReported as registered

The firm's Form ADV/IARD record in the cited SEC dataset reports it as a registered investment adviser as of the source date shown. That is not SEC approval, certification, endorsement, or a finding that the firm is safe or trustworthy.

CRD
301285
SEC file number
801-117899
Principal office
3025 JFK BOULEVARD
OFC 500
PHILADELPHIA, PA, 19104
Current as of
August 3, 2026
Retrieved
August 18, 2026
Source effective date
August 3, 2026

SEC/IARD source release: August 3, 2026 · InvestorTrustHub retrieved: August 18, 2026

Official identifiers

Identifiers come from the cited SEC/IARD firm roster. InvestorTrustHub does not invent missing numbers.

  • CRD

    301285

  • SEC number

    801-117899

Regulatory status

Reported

Reported as registered

The firm's Form ADV/IARD record in the cited SEC dataset reports it as a registered investment adviser as of the source date shown. That is not SEC approval, certification, endorsement, or a finding that the firm is safe or trustworthy.

A source reports this value. We have not independently confirmed it beyond the cited record.

Source

Reported

U.S. Securities and Exchange Commission / IARD Form ADV dataset.

Registered Investment Advisers (IARD firm roster)

View official IAPD search (opens official source)

A source reports this value. We have not independently confirmed it beyond the cited record.

Firm / ADV facts

Legal structure

Limited Liability Company

Website as reported

https://www.instagram.com/futurestandardfs/

Regulatory assets under management

$2.2 billion

Exact source amount: $2,203,855,268.00

Regulatory assets under management is a Form ADV regulatory measure and should not be interpreted as investment performance, firm quality, popularity, or an endorsement.

Regulatory disclosures

Firm reported No for Item 11 in this filing.

This is the Form ADV Item 11 checkbox as filed. It is not a disciplinary-event list and not a finding of a clean record.

Clients, compensation, and custody

Figures below are adviser-reported Form ADV items. They are not performance, popularity, or quality scores.

Reported scale

Reported

Employees as reported: 183

Advisory personnel as reported: 30

Clients as reported: 0

As of March 27, 2026

A source reports this value. We have not independently confirmed it beyond the cited record.

Reported compensation methods

Reported
  • Percentage of assets under management
  • Performance-based fees

Compensation methods are the boxes the adviser checked on Form ADV. This is not a “fee-only” determination.

A source reports this value. We have not independently confirmed it beyond the cited record.

Reported custody

Reported

Client cash: No as reported

Client securities: No as reported

Related-person cash: No as reported

Related-person securities: No as reported

Custody is reported as filed. It is not a risk score or a quality finding.

A source reports this value. We have not independently confirmed it beyond the cited record.

Reported related financial businesses

Reported
  • Broker-dealer
  • Commodity pool operator / commodity trading advisor
  • Other
  • Other investment adviser

Reported affiliations are types of related financial businesses as filed. They are not a conflict finding.

A source reports this value. We have not independently confirmed it beyond the cited record.

Current reported relationships

Names appear only as reported on this firm’s Form ADV. They are not standalone public profiles. Name-only or otherwise unconfirmed rows remain internal and are not shown.

Ownership and control

Schedule A is direct ownership. Schedule B is indirect ownership. An executive/control relationship is not the same as ownership.

  • Reported direct owner

    ADELMAN, DAVID, JASON

    Individual as reported · Title/status as reported: PRINCIPAL

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Reported direct owner

    BRYANT, MARC, ROBERT

    Individual as reported · Title/status as reported: CHIEF LEGAL OFFICER

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Reported direct owner

    DETWILER, ELIZABETH, CAMILLA

    Individual as reported · Title/status as reported: CHIEF COMPLIANCE OFFICER/MANAGING DIRECTOR

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Reported direct owner

    FORMAN, MICHAEL, CRAIG

    Individual as reported · Title/status as reported: CHIEF EXECUTIVE OFFICER

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Reported direct owner

    MCGEEHIN, JOSEPH, DAVID

    Individual as reported · Title/status as reported: CHIEF FINANCIAL OFFICER

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Reported direct owner

    SYPHERD, STEPHEN, SCOTT

    Individual as reported · Title/status as reported: GENERAL COUNSEL

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Reported indirect owner

    ADELMAN, DAVID, JASON

    Individual as reported · Ownership range: 25% but less than 50% · Title/status as reported: MEMBER

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Reported indirect owner

    FORMAN, MICHAEL, CRAIG

    Individual as reported · Ownership range: 50% but less than 75% · Title/status as reported: SOLE MEMBER

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Reported indirect owner

    HELLER, MICHAEL, JAY

    Individual as reported · Ownership range: 75% or more · Title/status as reported: TRUSTEE

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Reported indirect owner

    TRALA, THOMAS, ROBERT

    Individual as reported · Ownership range: 75% or more · Title/status as reported: TRUSTEE

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Reported executive/control relationship

    ADELMAN, DAVID, JASON

    Individual as reported · Title/status as reported: PRINCIPAL

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Reported executive/control relationship

    BRYANT, MARC, ROBERT

    Individual as reported · Title/status as reported: CHIEF LEGAL OFFICER

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Reported executive/control relationship

    DETWILER, ELIZABETH, CAMILLA

    Individual as reported · Title/status as reported: CHIEF COMPLIANCE OFFICER/MANAGING DIRECTOR

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Reported executive/control relationship

    FORMAN, MICHAEL, CRAIG

    Individual as reported · Title/status as reported: SOLE MEMBER

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Reported executive/control relationship

    HELLER, MICHAEL, JAY

    Individual as reported · Title/status as reported: TRUSTEE

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Reported executive/control relationship

    MCGEEHIN, JOSEPH, DAVID

    Individual as reported · Title/status as reported: CHIEF FINANCIAL OFFICER

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Reported executive/control relationship

    SYPHERD, STEPHEN, SCOTT

    Individual as reported · Title/status as reported: GENERAL COUNSEL

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Reported executive/control relationship

    TRALA, THOMAS, ROBERT

    Individual as reported · Title/status as reported: TRUSTEE

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

Related organizations

  • Related organization reported by the adviser

    FS CREDIT INCOME ADVISOR, LLC

    Organization as reported · CRD 289579

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Related organization reported by the adviser

    FS DIGITAL INFRASTRUCTURE ADVISOR, LLC

    Organization as reported · CRD 338274

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Related organization reported by the adviser

    FS FUND ADVISOR, LLC

    Organization as reported · CRD 286673

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Related organization reported by the adviser

    FS GLOBAL ADVISOR, LLC

    Organization as reported · CRD 167620

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Related organization reported by the adviser

    FS INVESTMENT SOLUTIONS, LLC

    Organization as reported · CRD 145244

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Related organization reported by the adviser

    FS REAL ESTATE ADVISOR, LLC

    Organization as reported · CRD 306352

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Related organization reported by the adviser

    FS SPECIALTY LENDING ADVISOR, LLC

    Organization as reported · CRD 293054

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

  • Related organization reported by the adviser

    FS TACTICAL ADVISOR, LLC

    Organization as reported · CRD 300214

    Reported in Form ADV dated March 27, 2026 · Registered investment adviser filing

Showing 8 of 10 currently reported related organizations. Additional names remain in the source filing.

Private funds reported by the adviser

Named funds appear only on this adviser profile. InvestorTrustHub does not publish standalone fund pages from this graph.

Item 7.B private-fund count as reported (not a named-fund list) · Item 7.B: Yes as reported · Count 7.B.(1): 6 · Gross assets as reported: 2,203,855,264

  • Private fund reported by the adviser

    BRIDGE STREET CLO I LTD

    805-9549891197

    Cayman Islands · Reported in Form ADV dated March 27, 2026

  • Private fund reported by the adviser

    BRIDGE STREET CLO II LTD

    805-8721105376

    Cayman Islands · Reported in Form ADV dated March 27, 2026

  • Private fund reported by the adviser

    BRIDGE STREET CLO III LTD

    805-6330169560

    Cayman Islands · Reported in Form ADV dated March 27, 2026

  • Private fund reported by the adviser

    BRIDGE STREET CLO IV LTD

    805-6402789689

    Cayman Islands · Reported in Form ADV dated March 27, 2026

  • Private fund reported by the adviser

    BRIDGE STREET CLO V LTD

    805-7634047049

    Cayman Islands · Reported in Form ADV dated March 27, 2026

  • Private fund reported by the adviser

    BRIDGE STREET CLO VI LTD

    805-7938490561

    Cayman Islands · Reported in Form ADV dated March 27, 2026

Fund service providers

Only current provider rows with sufficient identity quality are shown. Name-only rows remain internal.

  • Custodian reported for a private fund

    STATE STREET BANK AND TRUST COMPANY

    Reported in Form ADV dated March 27, 2026

  • Marketer reported for a private fund

    BARCLAYS CAPITAL INC.

    CRD 19714 · Reported in Form ADV dated March 27, 2026

  • Marketer reported for a private fund

    GOLDMAN SACHS & CO. LLC

    CRD 361 · Reported in Form ADV dated March 27, 2026

  • Marketer reported for a private fund

    J.P. MORGAN SECURITIES LLC

    CRD 79 · Reported in Form ADV dated March 27, 2026

  • Marketer reported for a private fund

    MIZUHO SECURITIES USA LLC

    CRD 19647 · Reported in Form ADV dated March 27, 2026

  • Marketer reported for a private fund

    SCOTIA CAPITAL (USA) INC.

    CRD 2739 · Reported in Form ADV dated March 27, 2026

Filing history / historical reported relationships

Historical filings are evidence of what was filed, not a restatement of current facts.

Filings in graph

16

RIA 16 · ERA 0

Latest relational filing

March 27, 2026

Registered investment adviser · Annual Updating Amendment for Registered Adviser

ADV-W filings

0

Shown as historical evidence only

Recent sec form adv filings
  • 2073827 · March 27, 2026 · RIA · Annual Updating Amendment for Registered Adviser · current reported filing
  • 2073174 · March 15, 2026 · RIA · Other-Than Anual Amendment For Registered Adviser · historical filing
  • 2040719 · January 13, 2026 · RIA · Other-Than Anual Amendment For Registered Adviser · historical filing
  • 1917583 · December 3, 2024 · RIA · Other-Than Anual Amendment For Registered Adviser · historical filing
  • 1872675 · April 30, 2024 · RIA · Other-Than Anual Amendment For Registered Adviser · historical filing
  • 1868330 · April 30, 2024 · RIA · Other-Than Anual Amendment For Registered Adviser · historical filing
  • 1836271 · March 27, 2024 · RIA · Annual Updating Amendment for Registered Adviser · historical filing
  • 1776444 · July 27, 2023 · RIA · Other-Than Anual Amendment For Registered Adviser · historical filing
  • 1732738 · March 22, 2023 · RIA · Annual Updating Amendment for Registered Adviser · historical filing
  • 1617355 · March 28, 2022 · RIA · Annual Updating Amendment for Registered Adviser · historical filing
  • 1569416 · November 3, 2021 · RIA · Other-Than Anual Amendment For Registered Adviser · historical filing
  • 1551262 · July 2, 2021 · RIA · Other-Than Anual Amendment For Registered Adviser · historical filing

Sources and methodology

Evidence and source details

Material facts on this page are traced to the official SEC/IARD roster. Expand a panel to see source context. Raw 400-column filings are not dumped here.

Source, dataset, and retrieval

Source. U.S. Securities and Exchange Commission / IARD · Registered Investment Advisers (IARD firm roster) · record 301285 · retrieved August 18, 2026

Release: August 3, 2026

Evidence records tied to this firm: 7

Raw source snapshot: present

Source status text (not a consumer endorsement): Approved

What these terms mean

What is an RIA?

A registered investment adviser is a firm whose Form ADV/IARD record reports it as registered with the SEC or, in other contexts, a state. InvestorTrustHub shows what the cited official dataset reports. Registration is a regulatory category, not a quality rating.

What is an Exempt Reporting Adviser?

An Exempt Reporting Adviser files a limited Form ADV report because it qualifies for an exemption from full SEC registration. It is not a registered investment adviser. Exemption from full registration is not a finding of safety, quality, or honesty.

What is a CRD number?

A CRD number is the Central Registration Depository identifier assigned to a firm or individual in the IARD/CRD system. InvestorTrustHub uses the firm CRD as the stable identity key. A CRD is an identifier, not an endorsement.

What is an SEC file number?

An SEC file number (often beginning 801- for registered advisers or 802- for exempt reporting advisers) is an official file identifier in SEC/IARD records. If this source record does not include one, that absence is not proof that no file number exists in another source.

What does “reported as registered” mean?

It means the cited official dataset reports the firm as a registered investment adviser as of the source date. It does not mean InvestorTrustHub or the SEC approved, certified, or recommended the firm.

What does it NOT mean?

Registration does not establish investment quality, performance, honesty, suitability, low risk, fiduciary compliance in every circumstance, or the absence of regulatory problems. Missing research is not a clean record.

What InvestorTrustHub has not researched yet

Absence from this page is not a finding that a record is clean, that no disclosure exists, or that the firm has no associated professionals.

  • Individual professionals associated with this firm
  • FINRA BrokerCheck research
  • Detailed disciplinary history (DRP events)
  • State-specific enforcement records
  • Form ADV Part 2 brochure narrative
  • Standalone public fund or owner profiles
  • Investment performance
  • Portfolio holdings
  • Consumer reviews