DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Fsam LLC
Latest filing Aug 3, 2026
First filing on the tape Jul 12, 2021 · 17 filings
SEC status approved since Aug 12, 2021
RAUM
$138M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
30%
$41.7M individuals and HNW
Advisors
15
registered through the firm on IAPD
RAUM per advisor
$9.2M
derived; firm RAUM over IAPD count
Employees
14
11 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$138M as of Aug 3, 2026
Mar 31, 2022$44.3M then
HNW client RAUM$10.7M as of Aug 3, 2026
Mar 31, 2022$22.2M then
State-registered IARs (5.B.3)11 as of Aug 3, 2026
Mar 31, 202211 then
Employees (5.A)14 as of Aug 3, 2026
Mar 31, 202211 then
Private funds: no history
RAUM +23% over the last fiscal year+53% a year over threeIARs 13 to 11
Practice profile
derived from the filing of Aug 3, 2026; every figure names its basis
- RAUM per advisor
- $9.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 7derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $596,574derivedHNW RAUM over HNW clients
- Average account
- $875,919derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.9derivedItem 5.A over advisors
- Advisors per office
- 5.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +23%derivedbetween the last two annual amendments
- Advisor growth, one year
- -15%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -4.3%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individualsreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is an insurance broker or agent (6.A.6)
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Corporations and businesses$96.7M70%
- Individuals$30.9M22%
- High-net-worth individuals$10.7M7.8%
- Individual clients
- 94reported
- HNW clients
- 18reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 158reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.3 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=11.0derived
Advisors registered through the firm
15 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Vasileios Alexios Sfyris | Alpharetta, Ga | Jul 10, 2017 | 26 y | 1 |
| William Heath Hawk | Alpharetta, Ga | Jul 10, 2017 | 32 y | 1 |
| Manuel Alfonso Gonzalez Hinds | Guaynabo, Pr | Oct 30, 2017 | 28 y | 1 |
| Rafael Antonio Pagan Marxuach | Guaynabo, Pr | Dec 12, 2017 | 10 y | 0 |
| Jaime R Santiago Echandi | Guaynabo, Pr | Apr 25, 2018 | 20 y | 1 |
| Norma Alejandra Delgado Vicencio | Guaynabo, Pr | Mar 1, 2019 | 13 y | 0 |
| Hector A Martinez | Guaynabo, Pr | Jul 24, 2019 | 27 y | 1 |
| Brandon Warres | Alpharetta, Ga | Nov 7, 2019 | 11 y | 1 |
| Jose Antonio Colberg Iturregui | Guaynabo, Pr | Aug 3, 2020 | 10 y | 0 |
| German Ramirezdearellano | Guaynabo, Pr | Jul 1, 2021 | 40 y | 1 |
| Louis Armand Rodriguez Nader | Guaynabo, Pr | Nov 16, 2021 | 35 y | 2 |
| Luis Currais Lopez | Guaynabo, Pr | Nov 30, 2022 | 38 y | 2 |
| Raul Juan Escudero Villeta | Guaynabo, Pr | Jan 20, 2023 | 41 y | 2 |
| Jorge Alberto Maldonado | Guaynabo, Pr | Jan 19, 2024 | 20 y | 1 |
| Edward Scott Hebditch | Miami, Fl | Jan 23, 2025 | 30 y | 3 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
- Christopher Ryan Hamm to Encompass More Asset Management LLCApr 2, 2024 · RIA to RIA
- Rebecca Esther Feliciano Beltran to Stonecrest Advisors, Inc.Mar 7, 2018 · RIA to RIA
Joined, latest
- Edward Scott Hebditch from Advisory Investor Services LLCJan 23, 2025 · RIA to RIA
- Jorge Alberto Maldonado from Herbert J. Sims Capital Management, Inc.Jan 19, 2024 · RIA to RIA
- Christopher Ryan Hamm from ThinkbetterJul 12, 2023 · Other
- Raul Juan Escudero Villeta from Herbert J. Sims Capital Management, Inc.Jan 20, 2023 · RIA to RIA
- Luis Currais Lopez from Herbert J. Sims Capital Management, Inc.Nov 30, 2022 · RIA to RIA
- Louis Armand Rodriguez Nader from Herbert J. Sims Capital Management, Inc.Nov 16, 2021 · RIA to RIA
- German Ramirezdearellano from Herbert J. Sims Capital Management, Inc.Jul 1, 2021 · RIA to RIA
- Brandon Warres from Edward JonesNov 7, 2019 · Affiliated broker-dealer or bank to independent RIA
- Hector A Martinez from Kovack Advisors, Inc.Jul 24, 2019 · Affiliated broker-dealer or bank to independent RIA
- Jaime R Santiago Echandi from Santander SecuritiesApr 25, 2018 · Other
- Manuel Alfonso Gonzalez Hinds from Santander SecuritiesOct 30, 2017 · Other
- Vasileios Alexios Sfyris from Phorcys Capital Partners, LLCJul 10, 2017 · Other
- William Heath Hawk from Phorcys Capital Partners, LLCJul 10, 2017 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Heath William Hawk · President/Ceo/Managing Partnercontrolsince 02/2017 · owns 25% to 50%
- Michael John Holman · Coocontrolsince 01/2021 · owns less than 5%
- Alexios Vasileios Sfyris · Managing Partnercontrolsince 02/2017 · owns 25% to 50%
- Taylor Brent Williams · Chief Compliance Officercontrolsince 12/2024 · owns less than 5%
Entity owners
- Estate Of Benjamin Thomas Eiler · Memberdirect · owns 10% to 25%
Related persons
Schedule D 7.A
- First Southern, LLCbroker-dealerreal estaten
- Phorcys Capital Partners, LLCinvestment adviserpooled vehicle sponsornRAUM $191M
- Phorcys Investment Advisors, LLCinvestment advisernRAUM $1.2B
- Phorcys Real Estate Capital Partners, LLCpooled vehicle sponsorn
- Prce Management LLCinvestment adviserpooled vehicle sponsornRAUM $22.2M
Advisers that list Fsam LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Guaynabo, Pr | 11 | 0 | 0 | ||
| Alpharetta, Ga · principal | 4 | 0 | 0 | ||
| Dorado, Pr | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Guaynabo, PR2 employees
- Miami, FL2 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- discretionary share shiftChange between filings · filing Mar 31, 2026discretionary share of RAUM moved from 79.0% to 100.0% between the annual amendments of 2025-04-01 and 2026-03-31peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 165 to 158Dec 19, 2025 to Mar 31, 2026
- Advisory employees · 8 to 11Dec 19, 2025 to Mar 31, 2026
- Advisory activities · 2 to 1Dec 19, 2025 to Mar 31, 2026
- BD registered reps · 13 to 11Dec 19, 2025 to Mar 31, 2026
- Charity clients · 1 to 0Dec 19, 2025 to Mar 31, 2026
- Corporate clients · 24 to 46Dec 19, 2025 to Mar 31, 2026
- HNW clients · 8 to 18Dec 19, 2025 to Mar 31, 2026
- Individual clients · 109 to 94Dec 19, 2025 to Mar 31, 2026
- Pension plan clients · 19 to 0Dec 19, 2025 to Mar 31, 2026
- Employees · 13 to 14Dec 19, 2025 to Mar 31, 2026
- State-registered IARs · 13 to 11Dec 19, 2025 to Mar 31, 2026
- Discretionary RAUM · $88.7M to $138MDec 19, 2025 to Mar 31, 2026
- HNW RAUM · $9.7M to $10.7MDec 19, 2025 to Mar 31, 2026
- Individual RAUM · $17.4M to $30.9MDec 19, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $24.2M to $0Dec 19, 2025 to Mar 31, 2026
- Pension RAUM · $11.4M to $0Dec 19, 2025 to Mar 31, 2026
- RAUM · $113M to $138MDec 19, 2025 to Mar 31, 2026
- Wrap assets (manager) · $869,353 to $0Dec 19, 2025 to Mar 31, 2026
- Financial planning clients · 0 to 0Apr 1, 2025 to Oct 15, 2025
- Accounts · 171 to 165Feb 7, 2025 to Apr 1, 2025
- Charity clients · 2 to 1Feb 7, 2025 to Apr 1, 2025
- Corporate clients · 22 to 24Feb 7, 2025 to Apr 1, 2025
- HNW clients · 29 to 8Feb 7, 2025 to Apr 1, 2025
- Individual clients · 95 to 109Feb 7, 2025 to Apr 1, 2025
- Pension plan clients · 23 to 19Feb 7, 2025 to Apr 1, 2025
- Discretionary RAUM · $71.5M to $88.7MFeb 7, 2025 to Apr 1, 2025
- HNW RAUM · $17.4M to $9.7MFeb 7, 2025 to Apr 1, 2025
- Individual RAUM · $19.6M to $17.4MFeb 7, 2025 to Apr 1, 2025
- Non-discretionary RAUM · $0 to $24.2MFeb 7, 2025 to Apr 1, 2025
- Pension RAUM · $9.0M to $11.4MFeb 7, 2025 to Apr 1, 2025
- RAUM · $71.5M to $113MFeb 7, 2025 to Apr 1, 2025
- Wrap assets (manager) · unset to 869353.0Feb 7, 2025 to Apr 1, 2025
- Wrap assets (sponsor) · unset to 0.0Feb 7, 2025 to Apr 1, 2025
- Accounts · 119 to 171Apr 10, 2024 to Nov 27, 2024
- Charity clients · 0 to 2Apr 10, 2024 to Nov 27, 2024
- Corporate clients · 0 to 22Apr 10, 2024 to Nov 27, 2024
- HNW clients · 20 to 29Apr 10, 2024 to Nov 27, 2024
- Individual clients · 99 to 95Apr 10, 2024 to Nov 27, 2024
- Pension plan clients · 0 to 23Apr 10, 2024 to Nov 27, 2024
- Other offices · 1 to 2Apr 10, 2024 to Nov 27, 2024
Signals
6 dated events
- John Mathew Calabro (Interim Cco) no longer on Schedule A of Fsam Llc (listed 2024-12-02, absent 2024-12-20)Dec 20, 2024 · Control person left · inference
- Taylor Brent Williams (Chief Compliance Officer) appeared on Schedule A of Fsam LlcDec 20, 2024 · Control person joined · fact
- Thomas Benjamin Eiler (Managing Partner) no longer on Schedule A of Fsam Llc (listed 2024-04-10, absent 2024-11-27)Nov 27, 2024 · Control person left · inference
- John Mathew Calabro (Interim Cco) appeared on Schedule A of Fsam LlcNov 27, 2024 · Control person joined · fact
- Christopher Ryan Hamm left Fsam Llc for Encompass More Asset Management Llc (registered 2025-04-07)Apr 2, 2024 · Advisor changed firm · fact
- Fsam Llc filed its initial SEC registration (Form ADV)Jul 12, 2021 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 770-777-9308reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 770-777-9373reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 787-979-2165reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- fssec.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 770-777-9373reportedpublic record, Form ADV, Aug 3, 2026
- Contact form
- fssec.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- fssec.com/about-first-southern/management-teamreportedpublished by the firm, firm site, Sep 16, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $9.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026