SEC-registered wealth management firm Broker-dealer affiliated
Fenix Trading
As of its Form ADV filed February 18, 2026, Fenix Trading, an SEC-registered, broker-dealer affiliated wealth management firm in New York, New York, reported $160.4 million in regulatory assets under management across 447 accounts, ranking #417 among all wealth firms in New York by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 291069
- SEC file number
- 801-112181
- Registered since
- December 14, 2017
- Latest Form ADV filing
- February 18, 2026
- Legal name
- FENIX ASSET MANAGEMENT, LLC
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 0
Key figures
- Regulatory assets under management
- $160.4 million
- Discretionary
- $135.2 million (84.3%)
- Non-discretionary
- $25.2 million
- Accounts
- 447 (334 discretionary)
- Clients
- 447, approximate as reported
- Employees
- 5
- Advisory staff
- 4 performing investment advisory functions
- Average account
- $358,888
- Asset growth, 1 year
- 20.8% (from $132.8 million a year earlier)
- Asset growth, 3-year annual rate
- 33.8% (from $67.0 million three years earlier)
- Asset growth, 5-year annual rate
- 12.6% (from $88.5 million five years earlier)
- Client growth, 1 year
- 1.6% (from 440)
Broker-dealer affiliated. The firm is affiliated with a broker-dealer (Item 7.A(1)), at least half of its advisory staff are registered representatives of a broker-dealer (Item 5.B(2) against 5.B(1)), and its advisers manage less than $100 million each on average (5.F(2)(c) over 5.B(1)), the pattern of a broker-dealer's advisory arm rather than an adviser that owns a small broker-dealer. It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2018 | $0 |
| October 1, 2019 | $37.1 million |
| October 1, 2020 | $62.5 million |
| October 4, 2021 | $88.5 million |
| October 3, 2022 | $92.0 million |
| October 5, 2023 | $67.0 million |
| October 1, 2024 | $119.1 million |
| September 2, 2025 | $132.8 million |
| October 2, 2026 | $160.4 million |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 343 clients | $99.9 million | |
| Corporations or other businesses 104 clients | $60.6 million |
How the firm is paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Other
Advisory services
- Portfolio management for individuals or small businesses
- Portfolio management for businesses or institutional clients
Financial planning clients (Item 5.H): 0.
Wrap fee program sponsor or portfolio manager: no.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Registered representative of a broker-dealer
Financial industry affiliations (Item 7.A)
- Broker-dealer
Custody (Item 9)
The firm reported no custody of client cash or securities.
Investment adviser representatives
- IARs registered with the firm
- 0
- Also registered through a broker-dealer
- 0
- Employees who are IARs (Form ADV 5.B(3))
- 0
IAR registrations by jurisdiction are not available for this firm. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 1 disclosure question. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in New York
| Firm | City | RAUM |
|---|---|---|
| Lynnleigh & Company, LLC | Pittsford | $161.5 million |
| Pincus Capital Management, LP | New York | $161.5 million |
| FLFS Advisory LLC | Victor | $161.5 million |
| Fifth Set Private Wealth Management LLC | Larchmont | $160.3 million |
| R.S. Petrell & Associates, LLC D/B/A Strategic Wealth Advisors | Dewitt | $159.1 million |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Fenix Trading on IAPD: Form ADV, brochures and disclosure detail.
- Wealth management firms in New York
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.