Ffl
Registered investment adviser · San Francisco, CA · CRD #156980
Form ADV data as of 2026-09-01Regulatory assets
$4.11 billion
Total accounts
30
Employees
43
Disclosure events
3
Firm details
- Website: http://www.fflpartners.com/
- Telephone: 415-402-2100
- SEC file number: 801-73886
- Most recent Form ADV filing: 2026-03-29
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm reports 3 disclosure questions answered Yes, covering 3 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.
- SEC or CFTC found a violation of its regulations or statutes
- SEC or CFTC entered an order in connection with investment-related activity
- SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $4.11 billion |
| Non-discretionary regulatory assets under management | $0 |
| Total regulatory assets under management | $4.11 billion |
| Discretionary accounts | 30 |
| Non-discretionary accounts | 0 |
| Total accounts | 30 |
| Regulatory assets under management attributable to non-U.S. persons | $704.0 million |
People
| Total employees (excluding clerical) | 43 |
| Employees performing investment advisory functions (including research) | 34 |
| Employees who are registered representatives of a broker-dealer | 0 |
| Employees registered as investment adviser representatives with a state | 0 |
| Employees registered as IARs for another investment adviser | 0 |
| Employees who are licensed insurance agents | 0 |
| Firms or persons who solicit advisory clients on the firm's behalf | 0 |
Custody
| Has custody of client cash or bank accounts | Yes |
| Has custody of client securities | Yes |
| Client funds and securities held in the firm's custody | $0 |
| Clients for whom the firm has custody | 0 |
| A related person has custody of client cash or bank accounts | Yes |
| A related person has custody of client securities | Yes |
| Client funds and securities held in a related person's custody | $4.11 billion |
| Clients for whom a related person has custody | 30 |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | No |
| Number of persons acting as qualified custodians for the firm's clients | 4 |
How the firm is compensated
Advisory services offered
Affiliated related persons
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys or sells for itself securities it also recommends to clients
- Recommends securities in which it has another proprietary interest
- Receives soft dollar benefits
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Pooled investment vehicles (other than investment companies and BDCs) | 30 | $4.11 billion |