Firethorn Partners, Llc
- Regulatory AUM
- $30.4M
- Discretionary
- $30.4M
- Clients
- 59
- Avg AUM / client
- $516K
- Accounts
- 136
- Employees
- 4
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 34 | $7.6M | 25.1% |
| High net worth individuals | 24 | $15.7M | 51.6% |
| Pooled investment vehicles (non-investment companies) | 1 | $3.6M | 11.8% |
| Corporations and other businesses | Fewer than 5 clients | $3.5M | 11.4% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $2.0M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Firethorn Opportunity Fund I, Lp | Private Equity Fund | Delaware | $2.0M | 4 |
People (4)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Narinder Paul Singh Bains | Managing Partner | Dec 2015 (11y) | Less than 5% | |
| Brad Donald Sanders | Member/Chief Compliance Officer | Jun 2017 (9y) | 25% – 50% | |
| Rhemtulla, Farzan | President | Jun 2017 (9y) | 25% – 50% | |
| Tomicic, Robert, Daniel | Managing Member | May 2018 (8y) | ≈ 7.5% – 25% via Martom Holdings Llc |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Bayswater Partners Llc | Member | Jan 2021 | A | 25% – 50% |
| Martom Holdings Llc | Member | Aug 2021 | A | 10% – 25% |
| Cadogan Park | Member | Jan 2021 | B | ≈ 18.75% – 50% via Bayswater Partners Llc |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Tomicic, Robert, Daniel: 75% – 100% of Martom Holdings Llc × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Cadogan Park: 75% – 100% of Bayswater Partners Llc × 25% – 50% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $2.0M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Firethorn Opportunity Fund I, Lp | Private Equity Fund | $2.0M | $250K | 4 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 1.27 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: FIRETHORN AND BAINS HAVE ENTERED INTO A SETTLEMENT AGREEMENT WITH THE BC SECURITIES COMMISSION DATED MARCH 02, 2020. THE RESULT OF THIS AGREEMENT EMANATED FROM THE FACT FIRETHORN AND BAINS DID NOT FULLY COMPLETE AN INFORMATIONAL FORM WITH THE BCSC, INDICATING THE NATURE OF OWNERSHIP AND SEC REGISTRATION OF FIRETHORN. WHILE THIS INFORMATION WAS DISCLOSED ON THE ADV, SEC - IAPD WEBSITE AND PUBLICLY MADE AVAILABLE, IT WAS NOT FILED IN A TIMELY MANNER ON FORM BC 33-109F4. BAINS DID ENGAGE A COMPLIANCE FIRM TO MANAGE THE REGISTRATION AND APPLICATION PROCESS, HOWEVER, THE RESPONSIBILITY FOR THE ACCURATENESS AND COMPLETENESS STILL RESIDES WITH BAINS. THE MATTER WAS CONCLUDED VIA AN ADMINISTRATIVE SETTLEMENT WHICH WAS IN EXCESS OF $2,500. NO SANCTIONS, SUSPENSIONS, REVOCATIONS OR ORDERS ACCOMPANIED THIS SETTLEMENT. Status: Final Sanction Detail: FIRETHORN PARTNERS LLC - $7,500 USD, MAR 02/2020 INDIVIDUAL (BAINS) - $15,000 USD, MAR 02/2020 Summary: NO FURTHER UNDERTAKINGS OR ORDERS EXIST. THE MATTER WAS SETTLED UPON THE PAYMENT OF THE ADMINISTRATIVE PENALTY ON MAR 02/2020. THERE ARE NO CONDITIONS OR TERMS ATTACHED WITH THE SETTLEMENT.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Selection of other advisers
Custody
Reported custodians
- Fidelity Brokerage Services $25.6M (84% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗