{
  "crd_number": 3394,
  "slug": "carl-p-sherr-and-co-llc-worcester-ma-3394",
  "primary_business_name": "CARL P. SHERR & CO., LLC",
  "legal_name": "CARL P. SHERR & CO., LLC",
  "dbas": [],
  "city": "Worcester",
  "state": "MA",
  "country": "United States",
  "cbsa_code": "49340",
  "metro": {
    "cbsa_code": "49340",
    "common_name": "Worcester",
    "msa_name": "Worcester, MA",
    "path": "/advisors/ma/worcester"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2006-05-10",
  "years_registered": 20,
  "period": "2026-10-01",
  "filing_date": "2026-03-11",
  "carried_forward": false,
  "raum_total": 505418629.0,
  "raum_discretionary": 488931487.0,
  "raum_non_discretionary": 16487142.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 5,
  "advisory_employees": 3,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 5652076.0,
      "count": 5
    },
    "individuals": {
      "raum": 26825473.0,
      "count": 100
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 472941080.0,
      "count": 187
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CT",
    "FL",
    "MA",
    "NH",
    "NY",
    "RI",
    "TX"
  ],
  "websites": [
    "https://carlpsherr.com",
    "https://linkedin.com/company/carlpsherr"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/3394",
  "city_as_filed": "WORCESTER",
  "url": "https://advisorcensus.com/firm/carl-p-sherr-and-co-llc-worcester-ma-3394",
  "display_name": "Carl P. Sherr & Co., LLC",
  "summary": "Carl P. Sherr & Co., LLC is an SEC-registered investment advisory firm in Worcester, MA, registered since 2006, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 11, 2026.",
  "citation": "AdvisorCensus. Carl P. Sherr & Co., LLC (CRD 3394): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Carl P. Sherr & Co., LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Carl P. Sherr & Co., LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges."
    },
    {
      "q": "How much does Carl P. Sherr & Co., LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 11, 2026 states: Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it); Flat fee: $5,000 a year (financial planning services); Hourly rate: $300 an hour (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Carl P. Sherr & Co., LLC located?",
      "a": "Carl P. Sherr & Co., LLC's principal office is in Worcester, MA, according to its Form ADV."
    },
    {
      "q": "Is Carl P. Sherr & Co., LLC registered with the SEC or a state?",
      "a": "Carl P. Sherr & Co., LLC is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 3394."
    },
    {
      "q": "How much does Carl P. Sherr & Co., LLC manage?",
      "a": "Carl P. Sherr & Co., LLC reports $505,418,629 in regulatory assets under management in its Form ADV filing dated March 11, 2026 (97% discretionary)."
    },
    {
      "q": "How have Carl P. Sherr & Co., LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Carl P. Sherr & Co., LLC: Regulatory assets under management: $323,769,304 in the October 2021 data and $505,418,629 in the October 2026 data, up 56%. Total employees: 6 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Carl P. Sherr & Co., LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (187); individuals (other than high net worth individuals) (100); charitable organizations (5)."
    },
    {
      "q": "Which custodians does Carl P. Sherr & Co., LLC use?",
      "a": "Carl P. Sherr & Co., LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Distributors Company LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Carl P. Sherr & Co., LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/3394"
    },
    {
      "q": "What changed in Carl P. Sherr & Co., LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $450,502,980 to $505,418,629 (+12%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 323769304.0,
      "total_employees": 6,
      "filing_date": "2021-03-03"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 381089868.0,
      "total_employees": 7,
      "filing_date": "2022-08-01"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 351045811.0,
      "total_employees": 5,
      "filing_date": "2023-04-21"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 392649274.0,
      "total_employees": 5,
      "filing_date": "2024-03-14"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 450502980.0,
      "total_employees": 5,
      "filing_date": "2025-03-11"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 505418629.0,
      "total_employees": 5,
      "filing_date": "2026-03-11"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $450,502,980 to $505,418,629 (+12%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 11, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "0.5% to 1.5% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: $5,000 a year (financial planning services)",
      "Hourly rate: $300 an hour (financial planning services)"
    ],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "Our annual fees for Investment Supervisory Services are based upon a percentage of assets under management and generally range from 0.50% to 1.50%."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $5,000 a year (financial planning services)"
        ],
        "quotes": [
          "CPS & Co will be compensated for financial planning services using our flat fee financial planning pricing structure with an annual minimum fee of $5,000."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $300 an hour (financial planning services)"
        ],
        "quotes": [
          "CPS & Co will be compensated for financial planning services charged on an hourly basis of $300 per hour."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        0.5,
        1.5
      ],
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": 5000.0,
          "min": null,
          "max": null,
          "period": "annual",
          "service": "financial planning services"
        },
        {
          "kind": "hourly",
          "amount": 300.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "financial planning services"
        }
      ]
    },
    "quotes": [
      "Our annual fees for Investment Supervisory Services are based upon a percentage of assets under management and generally range from 0.50% to 1.50%.",
      "CPS & Co will be compensated for financial planning services using our flat fee financial planning pricing structure with an annual minimum fee of $5,000.",
      "CPS & Co will be compensated for financial planning services charged on an hourly basis of $300 per hour."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Fidelity Distributors Company LLC",
      "name_as_filed": "FIDELITY DISTRIBUTORS COMPANY LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/carl-p-sherr-and-co-llc-worcester-ma-3394.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 100,
      "fewer_than_5": false,
      "raum": 26825473.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 187,
      "fewer_than_5": false,
      "raum": 472941080.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 5,
      "fewer_than_5": false,
      "raum": 5652076.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/3394",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}