# Carl P. Sherr & Co., LLC

> 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.

- CRD: 3394
- Filed as: CARL P. SHERR & CO., LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Worcester, MA
- Filing period: October 2026
- Form ADV filing dated: March 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/3394
- AdvisorCensus page: https://advisorcensus.com/firm/carl-p-sherr-and-co-llc-worcester-ma-3394

## Quick answers

**How is Carl P. Sherr & Co., LLC compensated?**
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.

**How much does Carl P. Sherr & Co., LLC charge?**
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.

**Where is Carl P. Sherr & Co., LLC located?**
Carl P. Sherr & Co., LLC's principal office is in Worcester, MA, according to its Form ADV.

**Is Carl P. Sherr & Co., LLC registered with the SEC or a state?**
Carl P. Sherr & Co., LLC is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 3394.

**How much does Carl P. Sherr & Co., LLC manage?**
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).

**How have Carl P. Sherr & Co., LLC's assets and staff changed since 2021?**
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.

**What types of clients does Carl P. Sherr & Co., LLC serve?**
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).

**Which custodians does Carl P. Sherr & Co., LLC use?**
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.

**Does Carl P. Sherr & Co., LLC report any disciplinary disclosures?**
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

**What changed in Carl P. Sherr & Co., LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $450,502,980 to $505,418,629 (+12%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges

### Fees and minimums (Form ADV Part 2A brochure dated March 11, 2026)

- Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it)

> 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%.

- Flat fee: $5,000 a year (financial planning services)

> 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.

- Hourly rate: $300 an hour (financial planning services)

> CPS & Co will be compensated for financial planning services charged on an hourly basis of $300 per hour.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Distributors Company LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $505,418,629
- Discretionary: $488,931,487
- Non-discretionary: $16,487,142

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 100 | $26,825,473 |
| High net worth individuals | 187 | $472,941,080 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 5 | $5,652,076 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2006 (20 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL, MA, NH, NY, RI, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- carlpsherr.com
- LinkedIn @carlpsherr

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $323,769,304 | 6 | March 3, 2021 |
| October 2022 | $381,089,868 | 7 | August 1, 2022 |
| October 2023 | $351,045,811 | 5 | April 21, 2023 |
| October 2024 | $392,649,274 | 5 | March 14, 2024 |
| October 2025 | $450,502,980 | 5 | March 11, 2025 |
| October 2026 | $505,418,629 | 5 | March 11, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $450,502,980 to $505,418,629 (+12%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Carl P. Sherr & Co., LLC (CRD 3394): Form ADV filing data as of October 2026.