# Carosa, Stanton & Depaolo Asset Management, LLC > Carosa, Stanton & Depaolo Asset Management, LLC is an SEC-registered investment advisory firm in Mendon, NY, registered since 1996, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 27, 2026. - CRD: 104588 - Filed as: CAROSA, STANTON & DEPAOLO ASSET MANAGEMENT, LLC - Legal name: Carosa Stanton Asset Management, LLC - Also doing business as: CAROSA, STANTON & DEPAOLO ASSET MANAGEMENT, LLC, INDEPENDENT FIDUCIARY CONSULTANTS - Registration: SEC-registered investment adviser (status as filed: Approved) - Location: Mendon, NY - Filing period: October 2026 - Form ADV filing dated: March 27, 2026 - SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104588 - AdvisorCensus page: https://advisorcensus.com/firm/carosa-stanton-and-depaolo-asset-management-llc-mendon-ny-104588 ## Quick answers **How is Carosa, Stanton & Depaolo Asset Management, LLC compensated?** On its Form ADV (Item 5.E, October 2026), Carosa, Stanton & Depaolo Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure. **Where is Carosa, Stanton & Depaolo Asset Management, LLC located?** Carosa, Stanton & Depaolo Asset Management, LLC's principal office is in Mendon, NY, according to its Form ADV. **Is Carosa, Stanton & Depaolo Asset Management, LLC registered with the SEC or a state?** Carosa, Stanton & Depaolo Asset Management, LLC is an SEC-registered investment advisory firm, registered since 1996. Status as filed: Approved. CRD 104588. **How much does Carosa, Stanton & Depaolo Asset Management, LLC manage?** Carosa, Stanton & Depaolo Asset Management, LLC reports $50,745,803 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary). **How have Carosa, Stanton & Depaolo Asset Management, LLC's assets and staff changed since 2021?** In the Form ADV data for Carosa, Stanton & Depaolo Asset Management, LLC: Regulatory assets under management: $38,908,283 in the October 2021 data and $50,745,803 in the October 2026 data, up 30%. Total employees: 3 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going. **What types of clients does Carosa, Stanton & Depaolo Asset Management, LLC serve?** By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (25); investment companies (2). **Which custodians does Carosa, Stanton & Depaolo Asset Management, LLC use?** Carosa, Stanton & Depaolo Asset Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets. **Does Carosa, Stanton & Depaolo Asset Management, 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/104588 **What changed in Carosa, Stanton & Depaolo Asset Management, LLC's recent Form ADV filings?** In the April 2026 filing data: Regulatory assets under management went from $43,644,000 to $50,745,803 (+16%). ## From the Form ADV filing ### Compensation (Item 5.E) - A percentage of assets under your management ### Custodians (Schedule D, Section 5.K(3)) - Charles Schwab & Co., Inc. 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: $50,745,803 - Discretionary: $50,745,803 - Non-discretionary: $0 ### Clients (Item 5.D) | Client type | Clients | Assets | | --- | --- | --- | | Individuals (other than high net worth individuals) | 25 | $32,234,537 | | High net worth individuals | 0 | $0 | | Banking or thrift institutions | 0 | $0 | | Investment companies | 2 | $18,511,266 | | 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 | Not reported | | Charitable organizations | 0 | $0 | | 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 | | Other | 0 | $0 | ### Advisory services (Item 5.G) - Portfolio management for individuals and/or small businesses - Portfolio management for investment companies (and business development companies) - Portfolio management for businesses (other than small businesses) or institutional clients - Pension consulting services ### Firm details - Registered since: 1996 (29 years) - Employees: 3 total, 2 performing advisory functions - Wrap fee program participation: No - States registered or notice-filed: NY - Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11. ### Websites listed on Form ADV (Item 1.I) - [bullfinchfund.com](https://bullfinchfund.com) - [carosastanton.com](https://carosastanton.com) - [carosastantonanddepaolo.com](https://carosastantonanddepaolo.com) - [independentfiduciaryconsultants.com](https://independentfiduciaryconsultants.com) ## Assets and staff over time | Data period | Regulatory assets under management | Employees | Filing dated | | --- | --- | --- | --- | | October 2021 | $38,908,283 | 3 | March 31, 2021 | | October 2022 | $44,238,539 | 3 | March 24, 2022 | | October 2023 | $35,544,164 | 3 | March 27, 2023 | | October 2024 | $41,514,000 | 3 | March 29, 2024 | | October 2025 | $43,644,000 | 3 | March 28, 2025 | | October 2026 | $50,745,803 | 3 | March 27, 2026 | Regulatory assets under management: $38,908,283 in the October 2021 data and $50,745,803 in the October 2026 data, up 30%. Total employees: 3 in October 2021 and 3 in October 2026. ## Changes in the filing (last 12 months) ### April 2026 - Regulatory assets under management went from $43,644,000 to $50,745,803 (+16%). ## Source Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Carosa, Stanton & Depaolo Asset Management, LLC (CRD 104588): Form ADV filing data as of October 2026.