AdvisorCensus / Financial advisors / New York / Utica / Caruso McLean & Co., Inc.
Caruso McLean & Co., Inc. is an SEC-registered investment advisory firm in Utica, NY, registered since 2005, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 18, 2026.
Quick answers
From the filingHow is Caruso McLean & Co., Inc. compensated?
On its Form ADV (Item 5.E, October 2026), Caruso McLean & Co., Inc. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
Where is Caruso McLean & Co., Inc. located?
Caruso McLean & Co., Inc.'s principal office is in Utica, NY, according to its Form ADV.
Is Caruso McLean & Co., Inc. registered with the SEC or a state?
Caruso McLean & Co., Inc. is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 126084.
How much does Caruso McLean & Co., Inc. manage?
Caruso McLean & Co., Inc. reports $281,766,347 in regulatory assets under management in its Form ADV filing dated March 18, 2026 (8% discretionary).
How have Caruso McLean & Co., Inc.'s assets and staff changed since 2021?
In the Form ADV data for Caruso McLean & Co., Inc.: Regulatory assets under management: $207,545,794 in the October 2021 data and $281,766,347 in the October 2026 data, up 36%. Total employees: 5 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 Caruso McLean & Co., Inc. serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (76); individuals (other than high net worth individuals) (23); pension and profit sharing plans (but not the plan participants or government pension plans) (18).
Does Caruso McLean & Co., Inc. 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/126084
Does Caruso McLean & Co., Inc. state an account minimum?
Its Form ADV Part 2A brochure dated March 28, 2025 says: "The minimum account size to establish an investment advisory account with Caruso McLean is $10,000. Caruso McLean reserves the right to waive any applicable minimum account size requirements to establish an investment advisory services account."
What changed in Caruso McLean & Co., Inc.'s recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $248,883,367 to $281,766,347 (+13%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Account minimum: $10,000 (the brochure says it may be waived or negotiated)
The brochure's wording
The minimum account size to establish an investment advisory account with Caruso McLean is $10,000. Caruso McLean reserves the right to waive any applicable minimum account size requirements to establish an investment advisory services account.
As stated in the firm's Form ADV Part 2A brochure dated March 28, 2025. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$281,766,347 as of October 2026, filing dated March 18, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2005 (21 years)
- Employees
- Total: 5. Performing investment advisory functions: 4.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $281,766,347 | 5 | March 18, 2026 |
| October 2025 | $248,883,367 | 5 | March 28, 2025 |
| October 2024 | $232,716,590 | 6 | March 27, 2024 |
| October 2023 | $196,965,906 | 6 | March 22, 2023 |
| October 2022 | $227,370,046 | 5 | March 30, 2022 |
| October 2021 | $207,545,794 | 5 | March 25, 2021 |
Regulatory assets under management: $207,545,794 in the October 2021 data and $281,766,347 in the October 2026 data, up 36%.
Total employees: 5 in October 2021 and 5 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $248,883,367 to $281,766,347 (+13%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Caruso McLean & Co., Inc. (CRD 126084): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/caruso-mclean-and-co-inc-utica-ny-126084