# 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.

- CRD: 126084
- Filed as: CARUSO MCLEAN & CO., INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Utica, NY
- Filing period: October 2026
- Form ADV filing dated: March 18, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/126084
- AdvisorCensus page: https://advisorcensus.com/firm/caruso-mclean-and-co-inc-utica-ny-126084

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 28, 2025)

- Account minimum: $10,000 (the brochure says it may be waived or negotiated)

> 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 brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $281,766,347
- Discretionary: $22,306,199
- Non-discretionary: $259,460,148

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 23 | $3,872,190 |
| High net worth individuals | 76 | $142,436,995 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 18 | $58,543,774 |
| Charitable organizations | 3 | $34,690,806 |
| Corporations or other businesses not listed above | 5 | $42,222,582 |

### 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

### Firm details
- Registered since: 2005 (21 years)
- Employees: 5 total, 4 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)
- carusomclean.com
- Facebook @Caruso-McLean-Investment-Advisors-166185943465920
- LinkedIn @caruso-mclean-investment-advisors-a2102441

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $207,545,794 | 5 | March 25, 2021 |
| October 2022 | $227,370,046 | 5 | March 30, 2022 |
| October 2023 | $196,965,906 | 6 | March 22, 2023 |
| October 2024 | $232,716,590 | 6 | March 27, 2024 |
| October 2025 | $248,883,367 | 5 | March 28, 2025 |
| October 2026 | $281,766,347 | 5 | March 18, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $248,883,367 to $281,766,347 (+13%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Caruso McLean & Co., Inc. (CRD 126084): Form ADV filing data as of October 2026.