{ "crd_number": 110946, "slug": "fenimore-asset-management-inc-cobleskill-ny-110946", "primary_business_name": "FENIMORE ASSET MANAGEMENT, INC.", "legal_name": "FENIMORE ASSET MANAGEMENT, INC.", "dbas": [], "city": "Cobleskill", "state": "NY", "country": "United States", "cbsa_code": "10580", "metro": { "cbsa_code": "10580", "common_name": "Albany", "msa_name": "Albany-Schenectady-Troy, NY", "path": "/advisors/ny/albany" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1974-12-22", "years_registered": 51, "period": "2026-10-01", "filing_date": "2026-01-02", "carried_forward": false, "raum_total": 5409761045.0, "raum_discretionary": 5409761045.0, "raum_non_discretionary": 0.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 43, "advisory_employees": 23, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 283345312.0, "count": 68 }, "individuals": { "raum": 109693573.0, "count": 177 }, "insurance_companies": { "raum": 37693917.0, "count": 1 }, "investment_companies": { "raum": 2962798612.0, "count": 3 }, "pension_profit_sharing": { "raum": 259446201.0, "count": 20 }, "high_net_worth_individuals": { "raum": 1585992889.0, "count": 399 }, "pooled_investment_vehicles": { "raum": 47970519.0, "count": 1 }, "corporations_other_businesses": { "raum": 122820022.0, "count": 13 } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "educational_seminars", "financial_planning", "pension_consulting", "periodicals_newsletters", "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA", "CO", "CT", "FL", "GA", "IL", "MA", "MD", "NC", "NJ", "NY", "PA", "SC", "TX", "VA", "VT" ], "websites": [ "https://facebook.com/fenimoreassetmanagement", "https://fenimoreasset.com", "https://linkedin.com/company/fenimore-asset-management", "https://x.com/FAMFunds" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/110946", "city_as_filed": "COBLESKILL", "url": "https://advisorcensus.com/firm/fenimore-asset-management-inc-cobleskill-ny-110946", "display_name": "Fenimore Asset Management, Inc.", "summary": "Fenimore Asset Management, Inc. is an SEC-registered investment advisory firm in Cobleskill, NY, registered since 1974, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated January 2, 2026.", "citation": "AdvisorCensus. Fenimore Asset Management, Inc. (CRD 110946): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Portfolio management for investment companies (and business development companies)", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients", "Pension consulting services", "Publication of periodicals or newsletters", "Educational seminars/workshops" ], "quick_answers": [ { "q": "How is Fenimore Asset Management, Inc. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Fenimore Asset Management, Inc. reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Fenimore Asset Management, Inc. located?", "a": "Fenimore Asset Management, Inc.'s principal office is in Cobleskill, NY, according to its Form ADV; the February 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is Fenimore Asset Management, Inc. registered with the SEC or a state?", "a": "Fenimore Asset Management, Inc. is an SEC-registered investment advisory firm, registered since 1974. Status as filed: Approved. CRD 110946." }, { "q": "How much does Fenimore Asset Management, Inc. manage?", "a": "Fenimore Asset Management, Inc. reports $5,409,761,045 in regulatory assets under management in its Form ADV filing dated January 2, 2026 (100% discretionary)." }, { "q": "How have Fenimore Asset Management, Inc.'s assets and staff changed since 2021?", "a": "In the Form ADV data for Fenimore Asset Management, Inc.: Regulatory assets under management: $3,374,142,045 in the October 2021 data and $5,409,761,045 in the October 2026 data, up 60%. Total employees: 30 in October 2021 and 43 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Fenimore Asset Management, Inc. serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (399); individuals (other than high net worth individuals) (177); charitable organizations (68)." }, { "q": "Which custodians does Fenimore Asset Management, Inc. use?", "a": "Fenimore Asset Management, Inc.'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." }, { "q": "Does Fenimore Asset Management, Inc. 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/110946" }, { "q": "What changed in Fenimore Asset Management, Inc.'s recent Form ADV filings?", "a": "In the February 2026 filing data: Employees performing advisory functions went from 24 to 23. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 3374142045.0, "total_employees": 30, "filing_date": "2021-09-15" }, { "period": "2022-10-01", "regulatory_assets_under_management": 4349671573.0, "total_employees": 37, "filing_date": "2022-06-13" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3731649150.0, "total_employees": 37, "filing_date": "2023-05-22" }, { "period": "2024-10-01", "regulatory_assets_under_management": 4194642676.0, "total_employees": 38, "filing_date": "2024-04-04" }, { "period": "2025-10-01", "regulatory_assets_under_management": 5425014709.0, "total_employees": 44, "filing_date": "2025-05-06" }, { "period": "2026-10-01", "regulatory_assets_under_management": 5409761045.0, "total_employees": 43, "filing_date": "2026-01-02" } ], "recent_changes": [ { "period": "2026-02-01", "period_label": "February 2026", "notes": [ "Employees performing advisory functions went from 24 to 23.", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "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/fenimore-asset-management-inc-cobleskill-ny-110946.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 177, "fewer_than_5": false, "raum": 109693573.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 399, "fewer_than_5": false, "raum": 1585992889.0 }, { "type": "investment_companies", "label": "Investment companies", "count": 3, "fewer_than_5": false, "raum": 2962798612.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 1, "fewer_than_5": false, "raum": 47970519.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 20, "fewer_than_5": false, "raum": 259446201.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 68, "fewer_than_5": false, "raum": 283345312.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": 1, "fewer_than_5": false, "raum": 37693917.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 13, "fewer_than_5": false, "raum": 122820022.0 } ], "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/110946", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }