# Fenimore Asset Management, Inc.

> 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.

- CRD: 110946
- Filed as: FENIMORE ASSET MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Cobleskill, NY
- Filing period: October 2026
- Form ADV filing dated: January 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110946
- AdvisorCensus page: https://advisorcensus.com/firm/fenimore-asset-management-inc-cobleskill-ny-110946

## Quick answers

**How is Fenimore Asset Management, Inc. compensated?**
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.

**Where is Fenimore Asset Management, Inc. located?**
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).

**Is Fenimore Asset Management, Inc. registered with the SEC or a state?**
Fenimore Asset Management, Inc. is an SEC-registered investment advisory firm, registered since 1974. Status as filed: Approved. CRD 110946.

**How much does Fenimore Asset Management, Inc. manage?**
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).

**How have Fenimore Asset Management, Inc.'s assets and staff changed since 2021?**
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.

**What types of clients does Fenimore Asset Management, Inc. serve?**
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).

**Which custodians does Fenimore Asset Management, Inc. use?**
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.

**Does Fenimore Asset Management, 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/110946

**What changed in Fenimore Asset Management, Inc.'s recent Form ADV filings?**
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).

## 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: $5,409,761,045
- Discretionary: $5,409,761,045
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 177 | $109,693,573 |
| High net worth individuals | 399 | $1,585,992,889 |
| Investment companies | 3 | $2,962,798,612 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $47,970,519 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 20 | $259,446,201 |
| Charitable organizations | 68 | $283,345,312 |
| Insurance companies | 1 | $37,693,917 |
| Corporations or other businesses not listed above | 13 | $122,820,022 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 1974 (51 years)
- Employees: 43 total, 23 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, CT, FL, GA, IL, MA, MD, NC, NJ, NY, PA, SC, TX, VA, VT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the February 2026 filing
- Albany, NY

### Websites listed on Form ADV (Item 1.I)
- fenimoreasset.com
- Facebook @fenimoreassetmanagement
- LinkedIn @fenimore-asset-management
- X @FAMFunds

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,374,142,045 | 30 | September 15, 2021 |
| October 2022 | $4,349,671,573 | 37 | June 13, 2022 |
| October 2023 | $3,731,649,150 | 37 | May 22, 2023 |
| October 2024 | $4,194,642,676 | 38 | April 4, 2024 |
| October 2025 | $5,425,014,709 | 44 | May 6, 2025 |
| October 2026 | $5,409,761,045 | 43 | January 2, 2026 |

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.

## Changes in the filing (last 12 months)

### February 2026
- Employees performing advisory functions went from 24 to 23.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Fenimore Asset Management, Inc. (CRD 110946): Form ADV filing data as of October 2026.