# Gardner Russo & Quinn LLC

> Gardner Russo & Quinn LLC is an SEC-registered investment advisory firm in Lancaster, PA, registered since 1992, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 106114
- Filed as: GARDNER RUSSO & QUINN LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lancaster, PA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106114
- AdvisorCensus page: https://advisorcensus.com/firm/gardner-russo-and-quinn-llc-lancaster-pa-106114

## Quick answers

**How is Gardner Russo & Quinn LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Gardner Russo & Quinn LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Gardner Russo & Quinn LLC located?**
Gardner Russo & Quinn LLC's principal office is in Lancaster, PA, according to its Form ADV.

**Is Gardner Russo & Quinn LLC registered with the SEC or a state?**
Gardner Russo & Quinn LLC is an SEC-registered investment advisory firm, registered since 1992. Status as filed: Approved. CRD 106114.

**How much does Gardner Russo & Quinn LLC manage?**
Gardner Russo & Quinn LLC reports $9,448,623,297 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Gardner Russo & Quinn LLC's assets and staff changed since 2021?**
In the Form ADV data for Gardner Russo & Quinn LLC: Regulatory assets under management: $11,446,555,778 in the October 2021 data and $9,448,623,297 in the October 2026 data, down 17%. Total employees: 46 in October 2021 and 47 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Gardner Russo & Quinn LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (1,012); individuals (other than high net worth individuals) (131); other (102).

**Which custodians does Gardner Russo & Quinn LLC use?**
Gardner Russo & Quinn LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Gardner Russo & Quinn 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/106114

**What changed in Gardner Russo & Quinn LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 9 to 8. Registered or notice-filed in CO.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Pershing LLC

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: $9,448,623,297
- Discretionary: $9,448,623,297
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 131 | $102,966,156 |
| High net worth individuals | 1,012 | $4,523,932,937 |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $2,590,614,521 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 14 | $196,000,169 |
| Charitable organizations | 72 | $659,826,136 |
| Corporations or other businesses not listed above | 4 | $48,471,262 |
| Other | 102 | $1,326,812,116 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1992 (34 years)
- Employees: 47 total, 8 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- LinkedIn @gardner-russo-quinn-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $11,446,555,778 | 46 | March 30, 2021 |
| October 2022 | $11,850,957,374 | 51 | March 30, 2022 |
| October 2023 | $9,245,835,915 | 51 | March 30, 2023 |
| October 2024 | $10,058,624,441 | 50 | April 2, 2024 |
| October 2025 | $9,046,009,650 | 50 | March 28, 2025 |
| October 2026 | $9,448,623,297 | 47 | March 31, 2026 |

Regulatory assets under management: $11,446,555,778 in the October 2021 data and $9,448,623,297 in the October 2026 data, down 17%.
Total employees: 46 in October 2021 and 47 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 9 to 8.
- Registered or notice-filed in CO.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Gardner Russo & Quinn LLC (CRD 106114): Form ADV filing data as of October 2026.