# Hendershot Investments, Inc.

> Hendershot Investments, Inc. is an SEC-registered investment advisory firm, registered since 2004, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 115472
- Filed as: HENDERSHOT INVESTMENTS, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/115472
- AdvisorCensus page: https://advisorcensus.com/firm/hendershot-investments-inc-115472

## Quick answers

**How is Hendershot Investments, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Hendershot Investments, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; subscription fees (for a newsletter or periodical); fixed fees (other than subscription fees).

**Is Hendershot Investments, Inc. registered with the SEC or a state?**
Hendershot Investments, Inc. is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 115472.

**How much does Hendershot Investments, Inc. manage?**
Hendershot Investments, Inc. reports $1,070,570,296 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Hendershot Investments, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Hendershot Investments, Inc.: Regulatory assets under management: $545,538,554 in the October 2021 data and $1,070,570,296 in the October 2026 data, up 96%. Total employees: 5 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Hendershot Investments, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (292); high net worth individuals (224); pension and profit sharing plans (but not the plan participants or government pension plans) (5).

**Which custodians does Hendershot Investments, Inc. use?**
Hendershot Investments, 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 Hendershot Investments, 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/115472

**Does Hendershot Investments, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated March 27, 2026 says: "Hendershot Investments imposes a minimum account size of $250,000 in cash and/or securities in order to provide portfolio management services but may waive this minimum at its discretion."

**What changed in Hendershot Investments, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Registered or notice-filed in OR.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Subscription fees (for a newsletter or periodical)
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Account minimum: $250,000 (the brochure says it may be waived or negotiated)

> Hendershot Investments imposes a minimum account size of $250,000 in cash and/or securities in order to provide portfolio management services but may waive this minimum at its discretion.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### 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: $1,070,570,296
- Discretionary: $1,070,570,296
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 292 | $117,124,411 |
| High net worth individuals | 224 | $862,965,738 |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 5 | $11,408,219 |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 5 | $79,071,928 |

### 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
- Publication of periodicals or newsletters

### Firm details
- Registered since: 2004 (22 years)
- Employees: 6 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, DC, FL, GA, LA, MA, MD, MN, NC, NH, NJ, NV, NY, OH, OR, PA, SC, TX, VA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [hendershotinvestments.com](https://hendershotinvestments.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $545,538,554 | 5 | March 26, 2021 |
| October 2022 | $866,251,369 | 5 | March 29, 2022 |
| October 2023 | $813,842,058 | 5 | March 29, 2023 |
| October 2024 | $883,327,423 | 5 | March 27, 2024 |
| October 2025 | $984,689,215 | 6 | March 28, 2025 |
| October 2026 | $1,070,570,296 | 6 | March 27, 2026 |

Regulatory assets under management: $545,538,554 in the October 2021 data and $1,070,570,296 in the October 2026 data, up 96%.
Total employees: 5 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Registered or notice-filed in OR.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Hendershot Investments, Inc. (CRD 115472): Form ADV filing data as of October 2026.