{
  "crd_number": 105696,
  "slug": "kershner-grosso-and-co-saratoga-spring-ny-105696",
  "primary_business_name": "KERSHNER, GROSSO & CO.",
  "legal_name": "KENNERMAN ASSOCIATE INC",
  "dbas": [],
  "city": "Saratoga Spring",
  "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": "1986-09-24",
  "years_registered": 40,
  "period": "2026-10-01",
  "filing_date": "2026-02-26",
  "carried_forward": false,
  "raum_total": 825450300.0,
  "raum_discretionary": 825099702.0,
  "raum_non_discretionary": 350598.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 6,
  "advisory_employees": 6,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 25955988.0,
      "count": 8,
      "description": "SPECIAL NEEDS TRUSTS"
    },
    "individuals": {
      "raum": 302869280.0,
      "count": 425
    },
    "pension_profit_sharing": {
      "raum": 22517935.0,
      "count": 17
    },
    "high_net_worth_individuals": {
      "raum": 453532962.0,
      "count": 100
    },
    "corporations_other_businesses": {
      "raum": 20574135.0,
      "count": 20
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "MA",
    "NY"
  ],
  "websites": [
    "https://kershnergrosso.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105696",
  "city_as_filed": "SARATOGA SPRING",
  "url": "https://advisorcensus.com/firm/kershner-grosso-and-co-saratoga-spring-ny-105696",
  "display_name": "Kershner, Grosso & Co.",
  "summary": "Kershner, Grosso & Co. is an SEC-registered investment advisory firm in Saratoga Spring, NY, registered since 1986, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated February 26, 2026.",
  "citation": "AdvisorCensus. Kershner, Grosso & Co. (CRD 105696): 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": [
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Kershner, Grosso & Co. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Kershner, Grosso & Co. 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 Kershner, Grosso & Co. located?",
      "a": "Kershner, Grosso & Co.'s principal office is in Saratoga Spring, NY, according to its Form ADV."
    },
    {
      "q": "Is Kershner, Grosso & Co. registered with the SEC or a state?",
      "a": "Kershner, Grosso & Co. is an SEC-registered investment advisory firm, registered since 1986. Status as filed: Approved. CRD 105696."
    },
    {
      "q": "How much does Kershner, Grosso & Co. manage?",
      "a": "Kershner, Grosso & Co. reports $825,450,300 in regulatory assets under management in its Form ADV filing dated February 26, 2026 (100% discretionary)."
    },
    {
      "q": "How have Kershner, Grosso & Co.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Kershner, Grosso & Co.: Regulatory assets under management: $444,104,106 in the October 2021 data and $825,450,300 in the October 2026 data, up 86%. Total employees: 3 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Kershner, Grosso & Co. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (425); high net worth individuals (100); corporations or other businesses not listed above (20)."
    },
    {
      "q": "Which custodians does Kershner, Grosso & Co. use?",
      "a": "Kershner, Grosso & Co.'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 Kershner, Grosso & Co. 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/105696"
    },
    {
      "q": "What changed in Kershner, Grosso & Co.'s recent Form ADV filings?",
      "a": "In the March 2026 filing data: Employees performing advisory functions went from 4 to 6. Regulatory assets under management went from $524,701,866 to $825,450,300 (+57%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 444104106.0,
      "total_employees": 3,
      "filing_date": "2021-09-15"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 456020013.0,
      "total_employees": 3,
      "filing_date": "2022-04-21"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 363197959.0,
      "total_employees": 3,
      "filing_date": "2023-03-06"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 436973115.0,
      "total_employees": 4,
      "filing_date": "2024-03-06"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 524701866.0,
      "total_employees": 4,
      "filing_date": "2025-03-10"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 825450300.0,
      "total_employees": 6,
      "filing_date": "2026-02-26"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Employees performing advisory functions went from 4 to 6.",
        "Regulatory assets under management went from $524,701,866 to $825,450,300 (+57%).",
        "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/kershner-grosso-and-co-saratoga-spring-ny-105696.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 425,
      "fewer_than_5": false,
      "raum": 302869280.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 100,
      "fewer_than_5": false,
      "raum": 453532962.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 17,
      "fewer_than_5": false,
      "raum": 22517935.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 20,
      "fewer_than_5": false,
      "raum": 20574135.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 8,
      "fewer_than_5": false,
      "raum": 25955988.0
    }
  ],
  "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/105696",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}