# Kershner, Grosso & Co.

> 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.

- CRD: 105696
- Filed as: KERSHNER, GROSSO & CO.
- Legal name: Kennerman Associate Inc
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Saratoga Spring, NY
- Filing period: October 2026
- Form ADV filing dated: February 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105696
- AdvisorCensus page: https://advisorcensus.com/firm/kershner-grosso-and-co-saratoga-spring-ny-105696

## Quick answers

**How is Kershner, Grosso & Co. compensated?**
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.

**Where is Kershner, Grosso & Co. located?**
Kershner, Grosso & Co.'s principal office is in Saratoga Spring, NY, according to its Form ADV.

**Is Kershner, Grosso & Co. registered with the SEC or a state?**
Kershner, Grosso & Co. is an SEC-registered investment advisory firm, registered since 1986. Status as filed: Approved. CRD 105696.

**How much does Kershner, Grosso & Co. manage?**
Kershner, Grosso & Co. reports $825,450,300 in regulatory assets under management in its Form ADV filing dated February 26, 2026 (100% discretionary).

**How have Kershner, Grosso & Co.'s assets and staff changed since 2021?**
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.

**What types of clients does Kershner, Grosso & Co. serve?**
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).

**Which custodians does Kershner, Grosso & Co. use?**
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.

**Does Kershner, Grosso & Co. 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/105696

**What changed in Kershner, Grosso & Co.'s recent Form ADV filings?**
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).

## 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: $825,450,300
- Discretionary: $825,099,702
- Non-discretionary: $350,598

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 425 | $302,869,280 |
| High net worth individuals | 100 | $453,532,962 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 17 | $22,517,935 |
| Corporations or other businesses not listed above | 20 | $20,574,135 |
| Other | 8 | $25,955,988 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 1986 (40 years)
- Employees: 6 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, MA, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- kershnergrosso.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $444,104,106 | 3 | September 15, 2021 |
| October 2022 | $456,020,013 | 3 | April 21, 2022 |
| October 2023 | $363,197,959 | 3 | March 6, 2023 |
| October 2024 | $436,973,115 | 4 | March 6, 2024 |
| October 2025 | $524,701,866 | 4 | March 10, 2025 |
| October 2026 | $825,450,300 | 6 | February 26, 2026 |

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.

## Changes in the filing (last 12 months)

### March 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Kershner, Grosso & Co. (CRD 105696): Form ADV filing data as of October 2026.