{
  "crd_number": 106749,
  "slug": "m-kraus-and-company-shelburne-vt-106749",
  "primary_business_name": "M. KRAUS & COMPANY",
  "legal_name": "M. KRAUS & COMPANY",
  "dbas": [],
  "city": "Shelburne",
  "state": "VT",
  "country": "United States",
  "cbsa_code": "15540",
  "metro": {
    "cbsa_code": "15540",
    "common_name": "Burlington",
    "msa_name": "Burlington-South Burlington, VT",
    "path": "/advisors/vt/burlington"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1996-05-29",
  "years_registered": 30,
  "period": "2026-10-01",
  "filing_date": "2026-08-03",
  "carried_forward": false,
  "raum_total": 559278035.0,
  "raum_discretionary": 517873727.0,
  "raum_non_discretionary": 41404308.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 5,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 16597515.0,
      "count": 5
    },
    "individuals": {
      "raum": 24143616.0,
      "count": 88
    },
    "high_net_worth_individuals": {
      "raum": 518333735.0,
      "count": 131
    },
    "corporations_other_businesses": {
      "raum": 203169.0,
      "count": 4,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CT",
    "FL",
    "MA",
    "NE",
    "NH",
    "NJ",
    "NY",
    "TX",
    "VT"
  ],
  "websites": [
    "https://mkrausco.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106749",
  "city_as_filed": "SHELBURNE",
  "url": "https://advisorcensus.com/firm/m-kraus-and-company-shelburne-vt-106749",
  "display_name": "M. Kraus & Company",
  "summary": "M. Kraus & Company is an SEC-registered investment advisory firm in Shelburne, VT, registered since 1996, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 3, 2026.",
  "citation": "AdvisorCensus. M. Kraus & Company (CRD 106749): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is M. Kraus & Company compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), M. Kraus & Company reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is M. Kraus & Company located?",
      "a": "M. Kraus & Company's principal office is in Shelburne, VT, according to its Form ADV."
    },
    {
      "q": "Is M. Kraus & Company registered with the SEC or a state?",
      "a": "M. Kraus & Company is an SEC-registered investment advisory firm, registered since 1996. Status as filed: Approved. CRD 106749."
    },
    {
      "q": "How much does M. Kraus & Company manage?",
      "a": "M. Kraus & Company reports $559,278,035 in regulatory assets under management in its Form ADV filing dated August 3, 2026 (93% discretionary)."
    },
    {
      "q": "How have M. Kraus & Company's assets and staff changed since 2021?",
      "a": "In the Form ADV data for M. Kraus & Company: Regulatory assets under management: $399,439,567 in the October 2021 data and $559,278,035 in the October 2026 data, up 40%. Total employees: 4 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does M. Kraus & Company serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (131); individuals (other than high net worth individuals) (88); charitable organizations (5)."
    },
    {
      "q": "Which custodians does M. Kraus & Company use?",
      "a": "M. Kraus & Company'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 M. Kraus & Company 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/106749"
    },
    {
      "q": "Does M. Kraus & Company state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 3, 2026 says: \"M. Kraus & Company requires a minimum account of $500,000 for Investment Management clients. This may be negotiable under certain circumstances.\""
    },
    {
      "q": "What changed in M. Kraus & Company's recent Form ADV filings?",
      "a": "In the September 2026 filing data: Registered or notice-filed in CA."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 399439567.0,
      "total_employees": 4,
      "filing_date": "2021-09-23"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 492903561.0,
      "total_employees": 4,
      "filing_date": "2022-03-03"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 448080742.0,
      "total_employees": 5,
      "filing_date": "2023-02-02"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 494219930.0,
      "total_employees": 5,
      "filing_date": "2024-02-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 523512825.0,
      "total_employees": 5,
      "filing_date": "2025-04-24"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 559278035.0,
      "total_employees": 5,
      "filing_date": "2026-08-03"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Registered or notice-filed in CA."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 4 to 5."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 3, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "M. Kraus & Company requires a minimum account of $500,000 for Investment Management clients. This may be negotiable under certain circumstances."
        ]
      }
    ],
    "quotes": [
      "M. Kraus & Company requires a minimum account of $500,000 for Investment Management clients. This may be negotiable under certain circumstances."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "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/m-kraus-and-company-shelburne-vt-106749.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 88,
      "fewer_than_5": false,
      "raum": 24143616.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 131,
      "fewer_than_5": false,
      "raum": 518333735.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 5,
      "fewer_than_5": false,
      "raum": 16597515.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 4,
      "fewer_than_5": true,
      "raum": 203169.0
    }
  ],
  "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/106749",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}