# M. Kraus & Company

> 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.

- CRD: 106749
- Filed as: M. KRAUS & COMPANY
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Shelburne, VT
- Filing period: October 2026
- Form ADV filing dated: August 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106749
- AdvisorCensus page: https://advisorcensus.com/firm/m-kraus-and-company-shelburne-vt-106749

## Quick answers

**How is M. Kraus & Company compensated?**
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).

**How much does M. Kraus & Company charge?**
Its Form ADV Part 2A brochure dated March 3, 2026 states: Flat fee: $25 to $275 a quarter (fixed investment advisory fee); Hourly rate: $275 an hour (trustee services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is M. Kraus & Company located?**
M. Kraus & Company's principal office is in Shelburne, VT, according to its Form ADV.

**Is M. Kraus & Company registered with the SEC or a state?**
M. Kraus & Company is an SEC-registered investment advisory firm, registered since 1996. Status as filed: Approved. CRD 106749.

**How much does M. Kraus & Company manage?**
M. Kraus & Company reports $559,278,035 in regulatory assets under management in its Form ADV filing dated August 3, 2026 (93% discretionary).

**How have M. Kraus & Company's assets and staff changed since 2021?**
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.

**What types of clients does M. Kraus & Company serve?**
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).

**Which custodians does M. Kraus & Company use?**
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.

**Does M. Kraus & Company 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/106749

**Does M. Kraus & Company state an account minimum?**
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."

**What changed in M. Kraus & Company's recent Form ADV filings?**
In the September 2026 filing data: Registered or notice-filed in CA.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 3, 2026)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> M. Kraus & Company requires a minimum account of $500,000 for Investment Management clients. This may be negotiable under certain circumstances.

- Flat fee: $25 to $275 a quarter (fixed investment advisory fee)

> At times M. Kraus & Company will negotiate a fixed investment advisory fee with clients. Currently, this fee ranges from $25 to $275 per quarter

- Hourly rate: $275 an hour (trustee services)

> trustee services will be charged at a rate of $275 per hour as services are used.

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: $559,278,035
- Discretionary: $517,873,727
- Non-discretionary: $41,404,308

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 88 | $24,143,616 |
| High net worth individuals | 131 | $518,333,735 |
| Charitable organizations | 5 | $16,597,515 |
| Corporations or other businesses not listed above | 4 | $203,169 |

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

### Firm details
- Registered since: 1996 (30 years)
- Employees: 5 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL, MA, NE, NH, NJ, NY, TX, VT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $399,439,567 | 4 | September 23, 2021 |
| October 2022 | $492,903,561 | 4 | March 3, 2022 |
| October 2023 | $448,080,742 | 5 | February 2, 2023 |
| October 2024 | $494,219,930 | 5 | February 26, 2024 |
| October 2025 | $523,512,825 | 5 | April 24, 2025 |
| October 2026 | $559,278,035 | 5 | August 3, 2026 |

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.

## Changes in the filing (last 12 months)

### September 2026
- Registered or notice-filed in CA.

### April 2026
- Employees performing advisory functions went from 4 to 5.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. M. Kraus & Company (CRD 106749): Form ADV filing data as of October 2026.