# New England Research & Management, Inc.

> New England Research & Management, Inc. is an SEC-registered investment advisory firm in Chicago, IL, registered since 1979, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 25, 2026.

- CRD: 110739
- Filed as: NEW ENGLAND RESEARCH & MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: August 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/110739
- AdvisorCensus page: https://advisorcensus.com/firm/new-england-research-and-management-inc-chicago-il-110739

## Quick answers

**How is New England Research & Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), New England Research & Management, Inc. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is New England Research & Management, Inc. located?**
New England Research & Management, Inc.'s principal office is in Chicago, IL, according to its Form ADV.

**Is New England Research & Management, Inc. registered with the SEC or a state?**
New England Research & Management, Inc. is an SEC-registered investment advisory firm, registered since 1979. Status as filed: Approved. CRD 110739.

**How much does New England Research & Management, Inc. manage?**
New England Research & Management, Inc. reports $337,052,098 in regulatory assets under management in its Form ADV filing dated August 25, 2026 (100% discretionary).

**How have New England Research & Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for New England Research & Management, Inc.: Regulatory assets under management: $265,356,182 in the October 2021 data and $337,052,098 in the October 2026 data, up 27%. Total employees: 4 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does New England Research & Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (79); high net worth individuals (70).

**Which custodians does New England Research & Management, Inc. use?**
New England Research & Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity as a custodian holding 10% or more of its separately managed account assets.

**Does New England Research & Management, 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/110739

**Does New England Research & Management, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated August 25, 2026 says: "As a condition for starting and maintaining an advisory relationship with NERM, it is generally required that Clients have a minimum investment amount of $500,000.00."

**What changed in New England Research & Management, Inc.'s recent Form ADV filings?**
In the September 2026 filing data: Regulatory assets under management went from $285,171,832 to $337,052,098 (+18%). Registered or notice-filed in CA, NY.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated August 25, 2026)

- Account minimum: $500,000

> As a condition for starting and maintaining an advisory relationship with NERM, it is generally required that Clients have a minimum investment amount of $500,000.00.

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

### Custodians (Schedule D, Section 5.K(3))
- Fidelity

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: $337,052,098
- Discretionary: $335,986,882
- Non-discretionary: $1,065,216

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 79 | $25,790,134 |
| High net worth individuals | 70 | $304,687,875 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $6,574,089 |

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

### Firm details
- Registered since: 1979 (47 years)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, IL, LA, MA, NH, NJ, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $265,356,182 | 4 | September 1, 2021 |
| October 2022 | $240,214,297 | 4 | September 15, 2022 |
| October 2023 | $261,584,983 | 4 | September 18, 2023 |
| October 2024 | $264,496,202 | 4 | September 20, 2024 |
| October 2025 | $264,496,202 | 4 | September 20, 2024 |
| October 2026 | $337,052,098 | 4 | August 25, 2026 |

Regulatory assets under management: $265,356,182 in the October 2021 data and $337,052,098 in the October 2026 data, up 27%.
Total employees: 4 in October 2021 and 4 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Regulatory assets under management went from $285,171,832 to $337,052,098 (+18%).
- Registered or notice-filed in CA, NY.

### January 2026
- Registered or notice-filed in LA.
- No longer registered or notice-filed in CA.

### December 2025
- Registered or notice-filed in NJ, TX.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. New England Research & Management, Inc. (CRD 110739): Form ADV filing data as of October 2026.