Carl P. Sherr & Co. provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, and tax planning. Financial planning was provided to 101–250 clients last fiscal year.
Carl P. Sherr & Co. reports 292 clients. They include 187 high-net-worth individuals, 100 individual clients and 5 charitable organizations. Of its assets, 96.7% ($489M across 793 accounts) are managed with discretion; $16.5M across 38 accounts are not. Of its clients, 1% are outside the U.S. It advised 15 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 34% | 5% |
| High-net-worth individuals | 64% | 94% |
| Charitable organizations | 2% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 100 | $26.8M | 5.3% | $268K |
| High-net-worth individuals | 187 | $473M | 93.6% | $2.53M |
| Charitable organizations | 5 | $5.65M | 1.1% | $1.13M |
| Total | 292 | $505M | 100% | $1.73M |
- Clients
- 100
- Regulatory AUM
- $26.8M
- AUM share
- 5.3%
- Avg. per client
- $268K
- Clients
- 187
- Regulatory AUM
- $473M
- AUM share
- 93.6%
- Avg. per client
- $2.53M
- Clients
- 5
- Regulatory AUM
- $5.65M
- AUM share
- 1.1%
- Avg. per client
- $1.13M
Total
- Clients
- 292
- Regulatory AUM
- $505M
- AUM share
- 100%
- Avg. per client
- $1.73M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 15
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Carl P. Sherr & Co. charges 0.50%–1.50% a year for its Investment Supervisory Services. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Flat-fee planning has an annual minimum of $5,000, with a $2,500 deposit and a $2,500 installment on completion; prior hourly relationships pay $300 an hour.
Gary Sherr owns 50% to 75% of Carl P. Sherr & Co.. Gary Sherr is CEO; the leadership team includes President Edward Sherr. It has 5 employees, 3 of them in advisory roles.
Leadership
- Gary SherrMember/Chief Executive Officer
- Edward SherrMember/President/Chief Compliance Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Edward Laurence Sherr
- Gary Hyman Sherr
- Jennifer Leigh Simes
Staff
- 5 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 50% to 75% of Carl P. Sherr & Co., LLC
Gary Sherr
Control person · since January 2001
- Owns 50% to 75% of Carl P. Sherr & Co., LLC
Edward Sherr
Control person · since January 2001
Carl P. Sherr & Co.’s regulatory assets grew 1.6× from $324M (March 2021) to $505M (March 2026); clients were 292 in both filings and employees fell from 6 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $505M | 292 | 5 | 1 |
| March 2025 | $451M | 296 | 5 | 1 |
| March 2024 | $393M | 299 | 5 | 1 |
| April 2023 | $351M | 292 | 5 | 1 |
| March 2022 | $381M | 305 | 7 | 1 |
| March 2021 | $324M | 296 | 6 | 1 |
Besides its headquarters, Carl P. Sherr & Co. has 0 offices, with 1 listed address in Massachusetts.
Massachusetts · 1 listed address
- 446 Main Street, WorcesterHQ
Contact and registration details
- Legal name
- Carl P. Sherr & Co., LLC
- Headquarters
- 446 Main Street, Worcester, MA 01608
- Website
- carlpsherr.com
- Phone
- 508-791-7126
- @carlpsherr
- SEC file
- 801-66673
- Founded
- 1964
- Structure
- Massachusetts LLC
- Fiscal year end
- December
Carl P. Sherr & Co. uses Fidelity ($494M) as custodian for its separately managed accounts. Carl P. Sherr & Co. has custody of $56.3M in client assets for 51 clients.
- FidelityFidelity Distributors Company LLC · Smithfield, RI · $494M100%
At year end, Carl P. Sherr & Co.’s separately managed accounts were largely in stocks (45%) and funds (43%). Its reported 13F holdings for the quarter ended 30 June 2026 total $239M across 134 positions; the largest are iShares TR (7.4%), iShares TR (6.2%) and Apple Inc. (5.8%).
What the accounts hold
- Stocks45%
- Funds43%
- Bonds3%
- State and local bonds2%
- Investment grade corporate bonds1%
- Cash6%
- Other3%
- Variable annuities3%
Reported 13F holdings
- $239M
- Reported 13F value
- 134
- Positions
- 44.2%
- In the 10 largest
- +12.1%
- Value vs. prior quarter
- iShares TR · S&P 500 Grwt ETF7.4%
- iShares TR · Core S&P US Vlu6.2%
- Apple Inc.5.8%
- iShares TR · Core MSCI Total5.1%
- iShares TR · Ishs 5-10yr Invt4.7%
- Vanguard BD Index Fds · Intermed Term4.4%
- Eli Lilly & CO2.8%
- Microsoft Corp.2.8%
- iShares TR · Rus Mid Cap ETF2.6%
- Nvidia Corporation2.6%
Together, the ten largest are 44.2% of reported value.
How many clients does Carl P. Sherr & Co. have?
Carl P. Sherr & Co. has 292 clients and manages $505 million for them, as of March 2026. They include 187 high-net-worth individuals, 100 individual clients and 5 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 March 2026
What services does Carl P. Sherr & Co. offer?
Carl P. Sherr & Co. provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Carl P. Sherr & Co. charge?
Carl P. Sherr & Co. charges 0.50%–1.50% a year for its Investment Supervisory Services. The fee is billed in arrears and is negotiable.
Source: CARL P. SHERR & CO., LLC 2026 ANNUAL FIRM BROCHURE, filed 11 March 2026
Which custodians does Carl P. Sherr & Co. use?
Carl P. Sherr & Co.’s separately managed account assets are held at Fidelity Distributors Company LLC (Smithfield, RI), with $494M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 11 March 2026
How many financial advisors does Carl P. Sherr & Co. have?
Carl P. Sherr & Co. has 3 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Carl P. Sherr & Co. invest in?
At the end of its last fiscal year, Carl P. Sherr & Co.’s separately managed accounts held 45% exchange-traded equities, 43% registered funds (mutual funds, ETFs, BDCs), 6% cash and equivalents, 3% other, 2% state and local bonds and 1% investment grade corporate bonds. The 3% other category is described as: Variable Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Carl P. Sherr & Co.?
Carl P. Sherr & Co.’s direct owners are Gary Sherr (50% to 75%) and Edward Sherr (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 11 March 2026
How does Carl P. Sherr & Co. get paid?
Carl P. Sherr & Co. is paid through a percentage of assets under management and hourly charges. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Carl P. Sherr & Co.?
Carl P. Sherr & Co.’s main office is at 446 Main Street, Worcester, MA 01608. Its phone number is 508-791-7126. Its website is carlpsherr.com.