Caruso McLean & Co. provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Caruso McLean & Co. reports 125 clients. They include 76 high-net-worth individuals, 23 individual clients, and 18 pension and profit-sharing plans. Of its assets, 7.9% ($22.3M across 12 accounts) are managed with discretion; $259M across 170 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 18% | 1% |
| High-net-worth individuals | 61% | 51% |
| Pension and profit-sharing plans | 14% | 21% |
| Charitable organizations | 2% | 12% |
| Corporations and other businesses | 4% | 15% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 23 | $3.87M | 1.4% | $168K |
| High-net-worth individuals | 76 | $142M | 50.6% | $1.87M |
| Pension and profit-sharing plans | 18 | $58.5M | 20.8% | $3.25M |
| Charitable organizations | 3 | $34.7M | 12.3% | $11.6M |
| Corporations and other businesses | 5 | $42.2M | 15.0% | $8.44M |
| Total | 125 | $282M | 100% | $2.25M |
- Clients
- 23
- Regulatory AUM
- $3.87M
- AUM share
- 1.4%
- Avg. per client
- $168K
- Clients
- 76
- Regulatory AUM
- $142M
- AUM share
- 50.6%
- Avg. per client
- $1.87M
- Clients
- 18
- Regulatory AUM
- $58.5M
- AUM share
- 20.8%
- Avg. per client
- $3.25M
- Clients
- 3
- Regulatory AUM
- $34.7M
- AUM share
- 12.3%
- Avg. per client
- $11.6M
- Clients
- 5
- Regulatory AUM
- $42.2M
- AUM share
- 15.0%
- Avg. per client
- $8.44M
Total
- Clients
- 125
- Regulatory AUM
- $282M
- AUM share
- 100%
- Avg. per client
- $2.25M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Caruso McLean & Co. charges 0.75%–1.80% a year for its Asset management services. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Asset allocation consulting
- Asset allocation consulting is charged a discounted asset-based fee on a schedule of 1.80% to 0.75% a year, negotiable.
- Planning and consulting services
- Planning and consulting fees are fixed by investable assets, from $500 (up to $100,000) to $4,000 (over $1,000,000), and are negotiable.
Gregory McLean owns 75% or more of Caruso McLean & Co.. The leadership team of Caruso McLean & Co. includes President Gregory McLean and Chief Compliance Officer Stephen Caruso. It has 5 employees, 4 of them in advisory roles.
Leadership
- Gregory McLeanCEO, President, CFO
- Stephen CarusoChief Compliance Officer
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
- Stephen Louis Caruso
- Kevin W Conway
- David B Hamlin
- Gregory Bruce McLean
Staff
- 5 employees
- 4 in advisory functions
- 5 state-registered reps
- 5 broker-dealer reps
- 4 insurance agents
- Owns 75% or more of Caruso McLean & Co., Inc.
Gregory McLean
Control person · since March 1988
Caruso McLean & Co.’s regulatory assets grew from $208M (March 2021) to $282M (March 2026); clients fell from 138 to 125 and employees were 5 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $282M | 125 | 5 | 1 |
| March 2025 | $249M | 131 | 5 | 1 |
| March 2024 | $233M | 131 | 6 | 1 |
| March 2023 | $197M | 127 | 6 | 1 |
| March 2022 | $227M | 127 | 5 | 1 |
| March 2021 | $208M | 138 | 5 | 1 |
Besides its headquarters, Caruso McLean & Co. has 0 offices, with 1 listed address in New York.
New York · 1 listed address
- 130 Lomond Court, UticaHQ
Contact and registration details
- Legal name
- Caruso McLean & Co., Inc.
- Headquarters
- 130 Lomond Court, Utica, NY 13502
- Website
- carusomclean.com
- Phone
- 315-724-5105
- SEC file
- 801-64498
- Structure
- New York corporation
- Fiscal year end
- December
Caruso McLean & Co. does not have custody of client assets.
At year end, Caruso McLean & Co.’s separately managed accounts were mostly in funds (85%).
What the accounts hold
- Stocks5%
- Funds85%
- Bonds7%
- U.S. government and agency bonds4%
- State and local bonds3%
- Cash3%
How many clients does Caruso McLean & Co. have?
Caruso McLean & Co. has 125 clients and manages $282 million for them, as of March 2026. They include 76 high-net-worth individuals, 23 individual clients, and 18 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 18 March 2026
What services does Caruso McLean & Co. offer?
Caruso McLean & Co. provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Caruso McLean & Co. charge?
Caruso McLean & Co. charges 0.75%–1.80% a year for its Asset management services. The fee is billed in advance and is negotiable.
Source: CARUSO MCLEAN & CO DISCLOSURE BROCHURE, filed 18 March 2026
How many financial advisors does Caruso McLean & Co. have?
Caruso McLean & Co. has 5 investment adviser representatives registered with state securities authorities, out of 5 employees, and 4 perform investment advisory functions. 5 employees are registered representatives of a broker-dealer and 4 employees are 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 Caruso McLean & Co. invest in?
At the end of its last fiscal year, Caruso McLean & Co.’s separately managed accounts held 85% registered funds (mutual funds, ETFs, BDCs), 5% exchange-traded equities, 4% U.S. government and agency bonds, 3% state and local bonds and 3% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Caruso McLean & Co.?
Caruso McLean & Co.’s direct owner is Gregory McLean (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 18 March 2026
How does Caruso McLean & Co. get paid?
Caruso McLean & Co. is paid through a percentage of assets under management and fixed fees. 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 Caruso McLean & Co.?
Caruso McLean & Co.’s main office is at 130 Lomond Court, Utica, NY 13502. Its phone number is 315-724-5105. Its website is carusomclean.com.