Gardner Russo & Quinn provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions. The firm advises 3 private funds.
Gardner Russo & Quinn reports 1,346 clients. They include 1,012 high-net-worth individuals, 131 individual clients and 102 other clients. Of its assets, 100.0% ($9.45B across 1,346 accounts) are managed with discretion. Of its clients, 3% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 10% | 1% |
| High-net-worth individuals | 75% | 48% |
| Pooled investment vehicles | <1% | 27% |
| Pension and profit-sharing plans | 1% | 2% |
| Charitable organizations | 5% | 7% |
| Other client typesCorporations and other businesses; Other | 8% | 15% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 131 | $103M | 1.1% | $786K |
| High-net-worth individuals | 1,012 | $4.52B | 47.9% | $4.47M |
| Pooled investment vehicles | 11 | $2.59B | 27.4% | $236M |
| Pension and profit-sharing plans | 14 | $196M | 2.1% | $14M |
| Charitable organizations | 72 | $660M | 7.0% | $9.16M |
| Corporations and other businesses | 4 | $48.5M | 0.5% | $12.1M |
| Other | 102 | $1.33B | 14.0% | $13M |
| Total | 1,346 | $9.45B | 100% | $7.02M |
- Clients
- 131
- Regulatory AUM
- $103M
- AUM share
- 1.1%
- Avg. per client
- $786K
- Clients
- 1,012
- Regulatory AUM
- $4.52B
- AUM share
- 47.9%
- Avg. per client
- $4.47M
- Clients
- 11
- Regulatory AUM
- $2.59B
- AUM share
- 27.4%
- Avg. per client
- $236M
- Clients
- 14
- Regulatory AUM
- $196M
- AUM share
- 2.1%
- Avg. per client
- $14M
- Clients
- 72
- Regulatory AUM
- $660M
- AUM share
- 7.0%
- Avg. per client
- $9.16M
- Clients
- 4
- Regulatory AUM
- $48.5M
- AUM share
- 0.5%
- Avg. per client
- $12.1M
- Clients
- 102
- Regulatory AUM
- $1.33B
- AUM share
- 14.0%
- Avg. per client
- $13M
Total
- Clients
- 1,346
- Regulatory AUM
- $9.45B
- AUM share
- 100%
- Avg. per client
- $7.02M
- Clients outside the U.S.
- 3%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 3
Gardner Russo & Quinn is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Thomas Russo owns 75% or more of Gardner Russo & Quinn. The leadership team of Gardner Russo & Quinn includes Chief Compliance Officer Rodger Troupe. It has 47 employees, 8 of them in advisory roles.
Staff
- 47 employees
- 8 in advisory functions
- Owns 75% or more of Gardner Russo & Quinn LLC
Thomas Russo
Control person · since April 2014
- Owns 10% to 25% of Gardner Russo & Quinn LLC
Timothy Quinn
Control person · since April 2014
- Owns 5% to 10% of Gardner Russo & Quinn LLC
Christopher Russo
Control person · since March 2021
Gardner Russo & Quinn’s regulatory assets fell from $11.4B (March 2021) to $9.45B (March 2026); clients fell from 1,782 to 1,346 and employees were 47 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $9.45B | 1,346 | 47 | 1 |
| Mar 2025March 2025 | $9.05B | 1,419 | 50 | 1 |
| Apr 2024April 2024 | $10.1B | 1,579 | 50 | 1 |
| Mar 2023March 2023 | $9.25B | 1,607 | 51 | 1 |
| Mar 2022March 2022 | $11.9B | 1,680 | 51 | 1 |
| Mar 2021March 2021 | $11.4B | 1,782 | 46 | 1 |
Besides its headquarters, Gardner Russo & Quinn has 0 offices, with 1 listed address in 1 state.
Pennsylvania · 1 listed address
- 223 East Chestnut Street, LancasterHQ
Contact and registration details
- Legal name
- Gardner Russo & Quinn LLC
- Headquarters
- 223 East Chestnut Street, Lancaster, PA 17602
- Website
- Not reported
- Phone
- 717-299-1385
- @gardner-russo-quinn-llc
- SEC file
- 801-41357
- Structure
- Delaware LLC
- Fiscal year end
- December
Gardner Russo & Quinn’s named custodian for separately managed accounts is Pershing ($7.46B). Gardner Russo & Quinn has custody of $3.39B for 247 clients.
- PershingPershing LLC · Jersey City, NJ · $7.46B100%
At year end, Gardner Russo & Quinn’s separately managed accounts were mostly in stocks (99%). Its reported 13F holdings for the quarter ended 30 June 2026 total $8.93B across 85 positions; the largest are Alphabet Inc. CL C (12.1%), Berkshire Hathaway Inc. CL A (12.0%) and Philip Morris International In (9.2%).
What the accounts hold
- Stocks99%
- Exchange-traded equities93%
- Non-exchange-traded equities6%
- Cash1%
How many clients does Gardner Russo & Quinn have?
Gardner Russo & Quinn has 1,346 clients and manages $9.45 billion for them, as of March 2026. They include 1,012 high-net-worth individuals, 131 individual clients and 102 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Gardner Russo & Quinn offer?
Gardner Russo & Quinn provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Gardner Russo & Quinn use?
Gardner Russo & Quinn’s separately managed account assets are held at Pershing LLC (Jersey City, NJ), with $7.46B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Gardner Russo & Quinn have?
Gardner Russo & Quinn has 0 investment adviser representatives registered with state securities authorities, out of 47 employees, and 8 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 Gardner Russo & Quinn invest in?
At the end of its last fiscal year, Gardner Russo & Quinn’s separately managed accounts held 93% exchange-traded equities, 6% non-exchange-traded equities and 1% cash and equivalents. It advises 3 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Gardner Russo & Quinn?
Gardner Russo & Quinn’s direct owners are Thomas Russo (75% or more), Timothy Quinn (10% to 25%) and Christopher Russo (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Gardner Russo & Quinn get paid?
Gardner Russo & Quinn is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions 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 Gardner Russo & Quinn?
Gardner Russo & Quinn’s main office is at 223 East Chestnut Street, Lancaster, PA 17602. Its phone number is 717-299-1385.