Scharf Investments provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for institutions. Financial planning was provided to 101–250 clients last fiscal year.
Scharf Investments reports 1,395 clients. They include 1,314 high-net-worth individuals, 37 corporations and other businesses, and 18 charitable organizations. Of its assets, 63.3% ($2.67B across 1,386 accounts) are managed with discretion; $1.55B across 9 accounts are not. A wrap fee program the firm both sponsors and manages holds $1.55B. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 94% | 32% |
| Investment companies | <1% | 25% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | 1% | 1% |
| Other investment advisers | <1% | 37% |
| Other client typesCorporations and other businesses | 3% | 4% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 1,314 | $1.35B | 32.1% | $1.03M |
| Investment companies | 6 | $1.07B | 25.4% | $178M |
| Pension and profit-sharing plans | 11 | $26.4M | 0.6% | $2.4M |
| Charitable organizations | 18 | $62.1M | 1.5% | $3.45M |
| Other investment advisers | 9 | $1.55B | 36.7% | $172M |
| Corporations and other businesses | 37 | $155M | 3.7% | $4.18M |
| Total | 1,395 | $4.21B | 100% | $3.02M |
- Clients
- 1,314
- Regulatory AUM
- $1.35B
- AUM share
- 32.1%
- Avg. per client
- $1.03M
- Clients
- 6
- Regulatory AUM
- $1.07B
- AUM share
- 25.4%
- Avg. per client
- $178M
- Clients
- 11
- Regulatory AUM
- $26.4M
- AUM share
- 0.6%
- Avg. per client
- $2.4M
- Clients
- 18
- Regulatory AUM
- $62.1M
- AUM share
- 1.5%
- Avg. per client
- $3.45M
- Clients
- 9
- Regulatory AUM
- $1.55B
- AUM share
- 36.7%
- Avg. per client
- $172M
- Clients
- 37
- Regulatory AUM
- $155M
- AUM share
- 3.7%
- Avg. per client
- $4.18M
Total
- Clients
- 1,395
- Regulatory AUM
- $4.21B
- AUM share
- 100%
- Avg. per client
- $3.02M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Scharf Investments is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
K5 Capital Management, LLC owns 25% to 50% of Scharf Investments. The leadership team of Scharf Investments includes President Brian Krawez and Chief Compliance Officer Jason Marcus. It has 23 employees, 15 of them in advisory roles.
Leadership
- Brian KrawezPresident & Managing Member (Class A)
- Jason MarcusChief Compliance Officer
- Karen KrawezMember (Class A)
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
- Jordan Thomas Corey
- Thaddeus D Heggeness
- Evan C Jones
- Aaron Dahlgren Miller
- Marcus Alan Poteete
- Deborah Lynne Robinson
Staff
- 23 employees
- 15 in advisory functions
- 8 state-registered reps
- 1 soliciting firm
- Owns 25% to 50% of Scharf Investments, LLC
K5 Capital Management, LLC
Control person · since September 2017
- Owns 25% to 50% of Scharf Investments, LLC
IM Square Holding 5 LLC
since April 2019
- Owns 75% or more of IM Square Holding 5 LLC
IM Square Sas
Control person · since April 2019
- Owns 50% to 75% of IM Square Sas
Legendre Holding 36
Control person · since June 2015
- Owns 75% or more of Legendre Holding 36
Eurazeo Sa
Control person · since April 2014
- Owns 10% to 25% of Scharf Investments, LLC
Brian Krawez
Control person · since October 2010
- Owns 10% to 25% of Scharf Investments, LLC
Karen Krawez
Control person · since January 2019
Scharf Investments’ regulatory assets grew from $3.31B (May 2021) to $4.21B (March 2026); clients rose from 1,215 to 1,395 and employees were 23 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $4.21B | 1,395 | 23 | 2 |
| March 2025 | $4.23B | 1,523 | 23 | 2 |
| March 2024 | $4.54B | 1,603 | 23 | 2 |
| March 2023 | $3.84B | 1,522 | 25 | 2 |
| March 2022 | $3.98B | 1,435 | 22 | 2 |
| May 2021 | $3.31B | 1,215 | 22 | 2 |
Besides its headquarters, Scharf Investments has 1 office, with 2 listed addresses in California.
California · 2 listed addresses
- 16450 Los Gatos Boulevard, Suite 207, Los GatosHQ
- 2959 Park Avenue, Suite C, Soquel
Contact and registration details
- Legal name
- Scharf Investments, LLC
- Headquarters
- 16450 Los Gatos Boulevard, Suite 207, Los Gatos, CA 95032
- Website
- scharfinvestments.com
- Phone
- 831-429-6513
- @scharfinvestments
- SEC file
- 801-18799
- Structure
- Delaware LLC
- Fiscal year end
- December
Scharf Investments uses Charles Schwab ($1.05B, 40%), US Bank ($911M, 34%) and Raymond James ($202M, 8%), among others, as custodians for its separately managed accounts. Scharf Investments has custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.05B40%
- US BankUS Bank · Milwaukee, WI · $911M34%
- Raymond JamesRaymond James · St. Petersburg, FL · $202M8%
- FidelityFidelity Investments · Boston, MA · $123M5%
- Morgan StanleyMorgan Stanley · New York, NY · $109M4%
- OtherUBS, J.P. Morgan, Citi Private Bank, Caceis, State Street Bank10%
At year end, Scharf Investments’ separately managed accounts were mostly in stocks (90%). Its reported 13F holdings for the quarter ended 30 June 2026 total $3.03B across 79 positions; the largest are Advisors Ser TR (7.9%), Occidental Pete Corp. (5.1%) and Union Pac Corp. (4.9%).
What the accounts hold
- Stocks90%
- Bonds9%
- U.S. government and agency bonds5%
- State and local bonds3%
- Investment grade corporate bonds1%
- Cash1%
Reported 13F holdings
- $3.03B
- Reported 13F value
- 79
- Positions
- 45.0%
- In the 10 largest
- −6.7%
- Value vs. prior quarter
- Advisors Ser TR · Scharf ETF7.9%
- Occidental Pete Corp.5.1%
- Union Pac Corp.4.9%
- Advisors Ser TR · Scharf Global4.3%
- Markel Group Inc.3.9%
- Microsoft Corp.3.9%
- Amazon Com Inc.3.8%
- Visa Inc. · Com CL A3.8%
- Mckesson Corp.3.8%
- Brookfield Corp. · CL A Ltd VT SH3.6%
Together, the ten largest are 45.0% of reported value.
How many clients does Scharf Investments have?
Scharf Investments has 1,395 clients and manages $4.21 billion for them, as of March 2026. They include 1,314 high-net-worth individuals, 37 corporations and other businesses, and 18 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026
What services does Scharf Investments offer?
Scharf Investments provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, 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 Scharf Investments use?
Scharf Investments’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.05B, US Bank (Milwaukee, WI), with $911M, Raymond James (St. Petersburg, FL), with $202M, Fidelity Investments (Boston, MA), with $123M, Morgan Stanley (New York, NY), with $109M, Caceis (New York, NY), with $109M, JP Morgan (New York, NY), with $58.6M, State Street Bank (Boston, MA), with $48.9M, Citi Private Bank (New York, NY), with $24.8M and UBS (New York, NY), with $20.1M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026
How many financial advisors does Scharf Investments have?
Scharf Investments has 8 investment adviser representatives registered with state securities authorities, out of 23 employees, and 15 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 Scharf Investments invest in?
At the end of its last fiscal year, Scharf Investments’ separately managed accounts held 90% exchange-traded equities, 5% U.S. government and agency bonds, 3% state and local bonds, 1% investment grade corporate bonds and 1% 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 Scharf Investments?
Scharf Investments is owned through a chain of holding companies by Eurazeo Sa. Its direct owners are Brian Krawez, K5 Capital Management, LLC, Karen Krawez and IM Square Holding 5 LLC, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 24 March 2026
How does Scharf Investments get paid?
Scharf Investments is paid through a percentage of assets under management, fixed fees 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 Scharf Investments?
Scharf Investments’ main office is at 16450 Los Gatos Boulevard, Suite 207, Los Gatos, CA 95032. Its phone number is 831-429-6513. Its website is scharfinvestments.com.