Carl P. Sherr & Co., LLC
Assets Under Management
$450.5M
Number of Clients
296
Number of Advisors
3
Average Client AUM
$1.5M
AUM per Advisor
$150.2M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Carl P. Sherr & Co., LLC provides investment management and financial planning services to individuals, families, and small businesses. They create customized portfolios based on client's goals, risk tolerance, and time horizon. Financial planning covers retirement, education, estate, and insurance needs.
Fee Structure
Investment management fees range from 0.50% to 1.50% of assets under management. A minimum of $500,000 in assets is required, but this may be negotiable. Financial planning is offered for a flat annual fee of $5,000 or an hourly rate of $300. The hourly engagement is available only to existing planning relationships with an initial engagement prior to October 1, 2019. For new planning clients, there is an initial deposit of $2500 and then a second installment of $2500 when the work is complete. If annual investment advisory revenue is greater than $5,000, clients are not charged separately for financial planning (after year 1).
Areas of Practice
Location
446 Main Street, Worcester, MA, 01608