Asset manager · Cobleskill, NY
Fenimore Asset Management, Inc.
SEC-registered investment adviser · CRD 110946 · SEC 801-10429
At a glance
Fenimore Asset Management, Inc. is an SEC-registered investment adviser based in Cobleskill, New York, with $5.4 billion in regulatory assets under management as of its Form ADV filed January 2, 2026. Its largest client group by assets is investment companies, and it reports 576 individual clients. By Form ADV it is a asset manager, ranked 672nd of 3,218 asset managers and 1,988th of 17,210 SEC-registered advisers by assets.
Main office 518-234-4393fenimoreasset.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $5.4B
- Rank among asset managers
- #672 of 3,218
- Rank among all SEC RIAs
- #1,988 of 17,210
- Rank in New York
- #513 of 2,591
- Individual clients
- 576
- High-net-worth clients
- 399
- Accounts
- 1,192
- Discretionary
- 100% of AUM
- Employees
- 43
- Advisory staff
- 23
- Offices
- 2
Owners and executives on its Form ADV
- Thomas O. PutnamExecutive Chairman, Director
- Patricia A. PutnamVice President, Director
- Michael F. BalboaChief Financial Officer/treasurer/secretary
- Anne B. PutnamChief Executive Officer
- Christian A. SnyderPresident & Chief Compliance Officer
- Paul C. HoganPortfolio Manager
Custody and brokerage
Broker-dealer
Hybrid RIA
Fenimore Asset Management, Inc. is a hybrid RIA: 24 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Fenimore Securities, Inc..
- Fenimore Securities, Inc. ↗CRD 104391
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, November 2025
Its Form ADV brochure (filed January 2026) names Fenimore Securities as the broker-dealer its advisers are registered with.
Certain Fenimore Investment Advi ser Representatives (“IAR”) are registered representatives of the broker-dealer, FSI.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Investment companies | 3 | $3.0B | 55% |
| High-net-worth individuals | 399 | $1.6B | 29% |
| Charitable organizations | 68 | $283M | 5% |
| Pension and profit sharing plans | 20 | $259M | 5% |
| Corporations or other businesses | 13 | $123M | 2% |
| Individuals | 177 | $110M | 2% |
| Pooled investment vehicles | 1 | $48M | <1% |
| Insurance companies | 1 | $38M | <1% |
Private funds
Fenimore Asset Management, Inc. reports 1 private funds with $48M in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Fenimore Asset Management, Inc. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Pension consulting
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗fenimoreasset.com ↗
AtlasMembers
The full record on Fenimore Asset Management, Inc.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 686 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Fenimore Asset Management, Inc. manage?
Fenimore Asset Management, Inc. reports $5.4 billion in regulatory assets under management across 1,192 accounts, 100% of it on a discretionary basis, on its Form ADV filed January 2, 2026.
What kind of firm is Fenimore Asset Management, Inc.?
Fenimore Asset Management, Inc. is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Fenimore Asset Management, Inc.’s clients?
By assets, its largest client types are investment companies ($3.0 billion, 3 clients); high-net-worth individuals ($1.6 billion, 399 clients); charitable organizations ($283 million, 68 clients).
Does Fenimore Asset Management, Inc. manage private funds?
Yes. It reports 1 private funds with $48 million in gross assets, including hedge funds.
Does Fenimore Asset Management, Inc. have any disciplinary history?
Fenimore Asset Management, Inc. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Fenimore Asset Management, Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-01-02), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →