Gardner Russo & Quinn LLC
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Overview
Gardner Russo & Quinn LLC is a financial advisor company headquartered in Lancaster, Pennsylvania. Gardner Russo & Quinn LLC oversees $9.2 billion in assets under management over 1,607 client accounts, placing it among the biggest firms in the country by assets under management (AUM). The company has an average-sized group, including 9 financial advisors. Gardner Russo & Quinn LLC is not a registered broker-dealer, meaning it is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable financial assets like options, bonds and stocks.
Gardner Russo & Quinn LLC manages all of the company's accounts in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make transaction choices without needing to seek client consent. The company's average account size is $5.8 million. An average advisor at Gardner Russo & Quinn LLC oversees around 179 client accounts.
The company's main office is located at 223 East Chestnut Street, Lancaster, Pennsylvania 17602. The firm is legally allowed to serve customers throughout 49 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Gardner Russo & Quinn LLC by the Numbers
$9.2 billion
51
1,607
$5.8 million
Fee Structure
Financial management fees usually vary depending on the services offered. However, fees billed by the company can be comprised of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company works with a broad range of investors. The firm provides services to retail investors, high net worth investors, pooled investment vehicles, pension plans, charitable organizations, corporations and other. Out of its 1,607 customers, Gardner Russo & Quinn LLC's biggest client type by number of accounts is high net worth investors, though it also caters to 1,148 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 3% of its customers reside abroad.
- High-Net-Worth Individuals* - 71.44%
- Other Individuals - 7.22%
- Corporations - 13.25%
- Charitable Organizations - 8.09%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Gardner Russo & Quinn LLC does not have any disclosures.
Please visit its Form ADV for more details.
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