A helicopter operated by the Virginia State Police crashed in a wooded area in Charlottesville, VA, at around 5pm local time while monitoring the protests, according to witnesses.
The incident happened just after 5 p.m. EST near a golf course just east of town. The cause of the crash is under investigation, police say.
Police said that no one on the ground was hurt or injured as a result of the crash.
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Sherman has spent much of his financial career in NY and has also lived in Naples, Florida. However, Sherman will be designated as the control person.
State Police have not said if the helicopter was involved in Saturday's rally in Charlottesville.
A photo on Twitter claimed to be taken at the scene shows a large fire amid the trees.
Two people were reported to be on board that aircraft when it crashed.
It's unclear if the crash was related to Saturday's violence, in which one person was killed after a silver Dodge Charger plowed into a crowd of counter protesters.