Shepherd Kaplan Krochuk, LLC
Registered investment adviser · Boston, MA · CRD #127304
Form ADV data as of 2026-09-01Regulatory assets
$10.88 billion
Total accounts
1,405
Employees
34
Disclosure events
1
Firm details
- Website: https://www.linkedin.com/company/shepherd-kaplan-llc/
- Telephone: 617-896-1600
- SEC file number: 801-62286
- Most recent Form ADV filing: 2026-03-31
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm reports 1 disclosure question answered Yes, covering 1 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.
- Another regulator entered an order in connection with investment-related activity (past 10 years)
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $2.06 billion |
| Non-discretionary regulatory assets under management | $8.83 billion |
| Total regulatory assets under management | $10.88 billion |
| Discretionary accounts | 131 |
| Non-discretionary accounts | 1,274 |
| Total accounts | 1,405 |
| Regulatory assets under management attributable to non-U.S. persons | $0 |
People
| Total employees (excluding clerical) | 34 |
| Employees performing investment advisory functions (including research) | 15 |
| Employees who are registered representatives of a broker-dealer | 0 |
| Employees registered as investment adviser representatives with a state | 8 |
| Employees registered as IARs for another investment adviser | 8 |
| Employees who are licensed insurance agents | 0 |
| Firms or persons who solicit advisory clients on the firm's behalf | 1 |
Custody
| Has custody of client cash or bank accounts | No |
| Has custody of client securities | No |
| Client funds and securities held in the firm's custody | $0 |
| Clients for whom the firm has custody | 0 |
| A related person has custody of client cash or bank accounts | Yes |
| A related person has custody of client securities | Yes |
| Client funds and securities held in a related person's custody | $2.07 billion |
| Clients for whom a related person has custody | 105 |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | No |
| Number of persons acting as qualified custodians for the firm's clients | 40 |
How the firm is compensated
Advisory services offered
Other business activities
Affiliated related persons
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys securities from or sells securities to advisory clients (principal transactions)
- Buys or sells for itself securities it also recommends to clients
- Recommends securities in which it has another proprietary interest
- Recommends securities for which it serves as underwriter or general partner
- Recommends securities in which it has another sales interest
- Recommends brokers or dealers to clients
- Receives soft dollar benefits
- Compensates a non-employee for client referrals
- Provides employee compensation specifically for obtaining clients
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Individuals (other than high net worth individuals) | 6 | $1.8 million |
| High net worth individuals | 83 | $1.57 billion |
| Pooled investment vehicles (other than investment companies and BDCs) | 16 | $1.19 billion |
| Pension and profit sharing plans (not the participants or government plans) | 18 | $7.39 billion |
| Charitable organizations | 22 | $183.5 million |
| Corporations or other businesses not listed above | 68 | $546.2 million |