{"url":"https://nivawealth.com/firms/shepherd-kaplan-krochuk-127304","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/127304","regulatoryAum":10884215665,"crd":"127304","secFileNumber":"801-62286","legalName":"Shepherd Kaplan Krochuk, LLC","displayName":"Shepherd Kaplan Krochuk","website":null,"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"53 State Street, 23rd Floor","city":"Boston","state":"MA","stateName":"Massachusetts","country":"United States","postalCode":"02109-2820"},"tradeNames":[],"registration":{"secApproved":"20 August 2003","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":34,"advisory":15,"brokerDealerReps":0,"insuranceAgents":0,"promoters":1},"aum":{"discretionary":2055637219,"discretionaryAccounts":131,"nonDiscretionary":8828578446,"nonDiscretionaryAccounts":1274,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":6,"regulatoryAum":1751959},{"label":"High-net-worth individuals","clients":83,"regulatoryAum":1571253477},{"label":"Pooled investment vehicles","clients":16,"regulatoryAum":1193390038},{"label":"Pension and profit-sharing plans","clients":18,"regulatoryAum":7388087900},{"label":"Charitable organizations","clients":22,"regulatoryAum":183494598},{"label":"Corporations and other businesses","clients":68,"regulatoryAum":546237693}],"fees":[],"feeNotes":[],"custodians":[{"name":"Northern Trust Securities, Inc.","shortName":"Northern Trust Securities","location":"Boston, MA","smaAssets":5074861212}],"custodyNote":"Shepherd Kaplan Krochuk has custody of client assets.","otherCustodians":[],"leadership":[{"name":"Stephen Brackett","title":"Management Board, President","crd":"1547014"},{"name":"Peter Dilorenzo","title":"Chief Operating Officer; Chief Information Security Officer","crd":"6842439"},{"name":"Bayard Dodge","title":"Chief Compliance Officer","crd":"6067641"},{"name":"Timothy Krochuk","title":"Management Board","crd":"4687553"},{"name":"David Kaplan","title":"Management Board","crd":"2307318"},{"name":"David Shepherd","title":"Management Board","crd":"2284051"},{"name":"Brian Lockhart","title":"Management Board","crd":"2508255"}],"ownership":[{"label":"Timothy Krochuk","detail":"Management board in the 10% to 25% ownership band and a control person, since June 2001. Also a president of Iaft Holdings, Inc. in the 75% or more band and a control person, since January 2020."},{"label":"David Kaplan","detail":"Management board in the 10% to 25% ownership band and a control person, since November 2017. Also a president of Gemini Holdings, Inc. in the 75% or more band and a control person, since January 2020."},{"label":"David Shepherd","detail":"Management board in the 25% to 50% ownership band and a control person, since November 2017. Also a president of Frog Holdings, Inc. in the 75% or more band and a control person, since January 2020."},{"label":"Stephen Brackett","detail":"Management board, president in the 10% to 25% ownership band and a control person, since August 2019. Also a president of Brackett Holdings, Inc. in the 75% or more band and a control person, since January 2020."},{"label":"Brian Lockhart","detail":"Management board in the 10% to 25% ownership band and a control person, since February 2020. Also a member of Venture Capital Consulting LLC in the 75% or more band and a control person, since February 2020."},{"label":"Frog Holdings, Inc.","detail":"Member in the 25% to 50% ownership band and a control person, since January 2020."},{"label":"Gemini Holdings, Inc.","detail":"Member in the 10% to 25% ownership band, since January 2020."},{"label":"Iaft Holdings, Inc.","detail":"Member in the 10% to 25% ownership band, since January 2020."},{"label":"Brackett Holdings, Inc.","detail":"Member in the 10% to 25% ownership band, since January 2020."},{"label":"Venture Capital Consulting LLC","detail":"Member in the 10% to 25% ownership band, since February 2020."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"Massachusetts","offices":1,"addresses":[{"street":"53 State Street, 23rd Floor","city":"Boston","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"617-896-1600","stateRegisteredReps":8,"otherAdviserReps":8,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":9},{"label":"Non-exchange-traded equity securities","percent":3},{"label":"U.S. government/agency bonds","percent":1},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":68},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":11},{"label":"Cash and cash equivalents","percent":6}],"privateFunds":58},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/127304/PDF/127304.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Shepherd Kaplan Krochuk have?","answer":"Shepherd Kaplan Krochuk has 213 clients and manages $10.9 billion for them, as of March 2026. They include 83 high-net-worth individuals, 68 corporations and other businesses and 22 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Shepherd Kaplan Krochuk offer?","answer":"Shepherd Kaplan Krochuk provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Shepherd Kaplan Krochuk use?","answer":"Shepherd Kaplan Krochuk’s separately managed account assets are held at Northern Trust Securities, Inc. (Boston, MA), with $5,074,861,212. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Shepherd Kaplan Krochuk have?","answer":"Shepherd Kaplan Krochuk has 8 investment adviser representatives registered with state securities authorities, out of 34 employees, and 15 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Shepherd Kaplan Krochuk invest in?","answer":"At the end of its last fiscal year, Shepherd Kaplan Krochuk’s separately managed accounts held 68% registered funds (mutual funds, ETFs, BDCs), 11% pooled vehicles (private funds and similar), 9% exchange-traded equities, 6% cash and equivalents, 3% non-exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds and 1% investment grade corporate bonds. It advises 58 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Shepherd Kaplan Krochuk?","answer":"Shepherd Kaplan Krochuk’s direct owners are Timothy Krochuk, David Kaplan, David Shepherd, Stephen Brackett, Brian Lockhart, Frog Holdings, Inc., Gemini Holdings, Inc., Iaft Holdings, Inc., Brackett Holdings, Inc. and Venture Capital Consulting LLC, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Shepherd Kaplan Krochuk get paid?","answer":"Shepherd Kaplan Krochuk is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/shepherd-kaplan-krochuk-127304/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1218583/000091957426005448/0000919574-26-005448-index.html","totalValue":125864799,"positionCount":62,"top10Share":0.5066590778888067,"top10":[{"issuer":"VANGUARD INDEX FDS","titleOfClass":"TOTAL STK MKT","cusip":"922908769","value":12520691,"shares":33836,"shareType":"SH","priorValue":10934310,"priorShares":34083},{"issuer":"APPLE INC","titleOfClass":"COM","cusip":"037833100","value":8801912,"shares":30419,"shareType":"SH","priorValue":7719338,"priorShares":30416},{"issuer":"ISHARES TR","titleOfClass":"MSCI USA MIN 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Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}