Shepherd Kaplan Krochuk, LLC is a large advisory firm based in Boston. It manages $6.08 billion of regulatory assets for 1,369 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Florida, Maryland, and 5 other states.
Shepherd Kaplan Krochuk provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Shepherd Kaplan Krochuk, LLC is $6.08 billion. The firm's AUM has grown by 2774% since the beginning of its operation, and $14.29 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Shepherd Kaplan Krochuk, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Stephen Michael Brackett is pension and profit sharing plans with 17 clients and $4.32 billion of assets under management. Among the 10 most similar advisory firms, Shepherd Kaplan Krochuk has the highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $6.08 billion for 114 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Shepherd Kaplan Krochuk also advises several private funds. Namely, three hedge funds, one real estate fund, one other private fund, one private equity fund, and nine venture capital funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.
The company employs 37 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Stephen Michael Brackett has been acting as President since 1 Aug 2019. Sebastian Granzo joined the executive team most recently as the Chief Compliance Officer.
The principal office where Shepherd Kaplan Krochuk, LLC performs its advisory services is located at 125 Summer St., Boston, MA 02110, which is also the mailing address of the firm. An additional office of the firm is in San Antonio, TX. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 617-896-1600 or by fax 617-896-1650. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at grtcapital.com and its LinkedIn profile.