Shepherd Kaplan Krochuk, LLC (Boston)

Name: Shepherd Kaplan Krochuk, LLC
Address: 125 Summer St., Boston, MA, 02110
Telephone: 617-896-1600

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.

Shepherd Kaplan Krochuk: assets under management

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 firm manages $964.64 million in discretionary accounts and $5.11 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.36 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.3 million.

Investments

The firm invests in investment and business development companies the most. They account for 73% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

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.

What kind of clients Stephen Michael Brackett serves?

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.

Careers at Shepherd Kaplan Krochuk, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Timothy Adam Krochuk	Managing member; chief compliance officer	1 Jun 2001	25% - 50%	4687553
Darman Ander Wing	General counsel	1 May 2004	Other	1859316
Peter John Dilorenzo	Chief of staff; chief information security officer	1 Jan 2016	Other	6842439
David Charles Kaplan	Managing member	1 Nov 2017	25% - 50%	2307318
David Morris Shepherd	Managing member	1 Nov 2017	25% - 50%	2284051
Jonathan Thomas Perry	Chief financial officer	1 Nov 2017	Other	6927112
Sebastian Granzo	Chief compliance officer	1 Apr 2018	Other	6775816
Stephen Michael Brackett	President	1 Aug 2019	Other	1547014

Based in Boston

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.