Shepherd Kaplan Krochuk, LLC

CRD#127304
Investment Advisor Firm

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Learn more about Shepherd Kaplan Krochuk, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Shepherd Kaplan Krochuk, LLC is a financial advisory company headquartered in Boston, Massachusetts. The firm controls $7.9 billion in assets across 1,140 client accounts, making it one of the biggest firms in the country by assets under management (AUM). The company has a small group, including 17 financial advisors. Shepherd Kaplan Krochuk, LLC does not act as a registered broker-dealer, meaning the firm is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are exchangable fiscal investments like bonds, options and stocks.

    Shepherd Kaplan Krochuk, LLC manages 153 of its client assets in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make transaction decisions without needing to seek the client's authorization. Shepherd Kaplan Krochuk, LLC also has 987 non-discretionary accounts totaling $6.6 billion in AUM. The company's typical account size is $7.0 million. The typical advisor at Shepherd Kaplan Krochuk, LLC oversees around 67 client accounts, making it about average in terms of personalization.

    The firm's headquarters is located at 53 State Street, Boston, Massachusetts 02109-2820. Shepherd Kaplan Krochuk, LLC is legally permitted to serve investors throughout a few states, including California, Colorado, District of Columbia, Florida, Maryland, Massachusetts, New York, Pennsylvania, Texas and Virginia.

    Assets Under Management

    $7.9 billion

    Number of Advisors

    17

    Disclosures

    No

    Office Location

    53 State Street
    Boston, MA 02109-2820

    Shepherd Kaplan Krochuk, LLC by the Numbers

    Total Assets Under Management

    $7.9 billion

    National Average: $8.6 billion
    Total Number of Employees

    39

    National Average: 64
    Total Number of Accounts

    1,140

    National Average: 375,227
    Average Account Size

    $7.0 million

    National Average: $23.0 thousand
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    Products and Services

    Shepherd Kaplan Krochuk, LLC provides a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services and selection of other advisers. In the last fiscal year, it provided financial planning services to 101-250 of its accounts. It does sell products or offer services other than investment advice to its clients. Shepherd Kaplan Krochuk, LLC also has a number of financial industry affiliations, including with a broker-dealer or securities dealer and pension consultant.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial advisory fees largely are based on which service is provided. However, fees billed by the company can include the following fee structures: asset-based or performance-based. The company does not provide a wrap fee program, in which the firm offers a bundle of services for a single fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    Shepherd Kaplan Krochuk, LLC works with a number of different clients. The firm caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations and corporations. Out of its 1,140 customers, Shepherd Kaplan Krochuk, LLC's largest client group by number of accounts is high net worth investors, though it also serves 69 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are non-U.S. persons.

    • High-Net-Worth Individuals* - 41.07%
    • Other Individuals - 5.95%
    • Corporations - 39.29%
    • Charitable Organizations - 13.69%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Shepherd Kaplan Krochuk, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Shepherd Kaplan Krochuk, LLC

    David Kaplan
    Boston, MA
    David Shepherd
    Boston, MA

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