{ "crd_number": 288623, "slug": "shepherd-financial-investment-advisory-llc-carmel-in-288623", "primary_business_name": "SHEPHERD FINANCIAL INVESTMENT ADVISORY LLC", "legal_name": "SHEPHERD FINANCIAL INVESTMENT ADVISORY LLC", "dbas": [], "city": "Carmel", "state": "IN", "country": "United States", "cbsa_code": "26900", "metro": { "cbsa_code": "26900", "common_name": "Indianapolis", "msa_name": "Indianapolis-Carmel-Greenwood, IN", "path": "/advisors/in/indianapolis" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2017-11-14", "years_registered": 8, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 6177640329.0, "raum_discretionary": 1622639160.0, "raum_non_discretionary": 4555001169.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 45, "advisory_employees": 31, "client_count_bucket": null, "clients_by_type": { "individuals": { "raum": 148843855.0, "count": 705 }, "pension_profit_sharing": { "raum": 5563719879.0, "count": 336 }, "high_net_worth_individuals": { "raum": 465076595.0, "count": 203 } }, "compensation_types": [ "fixed", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "pension_consulting", "portfolio_management_individuals" ], "wrap_fee_participant": true, "disclosure_yes_count": 0, "states_registered": [ "AZ", "CA", "DE", "FL", "IL", "IN", "KS", "KY", "MD", "MI", "NC", "OH", "PA", "SC", "TN", "TX", "VA" ], "websites": [ "https://facebook.com/shepfin401k", "https://linkedin.com/company/shepherdfinancial", "https://shepherdfin.com", "https://youtube.com/@shepherdfinancial4352" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/288623", "city_as_filed": "CARMEL", "url": "https://advisorcensus.com/firm/shepherd-financial-investment-advisory-llc-carmel-in-288623", "display_name": "Shepherd Financial Investment Advisory LLC", "summary": "Shepherd Financial Investment Advisory LLC is an SEC-registered investment advisory firm in Carmel, IN, registered since 2017, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. Shepherd Financial Investment Advisory LLC (CRD 288623): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Pension consulting services" ], "quick_answers": [ { "q": "How is Shepherd Financial Investment Advisory LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Shepherd Financial Investment Advisory LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)." }, { "q": "Where is Shepherd Financial Investment Advisory LLC located?", "a": "Shepherd Financial Investment Advisory LLC's principal office is in Carmel, IN, according to its Form ADV; the April 2026 filing also lists 6 other offices (Schedule D, Section 1.F)." }, { "q": "Is Shepherd Financial Investment Advisory LLC registered with the SEC or a state?", "a": "Shepherd Financial Investment Advisory LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 288623." }, { "q": "How much does Shepherd Financial Investment Advisory LLC manage?", "a": "Shepherd Financial Investment Advisory LLC reports $6,177,640,329 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (26% discretionary)." }, { "q": "How have Shepherd Financial Investment Advisory LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Shepherd Financial Investment Advisory LLC: Regulatory assets under management: $2,797,176,961 in the October 2021 data and $6,177,640,329 in the October 2026 data, up 121%. Total employees: 26 in October 2021 and 45 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Shepherd Financial Investment Advisory LLC serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (705); pension and profit sharing plans (but not the plan participants or government pension plans) (336); high net worth individuals (203)." }, { "q": "Which custodians does Shepherd Financial Investment Advisory LLC use?", "a": "Shepherd Financial Investment Advisory LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists SEI Investments Distribution Co. as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Shepherd Financial Investment Advisory LLC report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/288623" }, { "q": "Does Shepherd Financial Investment Advisory LLC state an account minimum?", "a": "Its Form ADV Part 2A brochure dated March 31, 2026 says: \"We do not require a minimum account size, but may impose a minimum annual fee.\"" }, { "q": "What changed in Shepherd Financial Investment Advisory LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 26 to 31. Regulatory assets under management went from $4,946,760,100 to $6,177,640,329 (+25%). Changed its office addresses in Columbus, OH. Added an office in Greenville, DE. Added an office in Sarasota, FL. No longer lists an office in Wilmington, DE. Registered or notice-filed in CA, VA." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 2797176961.0, "total_employees": 26, "filing_date": "2021-06-14" }, { "period": "2022-10-01", "regulatory_assets_under_management": 3484956576.0, "total_employees": 29, "filing_date": "2022-03-29" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3184317975.0, "total_employees": 29, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 4016943044.0, "total_employees": 35, "filing_date": "2024-09-11" }, { "period": "2025-10-01", "regulatory_assets_under_management": 4946760100.0, "total_employees": 42, "filing_date": "2025-03-03" }, { "period": "2026-10-01", "regulatory_assets_under_management": 6177640329.0, "total_employees": 45, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 26 to 31.", "Regulatory assets under management went from $4,946,760,100 to $6,177,640,329 (+25%).", "Changed its office addresses in Columbus, OH.", "Added an office in Greenville, DE.", "Added an office in Sarasota, FL.", "No longer lists an office in Wilmington, DE.", "Registered or notice-filed in CA, VA." ] }, { "period": "2025-12-01", "period_label": "December 2025", "notes": [ "Employees performing advisory functions went from 24 to 26." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 31, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "None", "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: None" ], "quotes": [ "We do not require a minimum account size, but may impose a minimum annual fee." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": null, "account_minimum": 0.0, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "We do not require a minimum account size, but may impose a minimum annual fee." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "SEI Investments Distribution Co.", "name_as_filed": "SEI INVESTMENTS DISTRIBUTION CO.", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/shepherd-financial-investment-advisory-llc-carmel-in-288623.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 705, "fewer_than_5": false, "raum": 148843855.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 203, "fewer_than_5": false, "raum": 465076595.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 336, "fewer_than_5": false, "raum": 5563719879.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/288623", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }