# Shepherd Financial Investment Advisory LLC

> 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.

- CRD: 288623
- Filed as: SHEPHERD FINANCIAL INVESTMENT ADVISORY LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Carmel, IN
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/288623
- AdvisorCensus page: https://advisorcensus.com/firm/shepherd-financial-investment-advisory-llc-carmel-in-288623

## Quick answers

**How is Shepherd Financial Investment Advisory LLC compensated?**
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).

**Where is Shepherd Financial Investment Advisory LLC located?**
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).

**Is Shepherd Financial Investment Advisory LLC registered with the SEC or a state?**
Shepherd Financial Investment Advisory LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 288623.

**How much does Shepherd Financial Investment Advisory LLC manage?**
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).

**How have Shepherd Financial Investment Advisory LLC's assets and staff changed since 2021?**
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.

**What types of clients does Shepherd Financial Investment Advisory LLC serve?**
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).

**Which custodians does Shepherd Financial Investment Advisory LLC use?**
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.

**Does Shepherd Financial Investment Advisory LLC report any disciplinary disclosures?**
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

**Does Shepherd Financial Investment Advisory LLC state an account minimum?**
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."

**What changed in Shepherd Financial Investment Advisory LLC's recent Form ADV filings?**
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.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: None

> We do not require a minimum account size, but may impose a minimum annual fee.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- SEI Investments Distribution Co.

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.

### Regulatory assets under management (Item 5.F)
- Total: $6,177,640,329
- Discretionary: $1,622,639,160
- Non-discretionary: $4,555,001,169

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 705 | $148,843,855 |
| High net worth individuals | 203 | $465,076,595 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 336 | $5,563,719,879 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services

### Firm details
- Registered since: 2017 (8 years)
- Employees: 45 total, 31 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, CA, DE, FL, IL, IN, KS, KY, MD, MI, NC, OH, PA, SC, TN, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Columbus, OH
- Greenville, DE
- Louisville, KY
- Myrtle Beach, SC
- New Albany, IN
- Sarasota, FL

### Websites listed on Form ADV (Item 1.I)
- [shepherdfin.com](https://shepherdfin.com)
- Facebook @shepfin401k
- LinkedIn @shepherdfinancial
- YouTube @shepherdfinancial4352

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,797,176,961 | 26 | June 14, 2021 |
| October 2022 | $3,484,956,576 | 29 | March 29, 2022 |
| October 2023 | $3,184,317,975 | 29 | March 31, 2023 |
| October 2024 | $4,016,943,044 | 35 | September 11, 2024 |
| October 2025 | $4,946,760,100 | 42 | March 3, 2025 |
| October 2026 | $6,177,640,329 | 45 | March 31, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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.

### December 2025
- Employees performing advisory functions went from 24 to 26.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Shepherd Financial Investment Advisory LLC (CRD 288623): Form ADV filing data as of October 2026.