{
  "crd_number": 127304,
  "slug": "shepherd-kaplan-krochuk-llc-boston-ma-127304",
  "primary_business_name": "SHEPHERD KAPLAN KROCHUK, LLC",
  "legal_name": "SHEPHERD KAPLAN KROCHUK, LLC",
  "dbas": [],
  "city": "Boston",
  "state": "MA",
  "country": "United States",
  "cbsa_code": "14460",
  "metro": {
    "cbsa_code": "14460",
    "common_name": "Boston",
    "msa_name": "Boston-Cambridge-Newton, MA-NH",
    "path": "/advisors/ma/boston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2003-08-20",
  "years_registered": 23,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 10884215665.0,
  "raum_discretionary": 2055637219.0,
  "raum_non_discretionary": 8828578446.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 34,
  "advisory_employees": 15,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 183494598.0,
      "count": 22
    },
    "individuals": {
      "raum": 1751959.0,
      "count": 6
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 7388087900.0,
      "count": 18
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 1571253477.0,
      "count": 83
    },
    "pooled_investment_vehicles": {
      "raum": 1193390038.0,
      "count": 16
    },
    "corporations_other_businesses": {
      "raum": 546237693.0,
      "count": 68
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "CA",
    "CO",
    "DC",
    "FL",
    "MA",
    "MD",
    "NY",
    "PA",
    "TX",
    "VA"
  ],
  "websites": [
    "https://linkedin.com/company/shepherd-kaplan-krochuk",
    "https://linkedin.com/company/shepherd-kaplan-llc",
    "https://sk-llc.com",
    "https://skk-llc.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/127304",
  "disclosure_items": [
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    }
  ],
  "city_as_filed": "BOSTON",
  "url": "https://advisorcensus.com/firm/shepherd-kaplan-krochuk-llc-boston-ma-127304",
  "display_name": "Shepherd Kaplan Krochuk, LLC",
  "summary": "Shepherd Kaplan Krochuk, LLC is an SEC-registered investment advisory firm in Boston, MA, registered since 2003, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Shepherd Kaplan Krochuk, LLC (CRD 127304): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Shepherd Kaplan Krochuk, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Shepherd Kaplan Krochuk, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Shepherd Kaplan Krochuk, LLC located?",
      "a": "Shepherd Kaplan Krochuk, LLC's principal office is in Boston, MA, according to its Form ADV."
    },
    {
      "q": "Is Shepherd Kaplan Krochuk, LLC registered with the SEC or a state?",
      "a": "Shepherd Kaplan Krochuk, LLC is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 127304."
    },
    {
      "q": "How much does Shepherd Kaplan Krochuk, LLC manage?",
      "a": "Shepherd Kaplan Krochuk, LLC reports $10,884,215,665 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (19% discretionary)."
    },
    {
      "q": "How have Shepherd Kaplan Krochuk, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Shepherd Kaplan Krochuk, LLC: Regulatory assets under management: $7,751,272,639 in the October 2021 data and $10,884,215,665 in the October 2026 data, up 40%. Total employees: 48 in October 2021 and 34 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Shepherd Kaplan Krochuk, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (83); corporations or other businesses not listed above (68); charitable organizations (22)."
    },
    {
      "q": "Which custodians does Shepherd Kaplan Krochuk, LLC use?",
      "a": "Shepherd Kaplan Krochuk, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Northern Trust Securities, Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Shepherd Kaplan Krochuk, LLC report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/127304"
    },
    {
      "q": "What changed in Shepherd Kaplan Krochuk, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 17 to 15. Regulatory assets under management went from $9,736,764,899 to $10,884,215,665 (+12%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 7751272639.0,
      "total_employees": 48,
      "filing_date": "2021-09-22"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 8849112173.0,
      "total_employees": 48,
      "filing_date": "2022-07-12"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 7940705233.0,
      "total_employees": 39,
      "filing_date": "2023-05-04"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 8905692748.0,
      "total_employees": 38,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 9736764899.0,
      "total_employees": 40,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 10884215665.0,
      "total_employees": 34,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 17 to 15.",
        "Regulatory assets under management went from $9,736,764,899 to $10,884,215,665 (+12%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Northern Trust Securities, Inc.",
      "name_as_filed": "NORTHERN TRUST SECURITIES, INC.",
      "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-kaplan-krochuk-llc-boston-ma-127304.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 6,
      "fewer_than_5": false,
      "raum": 1751959.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 83,
      "fewer_than_5": false,
      "raum": 1571253477.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 16,
      "fewer_than_5": false,
      "raum": 1193390038.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 18,
      "fewer_than_5": false,
      "raum": 7388087900.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 22,
      "fewer_than_5": false,
      "raum": 183494598.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 68,
      "fewer_than_5": false,
      "raum": 546237693.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "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/127304",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}