Shepherd Kaplan Llc
- Regulatory AUM
- $10.2B
- Discretionary
- $862M
- Clients
- —
- Avg AUM / client
- —
- Accounts
- 1,389
- Employees
- 42
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Asset allocation (SMA assets by investment type)
as of Mar 31, 2026Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Other investment advisers | Fewer than 5 clients | $10.2B | 100.0% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Cash Balance Pension Plan For Staff Employees Of Mount Holyoke College Mount Holyoke College | 2024 | |
| The American Law Institute Defined Contribution Retirement Plan The American Law Institute | 2024 | |
| American Commercial Barge Line Llc 401(k) Plan American Commercial Barge Line Llc | 2024 | |
| Zachry Corporation Employees 401(k) Plan Zachry Construction & Materials,Inc. | 2024 | |
| Kph Healthcare Services, Inc. Employee Stock Ownership And 401 K Plan Kph Healthcare Services, Inc. | 2024 |
People (20)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| David Charles Kaplan | Co Ceo | Aug 2003 (23y) | Less than 5% | |
| David Morris Shepherd | Co Ceo | Aug 2003 (23y) | ≈ 14.06% – 50% via Frog Holdings, Inc. | |
| Dilorenzo, Peter, John | Chief Operating Officer, Member, Non Voting Shares | Jan 2016 (11y) | Less than 5% | |
| Dodge, Bayard, Nmn | Chief Compliance Officer | Mar 2023 (3y) | Less than 5% | |
| Michael Anthony Halloran | Registered representative | Jul 2008 (18y) | ||
| Christopher Matthew Cole | Registered representative | CFP | Sep 2010 (16y) | |
| Sean Robert Flaherty | Registered representative | Jul 2012 (14y) | ||
| Shawn Charles Samperi | Registered representative | Nov 2013 (13y) | ||
| Eric Andrew Collea | Registered representative | May 2018 (8y) | ||
| Michael De Forest Howard Johnson | Registered representative | Jun 2018 (8y) | ||
| Richard William Blair | Registered representative | CFA | Dec 2018 (8y) | |
| Kevin Michael Flannery | Registered representative | Jun 2019 (7y) | ||
| David Evan Perlin | Registered representative | Mar 2020 (6y) | ||
| Jennifer Marie Charobee | Registered representative | Nov 2020 (6y) | ||
| Joseph A Armisto | Registered representative | CFP | Nov 2020 (6y) | |
| Paul Joseph Roberts | Registered representative | Jul 2021 (5y) | ||
| John Joseph Bosco | Registered representative | CFA | Aug 2021 (5y) | |
| John Henry Geringer | Registered representative | Jan 2025 (2y) | ||
| Madison Jane De Santis | Registered representative | May 2025 (1y) | ||
| Victoria Rubino | Registered representative | Jun 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Shepherd Kaplan Krochuk, Llc | Managing Member | Nov 2017 | A | 75% or more |
| Frog Holdings, Inc. | Member | Jan 2020 | B | ≈ 18.75% – 50% via Shepherd Kaplan Krochuk, Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- David Morris Shepherd: 75% – 100% of Frog Holdings, Inc. × 25% – 50% of Shepherd Kaplan Krochuk, Llc × 75% – 100% direct ≈ 14.06% – 50% of the firm
- Frog Holdings, Inc.: 25% – 50% of Shepherd Kaplan Krochuk, Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (5)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Cash Balance Pension Plan For Staff Employees Of Mount Holyoke College | Mount Holyoke College | 68 | $11.1M | 07/01/2024 |
| The American Law Institute Defined Contribution Retirement Plan | The American Law Institute | 55 | $40.9M | 01/01/2024 |
| American Commercial Barge Line Llc 401(k) Plan | American Commercial Barge Line Llc | 2,119 | $207M | 01/01/2024 |
| Zachry Corporation Employees 401(k) Plan | Zachry Construction & Materials,Inc. | 2,412 | $246M | 01/01/2024 |
| Kph Healthcare Services, Inc. Employee Stock Ownership And 401 K Plan | Kph Healthcare Services, Inc. | 3,886 | $778M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.81 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Other fees
- • A % OF REVENUE COLLECTED FOR SUB-ADVISORY SERVICES
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
Custody
Reported custodians
- Northern Trust $5.1B (50% of AUM) Mar 2026
- State Street $3.8B (44% of AUM) Mar 2024
- Principal Financial $985M (10% of AUM) Mar 2025
- Wells Fargo $925M (12% of AUM) Jan 2022
- Charles Schwab & Co. $649M (10% of AUM) Sep 2020
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗