DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Shepherd Kaplan LLC

Asset manager (funds and pooled vehicles)Boston, MassachusettsCRD 128244SEC 801-62349websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Mar 30, 2012 · 28 filings
SEC status approved since Oct 20, 2003
RAUM
$10B
reported, Item 5.F
Discretionary
8.5%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
18
registered through the firm on IAPD
RAUM per advisor
$564M
derived; firm RAUM over IAPD count
Employees
42
24 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
28 filings and snapshots on the tape
RAUM$10B as of Mar 31, 2026
Mar 30, 2012$7.7B then
HNW client RAUM: no history
State-registered IARs (5.B.3)19 as of Mar 31, 2026
Apr 1, 201320 then
Employees (5.A)42 as of Mar 31, 2026
Apr 1, 201345 then
Private funds: no history
RAUM +8.1% over the last fiscal year+10% a year over threeIARs 19 to 19
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
RAUM per advisor
$564MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$7.3MderivedRAUM over accounts (5.F.2.f)
Discretionary
8.5%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.3derivedItem 5.A over advisors
Advisors per office
18.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+8.1%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
Custody
$881M, 1 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Other investment advisers$10B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1,389reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
$881M for 1 clientsreported
Compensation
n/areported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=0.0derived
Advisors registered through the firm
16 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Michael Anthony HalloranBoston, Ma Jul 14, 200819 y0
Christopher Matthew ColeCertified Financial PlannerBoston, MaSep 21, 201019 y0
Sean Robert FlahertyBoston, MaJul 19, 201214 y0
Shawn Charles SamperiBoston, Ma Nov 14, 201337 y1
Eric Andrew ColleaBoston, MaMay 7, 201810 y0
Michael Deforest Howard-JohnsonBoston, MaJun 29, 201810 y1
Richard William BlairChartered Financial AnalystBoston, MaDec 11, 201814 y0
Kevin Michael FlanneryBoston, MaJun 12, 201910 y0
David Evan PerlinBoston, Ma Mar 12, 202019 y1
Jennifer Marie CharobeeOakland Park, Fl Nov 9, 202012 y2
Joseph A ArmistoCertified Financial PlannerBoston, Ma Nov 17, 202014 y1
Paul Joseph RobertsBoston, MaJul 21, 202125 y2
John Joseph BoscoChartered Financial AnalystBoston, MaAug 31, 202111 y1
John Henry GeringerBoston, Ma Jan 1, 202525 y1
Madison Jane DesantisBoston, MaMay 7, 202513 y0
Victoria RubinoBoston, MaJun 15, 202612 y1
Advisor movement
1 left, 1 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 5.6% of current headcount1 left over 36 months
Left, latest
Joined, latest
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • John Peter Dilorenzo · Chief Operating Officer, Member, Non-Voting Sharescontrol
    since 01/2016 · owns less than 5%
  • Nmn Bayard Dodge · Chief Compliance Officercontrol
    since 03/2023 · owns less than 5%
  • Charles David Kaplan · Co-Ceocontrol
    since 08/2003 · owns less than 5%
  • Morris David Shepherd · Co-Ceocontrol
    since 08/2003 · owns less than 5%
  • Morris David Shepherd · Presidentcontrol
    since 01/2020 · owns 75% or more of Frog Holdings, Inc.
Entity owners
  • Shepherd Kaplan Krochuk, LLC · Managing Member
    direct · owns 75% or more
  • Frog Holdings, Inc. · Member
    indirect · owns 25% to 50% of Shepherd Kaplan Krochuk, LLC
Related persons
Schedule D 7.A
  • Kairos Skk Envirokure Gp, LLC
    pooled vehicle sponsorn
  • Pcf Capital Markets LLC
    broker-dealern
  • Peak Capital Management, LLC
    investment advisernRAUM $165M
  • Shepherd Kaplan Krochuk, LLC
    investment adviseryRAUM $11B
  • Skk 9i Ventures Manager, LLC
    pooled vehicle sponsorn
  • Skk 9i Ventures Qp Manager, LLC
    pooled vehicle sponsorn
  • Skk Group, LLC
    pooled vehicle sponsorn
  • Skk Industrial Gp, LLC
    pooled vehicle sponsorn
  • Skk Opportunity Zone Fund II Gp, LLC
    pooled vehicle sponsorn
  • Skk Opportunity Zone Manager I, LLC
    pooled vehicle sponsorn
  • Skk Provident Investors Gp, LLC
    pooled vehicle sponsorn
  • Skk Real Estate Gp II, LLC
    pooled vehicle sponsorn
  • Skk Ventures Manager, LLC
    pooled vehicle sponsorn
  • Skk Ventures Qp Manager, LLC
    pooled vehicle sponsorn
  • Skk-Fhr Gp, LLC
    pooled vehicle sponsorn
  • Skk-Global Partners Property Fund I Gp, LLC
    pooled vehicle sponsorn
Advisers that list Shepherd Kaplan LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Boston, Ma · principal1811
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 1,351 to 1,389
    Mar 31, 2025 to Mar 31, 2026
  • Assets in custody · $769M to $881M
    Mar 31, 2025 to Mar 31, 2026
  • Employees · 46 to 42
    Mar 31, 2025 to Mar 31, 2026
  • Discretionary RAUM · $814M to $862M
    Mar 31, 2025 to Mar 31, 2026
  • Non-discretionary RAUM · $8.6B to $9.3B
    Mar 31, 2025 to Mar 31, 2026
  • RAUM · $9.4B to $10B
    Mar 31, 2025 to Mar 31, 2026
  • Accounts · 1,330 to 1,351
    Mar 28, 2024 to Mar 31, 2025
  • Advisory employees · 23 to 24
    Mar 28, 2024 to Mar 31, 2025
  • Assets in custody · $736M to $769M
    Mar 28, 2024 to Mar 31, 2025
  • Employees · 43 to 46
    Mar 28, 2024 to Mar 31, 2025
  • Financial planning clients · 1-10 to 1-10
    Mar 28, 2024 to Mar 31, 2025
  • State-registered IARs · 18 to 19
    Mar 28, 2024 to Mar 31, 2025
  • Discretionary RAUM · $756M to $814M
    Mar 28, 2024 to Mar 31, 2025
  • Non-discretionary RAUM · $7.9B to $8.6B
    Mar 28, 2024 to Mar 31, 2025
  • RAUM · $8.6B to $9.4B
    Mar 28, 2024 to Mar 31, 2025
  • Accounts · 1,140 to 1,330
    May 4, 2023 to Mar 28, 2024
  • Advisory employees · 22 to 23
    May 4, 2023 to Mar 28, 2024
  • Assets in custody · $628M to $736M
    May 4, 2023 to Mar 28, 2024
  • Employees · 42 to 43
    May 4, 2023 to Mar 28, 2024
  • Insurance-licensed employees · 2 to 3
    May 4, 2023 to Mar 28, 2024
  • State-registered IARs · 16 to 18
    May 4, 2023 to Mar 28, 2024
  • Discretionary RAUM · $679M to $756M
    May 4, 2023 to Mar 28, 2024
  • Non-discretionary RAUM · $7.0B to $7.9B
    May 4, 2023 to Mar 28, 2024
  • RAUM · $7.6B to $8.6B
    May 4, 2023 to Mar 28, 2024
  • Accounts · 1,055 to 1,140
    Jul 12, 2022 to Mar 31, 2023
  • Assets in custody · $725M to $628M
    Jul 12, 2022 to Mar 31, 2023
  • Employees · 44 to 42
    Jul 12, 2022 to Mar 31, 2023
  • Insurance-licensed employees · 3 to 2
    Jul 12, 2022 to Mar 31, 2023
  • State-registered IARs · 17 to 16
    Jul 12, 2022 to Mar 31, 2023
  • Discretionary RAUM · $862M to $679M
    Jul 12, 2022 to Mar 31, 2023
  • Non-discretionary RAUM · $7.7B to $7.0B
    Jul 12, 2022 to Mar 31, 2023
  • RAUM · $8.5B to $7.6B
    Jul 12, 2022 to Mar 31, 2023
  • Accounts · 1,067 to 1,055
    Jan 3, 2022 to Mar 30, 2022
  • Assets in custody · $695M to $725M
    Jan 3, 2022 to Mar 30, 2022
  • Employees · 43 to 44
    Jan 3, 2022 to Mar 30, 2022
  • State-registered IARs · 15 to 17
    Jan 3, 2022 to Mar 30, 2022
  • Discretionary RAUM · $772M to $862M
    Jan 3, 2022 to Mar 30, 2022
  • Non-discretionary RAUM · $6.6B to $7.7B
    Jan 3, 2022 to Mar 30, 2022
  • RAUM · $7.4B to $8.5B
    Jan 3, 2022 to Mar 30, 2022
  • Accounts · 1,319 to 1,067
    Sep 30, 2020 to Mar 31, 2021
Signals
6 dated events
  • Thomas Patrick Fallon left Shepherd Kaplan Llc for Osaic Wealth, Inc. (registered 2026-04-02)
    Mar 17, 2026 · Advisor changed firm · fact
  • Bayard Dodge (Chief Compliance Officer) appeared on Schedule A of Shepherd Kaplan Llc
    Mar 31, 2023 · Control person joined · fact
  • Bruce Goodman (General Counsel, Member, Non-Voting Shares) no longer on Schedule A of Shepherd Kaplan Llc (listed 2022-03-30, absent 2022-07-12)
    Jul 12, 2022 · Control person left · inference
  • Thomas Jonathan Perry (Chief Financial Officer) no longer on Schedule A of Shepherd Kaplan Llc (listed 2020-09-30, absent 2021-03-31)
    Mar 31, 2021 · Control person left · inference
  • Adam Timothy Krochuk (Managing Member) no longer on Schedule A of Shepherd Kaplan Llc (listed 2020-01-23, absent 2020-03-30)
    Mar 30, 2020 · Control person left · inference
  • Sebastian Granzo (Chief Compliance Officer) no longer on Schedule A of Shepherd Kaplan Llc (listed 2019-03-29, absent 2019-11-08)
    Nov 8, 2019 · Control person left · inference
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Firm profile
LINKEDIN.COM/COMPANY/SHEPHERD-KAPLAN-LLCreportedpublic record, Form ADV, Sep 17, 2026
Firm profile
LINKEDIN.COM/COMPANY/SHEPHERD-KAPLAN-KROCHUKreportedpublic record, Form ADV, Sep 17, 2026
Website
SK-LLC.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
617-896-1600reportedpublic record, Form ADV, Mar 31, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
RAUM per advisor
$564Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026