Shepherd Financial Partners, LLC (Winchester)

Name: Shepherd Financial Partners, LLC
Address: 1004 Main Street, Winchester, MA, 01890
Telephone: 781-756-1804

Shepherd Financial Partners, LLC is a large advisory firm based in Winchester. It manages $799.07 million of regulatory assets for 865 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Connecticut, Florida, and 11 other states.

Shepherd Financial Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Shepherd Financial Partners: assets under management

The assets under management (AUM) of Shepherd Financial Partners, LLC is $799.07 million. The firm's AUM has grown by 512% since the beginning of its operation, and $2.59 million of the total AUM is attributable to clients outside of the United States.

The firm manages $794.82 million in discretionary accounts and $4.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $922.06 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.42 million.

Shepherd Financial Partners has custody of $76.99 million in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 80% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Shepherd Financial Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Shepherd Financial Partners serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Shepherd Financial Partners is high net worth individuals with 182 clients and $444.74 million of assets under management. Among the 7 most similar advisory firms, Shepherd Financial Partners has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $736.2 million for 861 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Shepherd Financial Partners doesn't advise any private funds.

Careers at Shepherd Financial Partners, LLC

The company employs 27 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Mark Steven Waterhouse has served as the Chief Investment Officer since 1 Jun 2015. Robert Mark Shepherd joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Mark Shepherd	Chief compliance officer	1 Jun 2015	75% - 100%	1844029
Mark Steven Waterhouse	Chief investment officer	1 Jun 2015	Other	2150145
Jane Golden Lawler	Chief operating officer	1 Jun 2015	Other	6127103
Steve Lee Kuhlman	Managing director	1 Jun 2015	Other	2932993

Based in Winchester

The principal office where Shepherd Financial Partners, LLC performs its advisory services is located at 1004 Main Street, Winchester, MA 01890, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-756-1804 or by fax 781-729-4356. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at shepherdfinancialpartners.com.