OneFiduciary said both companies could deliver an enhanced level of investment thought leadership and fiduciary protection by joining forces. The company will now be able to provide clients with enhanced and additional services that were not formerly available.
In addition, its technology and investment analytics will be upgraded to an industry leading standard, according to the announcement.
Together, the firms will have more than $4 billion in assets under management, and 39 employees, including 16 investment professionals.
Shepherd Kaplan assists corporate and institutional clients in managing their fiduciary responsibilities, providing each client with a set of resources to oversee portfolio design, investment research, investment monitoring, and cost control issues. In addition, the firm provides an educational curriculum for board members and plan participants.
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