Report: Carson Group President Shepherd the Latest Exec Departure

Carson Group President Teri Shepherd has left the $38B RIA, effective March 2025, and is the latest in a string of recent executive departures, a company spokesperson confirmed to Financial Times IQ.

Shepherd joined the firm in 2012 and previously served as COO. By 2019, she and Aaron Schaben were promoted as co-presidents, with Shepherd more active in overseeing the institutional and retail departments of the firm.

She took on the role solely after founder Omani Carson’s departure and Schaben took the role of president for Carson Partners. She was the first top female executive at the company and led its technology, legal, operations, and finance teams.

Her departure from Carson Group follows that of Schaben, who moved on to become CEO of Carson Family Offices. Their departures also follow those of several other senior executives, reported by Dakota on December 2, that included Erin Wood, who headed financial planning. It’s a continuation of a year of executive shakeup at Carson, which has also seen the departures of Managing Partner Jamie Hopkins, CTO Nimesh Patel, and CEO Ron Carson.