Wealth manager, independent · Salt Lake City, UT
Sepio Capital, LP
SEC-registered investment adviser · CRD 285645 · SEC 801-108889
At a glance
Sepio Capital, LP is an SEC-registered investment adviser based in Salt Lake City, Utah, with $5.6B in regulatory assets under management as of its Form ADV filed April 27, 2026. It reports 276 individual clients, 276 of them high-net-worth, holding an average of about $15 million each, and 31 employees. That ranks it 186th among the nation’s 5,657 independent wealth management RIAs and 2nd of 85 in Utah. It reports Fidelity as the custodian for its clients’ separately managed accounts.
Main office 415-915-3708sepiocap.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $5.6B
- Rank among independent wealth managers
- #186 of 5,657
- Rank among all SEC RIAs
- #1,934 of 17,210
- Rank in Utah
- #2 of 85
- Individual clients
- 276
- High-net-worth clients
- 276
- Accounts
- 374
- Discretionary
- 89% of AUM
- Employees
- 31
- Advisory staff
- 18
- Offices
- 5
Owners and executives on its Form ADV
- Joshua R. CarterLimited Partner
- Donald B. EdgrenLimited Partner and Managing Director
- Roger A. CarterLimited Partner and Managing Director
- John H. BeatsonLimited Partner, Co-Chief Investment Officer, Managing Director
- Hansen N RingerLimited Partner, Managing Director
- Mitchell J. RencherLimited Partner, Managing Director
- Joseph K. KesselChief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Sepio Capital, LP reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 276 | $4.1B | 74% |
| Investment companies | 2 | $628M | 11% |
| Charitable organizations | 7 | $542M | 10% |
| Pooled investment vehicles | 10 | $323M | 6% |
Private funds
Sepio Capital, LP reports 10 private funds with $368M in gross assets: hedge funds, private equity funds, venture capital funds, real estate funds (Form ADV Item 7.B).
Disciplinary disclosures
Sepio Capital, LP reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗sepiocap.com ↗
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 8 years of filings
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- Growth over one, three and five years
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- Rank against 733 peers of its type and size
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- 7 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Utah
All of Utah →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Soltis Investment Advisors, LLCSt. George | $12B | 5,113 |
| Diversify Advisory Services, LLCSouth Jordan | $4.6B | 5,200 |
| Diversify Wealth Management, LLCSouth Jordan | $4.1B | 4,719 |
| Crewe AdvisorsSalt Lake City | $3.1B | 514 |
| Capita Financial Network, LLCDraper | $2.3B | 2,888 |
| Albion Financial GroupSalt Lake City | $2.0B | 722 |
Compare Sepio Capital, LP with
- Sepio Capital, LP vs Soltis Investment Advisors, LLC $12B · St. George, UT
Background
Questions
How much does Sepio Capital, LP manage?
Sepio Capital, LP reports $5.6B in regulatory assets under management across 374 accounts, 89% of it on a discretionary basis, on its Form ADV filed April 27, 2026.
How many clients does Sepio Capital, LP have?
It reports 276 individual clients: 276 high-net-worth individuals and 0 other individuals. Individuals account for about 74% of its regulatory assets.
Where is Sepio Capital, LP headquartered?
Its main office is in Salt Lake City, Utah. It reports 5 offices in total and 31 employees, 18 of whom perform investment advisory functions.
How does Sepio Capital, LP charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees; performance-based fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Sepio Capital, LP use?
It reports Fidelity as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed April 27, 2026, it reports these amounts held: Fidelity ($3.9B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Sepio Capital, LP a hybrid RIA with a broker-dealer?
Sepio Capital, LP reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Sepio Capital, LP a fiduciary?
As an SEC-registered investment adviser, Sepio Capital, LP owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Sepio Capital, LP’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-04-27), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →