Wealth manager, independent · Boise, ID
The Caprock Group, LLC
SEC-registered investment adviser · CRD 124272 · SEC 801-61642
At a glance
The Caprock Group, LLC is an SEC-registered investment adviser based in Boise, Idaho, with $12B in regulatory assets under management as of its Form ADV filed August 7, 2026. It reports 420 individual clients, 398 of them high-net-worth, holding an average of about $27 million each, and 67 employees. That ranks it 76th among the nation’s 5,657 independent wealth management RIAs and 1st of 35 in Idaho. It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab.
Main office 208-368-9600caprock.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $12B
- Rank among independent wealth managers
- #76 of 5,657
- Rank among all SEC RIAs
- #1,178 of 17,210
- Rank in Idaho
- #1 of 35
- Individual clients
- 420
- High-net-worth clients
- 398
- Accounts
- 436
- Discretionary
- 98% of AUM
- Employees
- 67
- Advisory staff
- 38
- Offices
- 12
Owners and executives on its Form ADV
- Mark K. GustafsonChief Investment Officer Impact
- James R. RockChief Portfolio Strategist
- William G. GilbertCo-President
- Gregory A. BrownCo-President
- Jefferson R. JewellChief Operating Officer / Chief Compliance Officer
- Glenn T. MichaelChief Financial Officer
- Vivek JindalChief Investment Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
The Caprock Group, LLC 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 | 398 | $11B | 90% |
| Charitable organizations | 16 | $1.2B | 9% |
| Individuals | 22 | $17M | <1% |
Disciplinary disclosures
The Caprock Group, LLC 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 pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗caprock.com ↗
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- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 345 peers of its type and size
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- Owners and executives, with titles and stakes
- 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 Idaho
All of Idaho →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Venturi Private WealthBoise | $3.6B | 687 |
| Continuum Advisory, LLCEagle | $1.9B | 3,344 |
| RW Investment Management LLCEagle | $1.7B | 758 |
| Pinkerton Wealth PartnersCoeur D'alene | $1.4B | 1,233 |
| Aspen Capital Management, LLCBoise | $1.3B | 443 |
Compare The Caprock Group, LLC with
- The Caprock Group, LLC vs Valeo Financial Advisors, LLC $13B · Carmel, IN
- The Caprock Group, LLC vs Loring, Wolcott & Coolidge Fiduciary Advisors, LLP $13B · Boston, MA
- The Caprock Group, LLC vs Williams Jones Wealth Management, LLC $12B · New York, NY
- The Caprock Group, LLC vs Advisors Capital Management, LLC $12B · Ridgewood, NJ
- The Caprock Group, LLC vs Venturi Private Wealth $3.6B · Boise, ID
Background
Questions
How much does The Caprock Group, LLC manage?
The Caprock Group, LLC reports $12B in regulatory assets under management across 436 accounts, 98% of it on a discretionary basis, on its Form ADV filed August 7, 2026.
How many clients does The Caprock Group, LLC have?
It reports 420 individual clients: 398 high-net-worth individuals and 22 other individuals. Individuals account for about 91% of its regulatory assets.
Where is The Caprock Group, LLC headquartered?
Its main office is in Boise, Idaho. It reports 12 offices in total and 67 employees, 38 of whom perform investment advisory functions.
How does The Caprock Group, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does The Caprock Group, LLC use?
It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab. On Schedule D of its Form ADV filed August 7, 2026, it reports these amounts held: Fidelity ($2.8B); Charles Schwab ($2.0B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is The Caprock Group, LLC a hybrid RIA with a broker-dealer?
The Caprock Group, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is The Caprock Group, LLC a fiduciary?
As an SEC-registered investment adviser, The Caprock Group, LLC 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 The Caprock Group, LLC’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 (2026-08-07), 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 →