The Caprock Group, Inc. (Boise)


The Caprock Group, Inc. is a large advisory firm based in Boise. It manages $2.76 billion of regulatory assets for 245 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Colorado, Idaho, Utah, and Washington.

The Caprock Group provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and wealth management & consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

The Caprock Group: assets under management

The assets under management (AUM) of The Caprock Group, Inc. is $2.76 billion. The firm's AUM has grown by 1388% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.74 billion in discretionary accounts and $25.15 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $11.26 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $12.58 million.
The Caprock Group has custody of $63.6 million in cash and securities for 43 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 38% of the total AUM. The second-largest asset type is state and local bonds, which make up 34% of the firm’s portfolio. Investments in investment grade corporate bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Caprock Group, Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients The Caprock Group serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of The Caprock Group is high net worth individuals with 173 clients and $2.24 billion of assets under management. Among the 11 most similar advisory firms, The Caprock Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.76 billion for 245 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.

The Caprock Group also advises several private funds. Namely, one private equity fund.

Careers at The Caprock Group, Inc.

The company employs 32 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 26 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Mike Mcmillen Principal 1 Nov 2002 Other 1952020
Mark Kenneth Gustafson Managing director 1 Jan 2004 Other 4784112
Alferd Craig Olson President & managing director 1 Aug 2005 Other 5007938
James Richard Rock Managing director 1 Aug 2005 Other 5020387
William Gordon Gilbert Managing director 1 Aug 2005 Other 2628415
Matthew Richard Weatherley White Managing director 1 Aug 2005 Other 2486307
Gnt Trust Shareholder 1 Aug 2005 Other xxx-xx-xxxx
David Alan Otander Chief compliance officer 1 Nov 2005 Other 1682731
Gregory Aaron Brown Managing director 1 Jan 2007 Other 5276924
Jefferson Richard Jewell Chief compliance officer 1 Sep 2015 Other 5918668

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Michelle Mary Rock Trustee 1 Aug 2005 Other 5834346

Based in Boise

The principal office where The Caprock Group, Inc. performs its advisory services is located at 805 West Idaho Street, Boise, ID 83702, which is also the mailing address of the firm. An additional office of the firm is in Mercer Island, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (208) 368-9600 or by fax (208) 368-9602. The normal business hours are 7:30 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at i3impact.com.