The Caprock Group, Llc
SEC-registered
Multi-Family Office · Large ($10B–$100B)
CRD 124272
· SEC file 801-61642
· Boise, ID
· x.com
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ADV data as of Mar 26, 2026
- Regulatory AUM
- $12.5B
- Discretionary
- $12.2B
- Clients
- 436
- Avg AUM / client
- $28.6M
- Accounts
- 436
- Employees
- 67
AUM over time
$937M
$12.5B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 26, 2026
Asset allocation (SMA assets by investment type)
as of Mar 26, 2026
Exchange-traded equities
$6.5B
52%
State & local bonds
$2.9B
23%
US government & agency bonds
$998M
8%
Registered investment companies (funds/ETFs)
$749M
6%
Investment-grade corporate bonds
$499M
4%
Other
$374M
3%
Cash & equivalents
$250M
2%
Non-exchange-traded equities
$125M
1%
Sovereign bonds
$125M
1%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 22 | $17.4M | 0.14% |
| High net worth individuals | 398 | $11.3B | 90.4% |
| Charitable organizations | 16 | $1.2B | 9.48% |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Caldera EIN 943235649 | Portland, OR | 06/30/2024 |
People (49)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Mark Kenneth Gustafson | Chief Investment Officer Impact | CFA | Jan 2004 (23y) | 5% – 10% |
| James Richard Rock | Chief Investment Officer | Aug 2005 (21y) | Less than 5% | |
| William Gordon Gilbert | Co President | Aug 2005 (21y) | 5% – 10% | |
| Gregory Aaron Brown | Co President | Jan 2007 (20y) | 5% – 10% | |
| Jefferson Richard Jewell | Chief Operating Officer / Chief Compliance Officer | Jun 2011 (15y) | Less than 5% | |
| Michael, Glenn, Thomas | Chief Financial Officer | Jul 2018 (8y) | Less than 5% | |
| Jessica Summer Haberman | Registered representative | Aug 2005 (21y) | ||
| Dallas K Mock | Registered representative | Aug 2005 (21y) | ||
| Andy G Pazdan | Registered representative | Jun 2007 (19y) | ||
| Erik Van Jensen | Registered representative | CFP | Jan 2011 (16y) | |
| Laura Ann Greenig | Registered representative | Apr 2011 (15y) | ||
| Natalie Dawn Holm | Registered representative | CFA | Dec 2011 (15y) | |
| Gregory James Mech | Registered representative | Mar 2013 (13y) | ||
| Jeffrey Michael Gumeson | Registered representative | CFA | Feb 2015 (11y) | |
| Michelle Alisa Mosey | Registered representative | Jan 2018 (9y) | ||
| Kiersten Janaye Adling | Registered representative | Sep 2018 (8y) | ||
| William R Mech | Registered representative | Oct 2018 (8y) | ||
| John Andrew Nordstrom | Registered representative | Sep 2019 (7y) | ||
| Joseph John Gryniuk | Registered representative | CFA | Jul 2021 (5y) | |
| Kellianne Renee Barrow | Registered representative | Nov 2021 (5y) | ||
| Julia Nicole Northcott | Registered representative | Apr 2022 (4y) | ||
| Kellen Joseph Schmitz | Registered representative | CFA | Jun 2022 (4y) | |
| Christa Nicole Kunick | Registered representative | CFP | Jul 2022 (4y) | |
| Anna Sophia Whelchel | Registered representative | Jun 2023 (3y) | ||
| John Michael Sheffield | Registered representative | Sep 2023 (3y) | ||
| Whitney W Warmack | Registered representative | CFP | Sep 2023 (3y) | |
| Garrett Daniel Dinsmore | Registered representative | Dec 2023 (3y) | ||
| Joseph French Page | Registered representative | Apr 2024 (2y) | ||
| Jeffrey Scott Friedstein | Registered representative | Apr 2024 (2y) | ||
| Monica Barrera | Registered representative | Apr 2024 (2y) | ||
| Timothy Charles Simon | Registered representative | Apr 2024 (2y) | ||
| Melissa Ahearn | Registered representative | May 2024 (2y) | ||
| Ryan Singer | Registered representative | May 2024 (2y) | ||
| Roger J Klauer | Registered representative | May 2024 (2y) | ||
| Peter Traugott Lawler | Registered representative | May 2024 (2y) | ||
| Porter Thomas Milner | Registered representative | Aug 2024 (2y) | ||
| Bennie Warren Fowler | Registered representative | Dec 2024 (2y) | ||
| Chase Ethan Grossman | Registered representative | Dec 2024 (2y) | ||
| Eric Niklas Osmundson | Registered representative | Jan 2025 (2y) | ||
| Timothy William Skinner | Registered representative | Jan 2025 (2y) | ||
| David Lavin Solow | Registered representative | Feb 2025 (1y) | ||
| Christy Dawn Clark | Registered representative | May 2025 (1y) | ||
| Vivek Jindal | Registered representative | Jul 2025 (1y) | ||
| Ryan T Edington | Registered representative | Oct 2025 (1y) | ||
| Alexander Rolland Nixon | Registered representative | Dec 2025 (1y) | ||
| Ryan Norton Smith | Registered representative | CFA | Feb 2026 (0y) | |
| Edward Simpson Stroud | Registered representative | May 2026 (0y) | ||
| Kevin Joseph Sierzant | Registered representative | May 2026 (0y) | ||
| Ashley Laney | Registered representative | Jun 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Tcg Midco, Llc | Unit Holder | Dec 2021 | A | 75% or more |
| Ta/Tcg Holdings, Llc | Unit Holder | Dec 2021 | B | ≈ 37.5% – 75% via Tcg Midco, Llc |
| Tcg Holdings, Inc. | Unit Holder | Dec 2021 | B | ≈ 9.38% – 37.5% via Ta/Tcg Holdings, Llc |
Undisclosed: 0% – 10% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Ta/Tcg Holdings, Llc: 50% – 75% of Tcg Midco, Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Tcg Holdings, Inc.: 25% – 50% of Ta/Tcg Holdings, Llc × 50% – 75% of Tcg Midco, Llc × 75% – 100% direct ≈ 9.38% – 37.5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Foundations & charities (1)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Caldera | Public charity | $32.4M | 06/30/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/26/2026 | 1.3 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
- • Other services
Custody
Reported custodians
- National Financial Services (Fidelity) $2.8B (23% of AUM) Mar 2026
- Charles Schwab & Co. $2.0B (16% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 26, 2026.
View current Form ADV (SEC/IAPD) ↗