Caprock

Office address: 800 West Main Street, Suite 1150, Boise, ID 83702
Website: caprock.com
Year established: 2005
Company type: financial services
Employees: 100+
Expertise: multi-family office services, private equity, venture capital, real estate investing, private credit, impact investing, wealth management, financial planning, tax planning, estate planning
Parent company: N/A
Key people: Bill Gilbert and Gregory Brown (co-CEOs), Vivek Jindal (CIO), Jefferson Jewell (COO), Glenn Michael (CFO), Richard Rock and Mark Gustafson (managing directors), Frank Giuliano (head of corporate development)
Financing status: private equity-backed

Caprock is a privately held multi-family office with headquarters in Boise. The firm manages over $16 billion in client assets for more than 400 wealthy families as of December 2025. Caprock offers services in private equity, venture capital, real estate, and private credit as a founding B-Corporation.

History of Caprock

Caprock began in 2005 when a group of like-minded professionals came together with a shared vision. The co-founders include:

• Mark Gustafson
• Richard Rock
• Bill Gilbert
• Gregory Brown
• Matthew Weatherley-White

They believed traditional firms lacked the alignment and expertise to advise clients on their entire wealth. It was built to be a "true family office" that would put clients first.

A growing footprint across America

The company expanded its reach over the years to serve high-net-worth families across 10 states, including Arizona, New York, Texas, and California. This nationwide presence allows Caprock to connect clients with better investment access and convenience. It remains selective about its partnerships because it values alignment over volume.

Caprock's industry recognition

The company's client-first approach caught the attention of industry experts. InvestmentNews named the firm among its Top Independent High-Net-Worth Advisors for 2025. The award recognized top-performing independent firms across the US based on SEC filings and assets under management. Caprock earned its spot in the West region category alongside other leading advisors.

Caprock products and services

Caprock provides a full suite of wealth management solutions across four core areas of expertise:

Multi-family office services

• wealth management: consolidated reporting and financial planning
• cash flow forecasting: budgeting and liquidity event planning
• estate planning: wealth protection and succession planning
• tax services: K-1 tracking and tax-optimized portfolios
• philanthropy: foundation management and DAF oversight
• lifestyle services: bill pay, concierge, and private aviation
• personal estate: contract review and borrowing options

Managing complex wealth

• outsourced CFO: manages the entire family balance sheet
• outsourced CIO: oversees asset preservation and growth
• dedicated advisory team: provides strategy and daily administration
• multi-generational support: addresses needs of family stakeholders

Private investing

• private equity: access to non-public opportunities
• venture capital: backing for early-stage, high-potential startups
• private credit: alternative lending and debt strategies
• real estate: private market property investments
• deal sourcing: access to difficult-to-find investments

Impact investing

• values-aligned portfolios: investments reflecting client priorities
• sustainable food and agriculture: regenerative farming support
• clean energy: renewable energy transition investments
• biodiversity: ecosystem and natural capital preservation
• affordable housing: inclusive communities and housing access
• financial inclusion: widening access to capital and resources

Caprock manages more than $8 billion in private market investments across multiple asset classes. It holds founding B-Corporation status and has nearly two decades of experience building impact portfolios.

Culture and corporate values

Caprock's team spans the US to deliver personalized strategic guidance. Clients benefit from the firm's unique experience and advice. According to the company, its culture centers on four values:

• intellectually curious
• client-minded
• entrepreneurial
• focused and observant

Caprock seeks client-focused, results-driven professionals for its growing team. According to the firm, employees enjoy generous benefits:

• health and insurance: 100 percent employer-paid medical, dental, vision, and life coverage
• savings and retirement: HSA contributions, 401(k) match, and dependent care FSA
• time off: flexible PTO, 10 paid holidays, and work-life flexibility
• compensation: competitive base salary and bonus structure
• professional development: certification and education support
• additional perks: EAP access, cell phone reimbursement, and paid parking

Beyond benefits, employees say the firm puts individuals first and outcomes second. Staff report feeling trusted and supported enough to show up authentically. This culture helps each contributor find their place and thrive, according to the team.

About Co-CEOs Bill Gilbert and Gregory Brown and key people

Bill Gilbert is co-CEO of Caprock and serves on boards including St. Luke's Health System and VisitPay. Gilbert spent his career in wealth management before co-founding the company to better serve wealthy families. Gilbert has a degree in finance from the University of Idaho.

Gregory Brown is also co-CEO and leads the firm's investment team with a direct approach. Brown was an investor and entrepreneur with experience in business development, capital formation, and M&A. He earned a BS from the University of Idaho and MBAs from Columbia and UC Berkeley.

The Caprock co-CEOs are supported by a team of experienced leaders:

• Vivek Jindal serves as chief investment officer, overseeing the company's investment platform
• Richard Rock is co-founder and managing director, now focusing on advisor and client support
• Mark Gustafson is co-founder and managing director of client advisory, holding a CFA designation
• Jefferson Jewell works as COO and chief compliance officer, overseeing daily operations and compliance
• Glenn Michael serves as CFO, managing the firm's financial operations and reporting
• Frank Giuliano is head of corporate development, joining Caprock in 2025

The leadership team brings a wide range of backgrounds and skills. They are spread across the US to offer personalized advice to clients.

The future at Caprock

The company named Vivek Jindal as CIO in 2025 to lead its investment platform forward. The move reflects the firm's focus on private markets and tech-enabled solutions for advisors and clients. This leadership transition positions Caprock for continued growth as it expands across the US.

Alongside these leadership moves, the firm earned recognition at the 2025 InvestmentNews Awards, our industry gala in New York City. Caprock was named an excellence awardee for RIA Team of the Year with 10 or more advisors. This honor shows the strength of Caprock's advisory team as the company continues to grow.

The latest Caprock news