The Caprock Group has enticed one of Goldman Sachs Private Wealth’s advisors to join its Chicago office.
David Solow’s new role as managing director and client advisor for Caprock will have a strong focus on ultra-high-net-worth clients from the sports and entertainment fields but will also include other prominent families. At Goldman he co-led a team that managed more than $5 billion in assets.
The privately held multi-family office RIA acts as a full-service outsourced chief investment officer and chief financial officer for 400 wealthy families with a total of more than $12.6 billion in assets under advisement. It was named among InvestmentNews Top Independent High-Net Worth Advisors in 2024.
Solow’s knowledge of clients from the sports world will be of keen interest to the firm’s director of strategic development, Bennie Fowler III who was appointed to the role last year having enjoyed a successful career as NFL wide receiver for the Denver Broncos and executive leadership coach. (He played in Super Bowl 50 against Caroline Panthers back in 2016, catching the final pass of Peyton Manning’s career and securing the Bronco’s win.)
The complex needs of Caprock’s clients will benefit from Solow’s almost sixteen years of experience at Goldman Sachs and his legal background as an attorney with Neal, Gerber and Eisenberg. Caprock’s younger advisors will also gain as Solow led training and development for next-gen advisors at his old firm.
It’s been almost a year since Caprock announced a milestone with its first acquisition, snapping up Grey Street Capital, a boutique advisory firm based in Chicago with $2.2 billion in client assets. The deal took Caprock’s AUA into double figures. Solow will be part of this team.
Caprock operates offices in Boise, Seattle, San Jose, Newport Beach, Park City, New York, Austin, Chicago, Scottsdale, Winter Park, Morristown, and Denver.
Elsewhere, a Commonwealth team in Massachusetts converts to Cetera, while Janney draws four former Wells Fargo advisors to its Radnor, Pennsylvania office.
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