Caprock Partners (Newport Beach)

Name: Caprock Partners
Address: 1300 Dove Street, Newport Beach, CA, 92660
Telephone: 949-342-8000

Caprock Partners is a large advisory firm based in Newport Beach. It manages $193.35 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2018.

Caprock Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Caprock Partners: assets under management

The assets under management (AUM) of Caprock Partners is $193.35 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $193.35 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $48.34 million each.

Caprock Partners has custody of $193.35 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Caprock Partners for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gerald Nelson Pharris serves?

The only and largest group of clients of Gerald Nelson Pharris is pooled investment vehicles with 4 clients and $193.35 million of assets under management. Among the 14 most similar advisory firms, Caprock Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $193.35 million for 4 clients. None of the firm’s clients are foreign persons or businesses.

Caprock Partners also advises several private funds. Namely, four real estate funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $5,000,000.

Careers at Caprock Partners

The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Gerald Nelson Pharris has been acting as President since 1 Jun 2013. James Michael Gill joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gerald Nelson Pharris	Chairman	1 Jun 2013	25% - 50%	1465208
Jonathan Michael Pharris	President	1 Jun 2013	25% - 50%	7053164
Patrick Braxton Daniels	Ceo	1 Jun 2013	25% - 50%	7049083
James Michael Gill	Cco	1 Jan 2018	Other	7054325

Based in Newport Beach

The principal office where Caprock Partners performs its advisory services is located at 1300 Dove Street, Newport Beach, CA 92660, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 949-342-8000. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at caprock-partners.com/ and its LinkedIn profile.