What Sepio Capital does

Sepio Capital is a multi-family office and institutional investment advisor that manages approximately $6 billion in assets under management across two regulated entities: Sepio Capital, LP, a SEC-registered investment adviser domiciled in California, and Sepio Trust Company, LLC, a Wyoming-chartered trust company. The firm serves a select group of high-net-worth families and institutional clients, with leadership claiming four generations of experience in family advisory services and founder Roger A. Carter serving as Managing Director. Its core offering combines discretionary investment advisory services with bespoke wealth structuring, multi-generational planning, and Wyoming-situs estate planning that leverages the state's dynasty trust framework permitting trusts to last up to 1,000 years.

The firm's underlying technology stack is built on third-party platforms rather than proprietary systems: Addepar provides portfolio management and client reporting, and ShareFile provides secure document management. Operations are anchored by a Salt Lake City headquarters and a secondary office in Jackson, Wyoming, the latter strategically aligned with the Wyoming trust franchise. The firm has productized its Wyoming jurisdiction advantage into a discrete Wyoming Situs Estate Planning sub-service and has expanded into an institutional investment advisory segment alongside the family office business.

Sepio Capital generates revenue primarily through asset-based advisory fees on AUM and trust administration and fiduciary fees from Sepio Trust Company. The combined revenue model is relationship-driven, with multi-generational client engagements and a deliberately selective client base that supports premium pricing. Headcount is in the 11-50 range, consistent with a focused, high-touch service model. The business model emphasizes continuity, trust jurisdiction, and relationship depth rather than scale or technology differentiation.

Name

Sepio Capital

Legal name

Sepio Capital, LP

Website

https://sepiocap.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Sepio Capital is a multi-family office and institutional investment advisor managing approximately $6B in assets, serving a select group of high-net-worth families and institutions through a SEC-registered RIA and a Wyoming-chartered trust company offering multi-generational estate planning.

Ownership category

akta.pro rank

Product category

Multi-Family Office & Wealth Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Family Office Trust & Fiduciary Services (FSAEAKAF)

Keywords

• Multi-family office services
• Investment advisory services
• Trust management services
• Wealth management services
• Estate planning services

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Investment Advisory Fees: Sepio Capital LP is a Registered Investment Advisor providing investment advisory services to clients nationally, likely charging advisory fees based on assets under management or fixed advisory fees for bespoke portfolio management and investment consulting services.
2. Trust Management and Fiduciary Services: Sepio Trust Company provides full trust management services in Wyoming including trust formation, investment and distribution oversight, tax coordination, beneficiary communication, philanthropy facilitation, entity management, and expense tracking. Services offered under both Directed and Discretionary trust models.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels1 record

Core offering

Sepio Capital is a multi-family office and institutional investment advisory firm dedicated to serving a select group of high-net-worth families and institutional clients managing approximately $6 billion in client assets. The firm combines bespoke investment advisory across public and private markets with Wyoming-based trust and fiduciary services, including directed and discretionary trust administration, estate and tax planning coordination, and family governance support.

Product overview

Sepio Capital operates as a multi-family office and institutional investment advisory firm offering a unified platform combining investment advisory services and trust management. The core offering consists of Sepio Capital (investment advisory for families and institutions managing ~$6B in assets) and Sepio Trust Company (Wyoming-based fiduciary services). Services span bespoke portfolio construction, estate planning, tax coordination, and specialized trust administration under directed or discretionary models. Family clients access additional concierge services including art acquisition, aircraft leasing, real estate management, and charitable administration.

Differentiator

Problem solved

Functional benefit

Products and services

• Sepio Capital Investment Advisory Multi-family office and institutional investment advisory service dedicated to serving a select group of families and institutions. Manages approximately $6 billion in assets with bespoke portfolio construction across public and private markets, including mission-aligned investing and manager research.
• Sepio Trust Company Wyoming-based trust company providing full trustee platform services including trust formation, investment oversight, tax coordination, beneficiary management, philanthropy facilitation, entity management, and expense tracking under both directed and discretionary trust models. Trusts in Wyoming can last up to 1,000 years.
• Family Wealth Management Comprehensive wealth management services for multi-generational families including bespoke investment portfolios across public and private markets, legacy and estate planning, tax planning, and concierge services such as aircraft leasing, art acquisition, next-generation training, insurance consulting, credit and lending consulting, charitable donation administration, cash flow management, real estate property management, asset acquisition, and exit planning.
• Institutional Services Corporate fiduciary and investment advisory services for institutional clients including portfolio allocation, outsourced CIO functions, mission-aligned investing, and manager research and diligence across public and private markets. Sepio works as an extension of institutional teams to provide access, efficiency, and flexibility.
• Wyoming Situs Estate Planning

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Pitcairn: Pitcairn is a multi-family office built around multi-generational families, providing investment management, trust services, and family governance. Directly comparable to Sepio's family-centric positioning and integrated trust + advisory model.
• Aspiriant: Aspiriant is an RIA serving HNW individuals and families with fee-only investment management, tax planning, and estate coordination. Comparable to Sepio on the investment advisory leg for HNW families, with similar fee-only, planning-integrated positioning.
• GenSpring Family Offices: GenSpring is a multi-family office serving HNW families with investment advisory, wealth planning, and family governance services. Directly comparable to Sepio on target client (multi-generational wealthy families) and core service offering, though now operating as part of J.P. Morgan Private Bank.
• Whittier Trust: Whittier Trust is a private multi-family office and trust company serving HNW families with investment management, trust administration, and estate planning. Comparable to Sepio's integrated advisory-plus-trust-company model, particularly on the family wealth side.
• Bessemer Trust: Bessemer Trust is one of the largest U.S. multi-family offices, serving ultra-high-net-worth and multi-generational families with investment advisory, trust, and estate services. Highly comparable to Sepio on client type (HNW families), service mix (advisory + trust), and Wyoming-style dynasty trust focus.
• Mercer Advisors: Mercer Advisors is a national RIA providing investment management, financial planning, and tax services to HNW households. Comparable to Sepio on the family wealth advisory side, particularly on bespoke planning and integrated investment-plus-estate services.
• Glenmede: Glenmede is a privately held investment and wealth management firm serving HNW families, foundations, and endowments with investment advisory, trust, and OCIO services. Comparable to Sepio across both the family office leg and the institutional OCIO leg, and similarly privately held.
• Wilmington Trust: Wilmington Trust (now part of M&T Bank) is a major U.S. trust and wealth management franchise with deep expertise in dynasty trusts and directed trust structures. Highly comparable to Sepio Trust Company on trust services, especially the multi-generational Wyoming-style structures Sepio emphasizes.

Broad incumbents

• Northern Trust: Northern Trust is a large global wealth management, asset servicing, and trust company serving HNW families and institutions. Overlaps with Sepio across family advisory, institutional OCIO, and trust services, but operates at much greater scale and across multiple jurisdictions.
• BNY Mellon Wealth Management: BNY Mellon Wealth Management is a major U.S. wealth and private banking franchise offering investment management, trust, and estate services to UHNW families and institutions. Overlaps with Sepio on advisory, trust, and institutional mandates, but as a much larger, multi-product incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sepio Capital