{"id":802407,"date":"2026-07-15T00:26:35","date_gmt":"2026-07-15T00:26:35","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/802407\/"},"modified":"2026-07-15T00:26:35","modified_gmt":"2026-07-15T00:26:35","slug":"caprock-makes-2nd-acquisition-with-4b-venturi-private-wealth","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/802407\/","title":{"rendered":"Caprock Makes 2nd Acquisition with $4B Venturi Private Wealth"},"content":{"rendered":"<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Caprock, a Boise, Idaho-based $16 billion <a class=\"ContentText-BodyTextChunk ContentText-BodyTextChunk_link\" href=\"https:\/\/www.wealthmanagement.com\/financial-technology\/caprock-helping-make-the-advisor-a-force-multiplier-\" target=\"_self\" data-discover=\"true\" rel=\"nofollow noopener\">multi-family office registered investment advisor<\/a>, announced Tuesday that it had acquired Venturi Private Wealth, an Austin-based wealth manager with about $4 billion in assets under management.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">The transaction brings approximately 30 employees to Caprock, including 10 advisors, and expands the firm\u2019s footprint in Austin and Oklahoma City, where Venturi has a presence.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Founded in 2015, Venturi serves entrepreneurs, executives and multigenerational families through a fiduciary, planning-oriented approach. Co-founder and CEO Russ Norwood said the firm started reviewing a strategic growth plan for about 18 months before deciding to join Caprock.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">\u201cAs a high-growth firm in one of the best geographies in the country, we have always had a lot of interest from firms that want to expand in our region,\u201d Norwood said. \u201cMost are not a good fit for the specific focus of our clientele. This was different with Caprock. Our No. 1 priority was that, if we joined another firm, it had to be a no-excuses solution for our clients.\u201d<\/p>\n<p data-component=\"related-article\" class=\"RelatedArticle\">Related:<a class=\"RelatedArticle-RelatedContent\" href=\"https:\/\/www.wealthmanagement.com\/ria-news\/creative-planning-acquires-commercial-insurance-firm\" target=\"_self\" data-discover=\"true\" rel=\"nofollow noopener\">Creative Planning Acquires Commercial Insurance Firm<\/a><\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">The firm, which will operate under the Caprock name, was owned by its employees, with Norwood holding the largest stake of between 25% to 50%, according to its most recent Form ADV. The firm was 95% custodied with Fidelity, and will remain so with Caprock, Norwood said.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Norwood and Joey Sager, who leads Venturi\u2019s Oklahoma City office, will become managing directors at Caprock.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Norwood said one of the reasons Venturi joined Caprock was to have \u201can opportunity to help grow the firm and have a voice and an impact.\u201d<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Other reasons included: \u201cScale of the platform and infrastructure. Complementary services where we believe we can help drive value. Strong leadership and a focus on the type of clientele that we serve. A strong commitment to alternative investments and family office services.\u201d<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">The move is only Caprock\u2019s second acquisition to date and follows a $2.2 billion deal for Grey Street Capital in 2024. Last year, Caprock <a class=\"ContentText-BodyTextChunk ContentText-BodyTextChunk_link\" href=\"https:\/\/www.wealthmanagement.com\/career-moves\/caprock-taps-former-lpl-vp-for-m-a-role\" target=\"_self\" data-discover=\"true\" rel=\"nofollow noopener\">hired Frank Giuliano from LPL Financial<\/a> to head its acquisition and recruiting.<\/p>\n","protected":false},"excerpt":{"rendered":"Caprock, a Boise, Idaho-based $16 billion multi-family office registered investment advisor, announced Tuesday that it had acquired Venturi&hellip;\n","protected":false},"author":2,"featured_media":802408,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,133,131,132],"class_list":["post-802407","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-ca","tag-canada","tag-finance","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/802407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=802407"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/802407\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/802408"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=802407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=802407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=802407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}