{"id":690986,"date":"2026-07-14T11:02:09","date_gmt":"2026-07-14T11:02:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/690986\/"},"modified":"2026-07-14T11:02:09","modified_gmt":"2026-07-14T11:02:09","slug":"caprock-makes-2nd-acquisition-with-4b-venturi-private-wealth","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/690986\/","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.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">The firm, which will now operate under the Caprock name, was owned by its employees, with co-founder and CEO Russ Norwood holding the largest stake of between 25% to 50%, according to its most recent Form ADV. The firm was custodied with Fidelity, according to that filing, which is also an option with Caprock, according to its filings.<\/p>\n<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">\u201cCaprock brings broader investment capabilities, deeper family office resources and the scale to support clients as their needs continue to evolve, while preserving the culture, independence and client focus that have always defined Venturi,\u201d Norwood said in a statement.<\/p>\n<p data-component=\"related-article\" class=\"RelatedArticle\">Related:<a class=\"RelatedArticle-RelatedContent\" href=\"https:\/\/www.wealthmanagement.com\/ria-news\/carson-revamps-with-dedicated-teams-for-integrated-and-independent-ria-channels\" target=\"_self\" data-discover=\"true\" rel=\"nofollow noopener\">Carson Group Creates Home Office Teams for W-2, Independent RIA Channels<\/a><\/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 deal for $2.2 billion 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<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","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":690987,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,4174,4175,56,54,55],"class_list":["post-690986","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-personal-finance","tag-personalfinance","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/690986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=690986"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/690986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/690987"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=690986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=690986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=690986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}