Caprock, a Boise, Idaho-based multi-family office registered investment advisor, has made its second acquisition in a year, this time snapping up Austin-based Venturi Private Wealth for an estimated $4 billion. This strategic move marks a significant expansion for Caprock, bringing approximately 30 employees, including 10 advisors, under its wing. The acquisition is a testament to Caprock's growing influence in the wealth management industry, following its previous deal for Grey Street Capital in 2024. With a combined AUM of over $16 billion, Caprock is solidifying its position as a prominent player in the market.
Venturi Private Wealth, founded in 2015, has been a trusted name in the industry, serving entrepreneurs, executives, and multigenerational families with a fiduciary, planning-oriented approach. The firm's culture, independence, and client focus have been key to its success, and now, under the Caprock umbrella, it will benefit from the latter's broader investment capabilities and deeper family office resources. This acquisition is a strategic move to enhance Caprock's service offerings and better support clients as their needs evolve.
The transition is seamless, with Venturi's co-founder and CEO, Russ Norwood, and Joey Sager, leading the Oklahoma City office, becoming managing directors at Caprock. This appointment further strengthens Caprock's leadership and ensures a smooth integration of Venturi's operations. The firm's custodial services, previously managed by Fidelity, will now be handled by Caprock, providing a comprehensive solution for its clients.
This acquisition is a strategic move that showcases Caprock's ability to adapt and expand while maintaining its core values. By integrating Venturi's expertise and resources, Caprock is poised to offer an even more comprehensive suite of services, solidifying its position as a leading multi-family office in the industry. The future looks bright for Caprock, as it continues to innovate and grow, setting a new standard for wealth management excellence.
