Seller Details:
Venturi Private Wealth (“Venturi”) is an Austin, Texas-based independent wealth management firm with approximately $4 billion in AUM. Founded in 2015, Venturi serves entrepreneurs, executives, families and other clients with significant wealth. The firm provides investment management, financial planning, family office services, wealth education, governance and related advisory services designed to help clients manage complexity, plan across generations and align wealth with long-term family goals.
Buyer Details:
The Caprock Group LLC (“Caprock”) is a leading multi-family office RIA serving UHNW clients. Founded in 2005, Caprock acts as a full-service outsourced chief investment officer and chief financial officer for wealthy families, providing integrated investment management, family office services and customized advice for clients with significant and complex wealth. Caprock advises on approximately $17 billion in client assets, has more than $8 billion invested across private markets and serves 468 families nationwide.
Transaction Summary:
The transaction brings approximately $4 billion in AUM and 30 employees to Caprock, including 10 advisors, expands the firm’s footprint in Austin and establishes a presence in Oklahoma City. Following the close, Venturi clients will continue working with their existing advisors while gaining access to Caprock’s broader family office resources, access to a deeper menu of investments and the support of an experienced national team. The acquisition expands Caprock’s footprint in Texas and strengthens its presence in one of the country’s largest and fastest-growing wealth management markets. Going forward, the combined firm will continue Caprock’s focus on serving UHNW families as an independent, fee-only fiduciary firm.