Caprock Buys Austin-Based Venturi Private Wealth, Adds $4 Billion AuM

Editorial Staff

14 July 2026

Caprock, a privately held RIA and multi-family office, said today that it has bought $4 billion AuM wealth management firm Venturi Private Wealth, a business based in Austin, Texas.

Founded in 2015, Venturi serves entrepreneurs, executives and multigenerational families. It has also expanded into areas such as family governance, wealth education, advanced planning and CFO services. It is joining a business – Caprock – which advises on about $17 billion in client assets.

The acquisition, which brings nearly 30 employees to Caprock, including 10 advisors, will expand the firm's footprint in Austin and Oklahoma City.

The terms of the transaction were not disclosed.

Berkshire Global Advisors served as exclusive financial advisor to Venturi, with Bomy Hagopian, partner, leading the Berkshire team. DLA Piper served as legal advisor to Venturi. Stoel Rives LLP served as legal advisor to Caprock.

When the deal is wrapped up, Venturi clients will continue working with their existing advisors. They will also gain access to Caprock's family office resources, a deeper menu of investments and the support of a national team.

Upon closing, Venturi will operate under the Caprock brand and platform. Norwood and Joey Sager, who leads Venturi's Oklahoma City office, will become managing directors at Caprock.

"Venturi has built an exceptional firm grounded in trust, thoughtful advice and long-term client relationship," Greg Brown, co-CEO of Caprock, said. "They share our belief that serving wealthy families requires a broad family office approach that extends well beyond investment management. We're thrilled to welcome their team to Caprock and look forward to building on the strengths of both firms for the benefit of our clients."

"Like Caprock, we've always believed that wealth management is about much more than managing investments," Russ Norwood, co-founder and CEO of Venturi, said. "As we considered the next chapter for our firm, it was important to find a partner that would strengthen what we do for our clients. Caprock 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."

Caprock has teams in Boise, Seattle, San Jose, Newport Beach, Park City, New York, Austin, Chicago, Scottsdale, Denver and Winter Park.

The Venturi deal lands amid what dealmakers describe as the busiest stretch yet for North American wealth management M&A. According to ECHELON Partners, the RIA sector closed 142 transactions in the first quarter of 2026 alone, eclipsing the previous quarterly high of 125, with total transacted AuM of $1.67 trillion – more than double the figure for the same period a year earlier. The industry is on track to top 475 deals for the full year, which would beat 2025's record of 466. Private equity remains the engine behind much of this activity, backing roughly 72 per cent of first-quarter deals, whether through outright acquisitions, minority stakes or recapitalizations of existing platform investments.

Dealmakers expect the shape of consolidation to keep shifting through the rest of 2026. Rather than simple asset-gathering, buyers such as Caprock are increasingly building out family office-style platforms spanning governance, tax, education and CFO services – the areas Venturi itself had moved into. Mid-sized RIAs managing between $1 billion and $10 billion are under particular pressure to find partners, as they weigh succession planning, technology investment and scale against the benefits of remaining independent. Advisors and bankers also point to continued wirehouse breakaways and a pickup in cross-border activity, with US acquirers eyeing targets in Western Europe, Australia and New Zealand.