Caprock, a Boise, Idaho-based $16 billion multi-family office registered investment advisor, announced Tuesday that it had acquired Venturi Private Wealth, an Austin-based wealth manager with about $4 billion in assets under management. The transaction brings approximately 30 employees to Caprock, including 10 advisors, and expands the firm’s footprint in Austin and Oklahoma City, where Venturi…
I bought my first stock more than 45 years ago. Since then, I’ve lived through the crash of 1987 (Black Monday), the dot-com bubble, the Great Recession, and the post-pandemic inflation spike. Market cycles change, but one thing never does: human nature. In my four decades of watching people try to build wealth, I have…
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Higher-for-longer interest rates were once heralded as an attractive yield driver for private credit investors, but industry professionals say tighter monetary policy is becoming the sector’s next major stress point. Global central banks are grappling with renewed inflation pressures, following the energy squeeze caused by the Middle East war, which is raising the prospect of…
A private jet is cash-hungry, revenue-capable equipment. And like any asset, whether it belongs on the balance sheet comes down to variables you can model. I buy apartments for a living. I have more than $10 billion in transactions under my belt. Every building I buy has to clear the same bar: what it returns…
In this episode of Wealth Management Invest, David Bodamer speaks with Brian Moriarty, principal on Morningstar’s Manager Research Team, about the latest trends shaping the semiliquid fund market. Brian shares insights from Morningstar’s latest research, explaining why investor flows are shifting away from private credit toward private equity and venture capital, while exploring how changing…
In the past two weeks, Ford Motor Co. has recalled nearly 1 million vehicles — just as it launched a marketing campaign touting how it has moved its initial quality ranking to the top on one third-party survey. Ford grabbed the No. 1 spot among mainstream brands June 25 when JD Power’s Initial Quality Survey…
Companies with clear opportunities to continue growing at high rates can multiply your investment, especially if the stock’s valuation still looks reasonable relative to future earnings. Artificial intelligence (AI) and the rise of stablecoin adoption are two megatrends poised to create generational wealth. Nvidia (NVDA 3.23%) and Circle Internet Group (CRCL 4.75%) are two excellent…
Although investors have been worried about the high price tag that comes with artificial intelligence (AI) build-outs, they continue to reward companies that embrace the technology. One example of this on Monday was the venerable news and data company Thomson Reuters (TRI +5.18%), whose stock rose by more than 5% on news that it was…