Expanding its reach with strategic acquisition

  • Caprock makes first acquisition, buying $2.2 billion Chicago RIA
  • Caprock to acquire Grey Street Capital, a Chicago-based wealth management firm
  • Combined entity will have over $11 billion in assets under advisement
  • Caprock had $6.9 billion of regulatory assets under management
  • Grey Street had $1.7 billion of client assets

Caprock, a large registered investment advisor, has announced its first acquisition. The firm is acquiring Grey Street Capital, a Chicago-based wealth management firm that advises on $2.2 billion in client assets. This acquisition will create a combined entity with over $11 billion in assets under advisement. Caprock currently manages $6.9 billion of regulatory assets, while Grey Street manages $1.7 billion of client assets.

Factuality Level: 8
Factuality Justification: The article provides factual information about Caprock’s acquisition of Grey Street Capital, including details about the deal and the combined assets under advisement. There are no obvious signs of bias, misleading information, or sensationalism.
Noise Level: 2
Noise Justification: The article provides relevant information about Caprock’s acquisition of Grey Street Capital, including details about the deal and the combined entity’s assets under advisement. The article stays on topic and does not contain irrelevant or misleading information. However, the article ends abruptly, suggesting that there may be more content that was cut off.
Financial Relevance: Yes
Financial Markets Impacted: The acquisition of Grey Street Capital by Caprock may impact the financial markets and companies involved in the wealth management industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article pertains to financial topics as it discusses the acquisition of Grey Street Capital by Caprock, two wealth management firms. This acquisition may have implications for the financial markets and companies in the wealth management industry.
Private Companies: Caprock,Grey Street Capital
Key People:

Reported publicly: www.barrons.com