Caprock, a $13 billion multi-family office registered investment advisor, is pushing to expand its acquisition and recruiting efforts by hiring Frank Giuliano to a new position as head of corporate development.
Giuliano joins Caprock in Boise, Idaho, from his previous role as vice president of corporate development at LPL Financial. He worked there for more than four years and helped launch the company’s liquidity and succession programs.
Giuliano is leaving the broker/dealer world to lead M&A strategy for Caprock, an only recently acquisitive RIA that has grown its assets by nearly $10 billion from a base of $3.6 billion in 2020, according to data from RIA Growth Catalyst.
His new position will entail expansion in new and existing markets through acquisition and recruiting.
“While Caprock is committed to growing, we are relentlessly focused on finding firms or individual professionals who enhance the quality of our offering to our clients,” Caprock Co-CEO Bill Gilbert said in a statement. “ Frank shares our vision and mindful approach. He has experience in evaluating opportunities that align with our client’s needs, and we look forward to working closely with him.”
Caprock made its first acquisition in 2024 when it brought on Grey Street Capital, a Chicago-based advisory with $2.2 billion in client assets.
The firm operates as an outsourced chief investment officer and chief financial officer for 400 wealthy families from offices in cities including Boise, Chicago, Denver, New York, San Jose and Seattle.
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