RIA moves: Caprock expands Tri-State Area presence with New NJ location

Caprock, the top-ranked RIA that offers OCIO services to ultra-wealthy families and single-family offices, has announced a major move in the Tri-State Area, while Composition Wealth and Lenox Advisors each make key additions to their leadership.

Caprock opens larger Livingston office to anchor East Coast growth

Caprock, which oversees more than $16 billion in assets for 435 wealthy families, has opened a larger office in Livingston, New Jersey, to anchor its East Coast presence and support growth around the New York metro area. 

Greg Brown, co-CEO at Caprock, framed the move as part of a broader push to deepen services for complex client needs in a key wealth hub.

"Caprock continues to elevate and expand its capabilities to serve the complex needs of ultra-high-net-worth families. Strengthening our investment and advisor teams in the locations close to our clients and parters is central to that mission," Brown said in a statement, casting the New York area as “a critical hub for our industry and global center for talent, partners and capital markets intelligence.”

The Livingston office will be home to a core group of investment and advisory leaders. They include:

• Chief investment officer Vivek Jindal, who joined the firm last June;
• Director, client advisor Tim Simon, who brings experience in financial analysis, deal structuring and capital markets;
• Director of public markets Ryan Smith, who focuses on public securities strategies; and
• Director of impact investments Sophie Kelly, who underwrites impact-related funds and directs work with impact-focused clients.

Livingston and nearby communities have seen “strong residential and business growth in recent years,” Simon said, driven in part by ultra-high-net-worth families “considering a change in city life.”

Composition Wealth hires Meghan McCartan as chief marketing officer

In Los Angeles, Composition Wealth is bolstering its executive ranks with the appointment of industry veteran Meghan McCartan as chief marketing officer. The national RIA has more than $10 billion in assets and 125 employees, with teams in markets including Baltimore, Chicago, Columbus, New York, San Diego, San Francisco and Seattle.

McCartan, who joined at the end of January, previously served as chief marketing officer at Hightower Advisors and has more than 25 years of experience across the RIA, wealthtech and custodian segments. Beyond McCartan's exit, Hightower welcomed an additional chief compliance officer, Bob Lavigne, from Edelman Financial Engines last month.

At Composition Wealth, she is tasked with building digital-first marketing strategies to help advisors grow their practices while extending the firm’s brand as a business partner to high-net-worth-focused advisors.

“Our addition of a C-suite leader of Meghan’s caliber to our firm is part of a broader deepening of our management team and the next phase of our growth vision,” said Composition Wealth CEO Nate Angelo. He said the firm plans to tap her experience as it steps up both organic and inorganic growth initiatives.

McCartan said she was “extremely precise and deliberate” in choosing her next role and was drawn to Composition’s vision and culture. She said the firm’s “straightforward, no-jargon culture and collaborative team approach for how financial advisors serve clients is refreshing” and added that she is looking forward to helping advisors tell their stories in ways that create new engagement opportunities.

Lenox Advisors adds Susan Owens to lead financial planning strategy

In New York, Lenox Advisors is expanding its financial planning leadership with the hire of Susan Owens as senior vice president, financial planning. The wealth and insurance advisory firm, an affiliate of NFP and part of Aon, said Owens will focus on strengthening its planning infrastructure and advisor support.

Owens brings more than three decades of experience in advisor training, technology integration, and planning strategy. She most recently led enterprise-wide financial planning initiatives at Osaic, supporting 10,000 independent advisors across eight broker-dealers, and previously held senior roles at First Command Financial Services, USAA and UBS.

“Susan’s appointment reinforces our dedication to providing exceptional support to financial planning services for our advisors to help them serve the needs of their clients,” said Greg Large, president of Lenox Advisors.

He said her background in scalable planning programs, advisor training, and technology aligns with the firm’s “Clients for Life” philosophy as it expands wealth and risk management capabilities.