{"id":615473,"date":"2026-06-01T16:02:09","date_gmt":"2026-06-01T16:02:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/615473\/"},"modified":"2026-06-01T16:02:09","modified_gmt":"2026-06-01T16:02:09","slug":"corient-hits-508b-in-client-assets-with-completion-of-uk-deals","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/615473\/","title":{"rendered":"Corient Hits $508B in Client Assets With Completion of UK Deals"},"content":{"rendered":"

Corient, the Miami-based registered investment advisor owned by the Mubadala Investment Company, has cleared $500 billion in client assets following the completion of its acquisitions of two U.K.-based advisory firms.<\/p>\n

Corient announced Monday that it had completed the acquisitions of Stonehage Fleming, a Jersery, U.K.-based firm overseeing $175 billion in assets, and Stanhope Capital Group, a London-based wealth manager with $40 billion in client assets. Corient had announced an agreement for the acquisitions<\/a> in September 2025.<\/p>\n

With the completion of the deals, Corient has about $508 billion in client assets, 300 partners and more than 2,200 employees. The firm is focused on ultra-high- and high-net-worth individuals, families and businesses, providing clients with cross-functional support teams.<\/p>\n

\u201cClients benefit from the full strength of the firm\u2014our integrated wealth management and family office capabilities\u2014supported by our global scale, resources and expertise,\u201d CEO Kurt MacAlpine said in a statement regarding the completed deal.<\/p>\n

Related:Deals & Moves: Carson Brings on LPL, Farther Advisors<\/a><\/p>\n

Corient was founded in 2020 as the RIA arm of Toronto-based investment and wealth manager CI Financial, of which MacAlpine is also the CEO. CI Financial was taken private last year<\/a> in a deal led by Mubadala Capital, an alternative asset manager owned by Mubadala Investment Co., an Abu Dhabi sovereign wealth fund.<\/p>\n

With the completion of its U.K. wealth firms, which also have U.S. clients, Corient aims to become one of the largest RIAs in America by wealth assets, alongside firms such as Creative Planning, Hightower, Mariner and Captrust.\u00a0<\/p>\n

According to Corient\u2019s most recent Form ADV, the majority of its assets were under discretionary management, though the new acquisitions are not included. Many of the largest RIAs count among their client assets tens to hundreds of billions in less lucrative, nondiscretionary assets under advisement for investments such as employer-based retirement plans.\u00a0<\/p>\n

Since being taken private, Corient has been on a tear of large acquisitions both in the U.S. and the U.K. In April, it announced a move to acquire Bedrock Group<\/a>, a $10.7 billion wealth manager with offices in Geneva, London, Monaco, and Lisbon. That came shortly after a deal it made with a Chicago-based employee-owned wealth manager, Vivaldi Capital, which has $5.6 billion in AUM.<\/p>\n

Also in April, Corient also announced plans to take over the Canadian businesses of its parent company, CI Financial. That includes about CA$10 billion ($7.3B) in client assets from CI Financial\u2019s previously acquired firms, Northwood Family Office and Coriel Capital, as well as select CI Private Wealth advisors, which will become Corient Partners<\/p>\n

Related:Schwab\u2019s Beatty Says Expanding Wealth Advice Not at Risk of \u2018Bumping Into\u2019 RIAs<\/a><\/p>\n

In addition to the U.S., Canada, and Europe, Corient also now has clients in Africa and Asia.\u00a0<\/p>\n

The only other large, non-bank RIAs in international markets include Focus Financial Partners, which has operations in Australia, and Creative Planning, which earlier this year completed a deal for London-based MASECO LLP<\/a>, adding 123 employees and over $5 billion in AUM to the Overland Park, Kan.-based RIA. In January, Creative Planning announced its first international deal with the purchase of Switzerland-based Baseline Wealth Management<\/a>.<\/p>\n

Industry consultants have said they expect more large RIAs to enter international markets in the coming months and years.<\/p>\n","protected":false},"excerpt":{"rendered":"Corient, the Miami-based registered investment advisor owned by the Mubadala Investment Company, has cleared $500 billion in client…\n","protected":false},"author":2,"featured_media":557451,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,4174,4175,56,54,55],"class_list":["post-615473","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-personal-finance","tag-personalfinance","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/615473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=615473"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/615473\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/557451"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=615473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=615473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=615473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}