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Corient Tight-Lipped About Reported French MFO Deal
The organisation, which has been on an acquisition spree, was reported to have acquired another business, this time in France.
Corient, a US-based wealth management group which has bought a number of Europe-based businesses, was tight-lipped at the weekend about a media report saying that it has acquired the French multi-family office LetUs Private Office.
A report on 26 June in Citywire said that such a transaction had taken place.
When asked about the matter, Miami-headquartered Corient, declined to comment.
Corient has bought a raft of businesses. In April this year, for example, it acquired Europe’s Bedrock Group, managing SFr8.4 billion ($10.4 billion) in client assets. Corient seems determined to flex its transatlantic multi-family office/wealth management muscles, having acquired Stonehage Fleming and Stanhope Capital last year. The acquisition is part of a wider move by North American firms to buy into the non-US wealth story, as seen by Creative Planning’s recent MASECO purchase, for example, or Nuveen’s acquisition of Schroders.
In September 2025, Corient announced that it was buying Stonehage Fleming and Stanhope Capital. In January 2026 it bought Palo Alto Wealth Advisors, a Palo Alto, California-based RIA with $766.7 million in AuM. In the same month, Corient acquired US-based Geller’s multi-family office business. Last autumn, it bought Bristlecone Advisors, a Bellevue, Washington-based RIA. Bristlecone, which was founded in 1999, has about $2 billion in assets under management. It also bought Messick Peacock & Associates in Dallas.
Shortly after the Stanhope Capital and Stonehage Fleming deals, Corient snapped up Breed’s Hill Capital, a Boston-based MFO with about $3.5 billion in assets under management. See another deal here.
In August 2023, Canada's CI Financial rebranded its CI Private Wealth business under the Corient brand. This wealth management group has grown rapidly by acquiring a mass of RIAs in the US and Canada, starting in 2020. In November 2024, CI Financial was taken private in a deal backed by Abu Dhabi-based Mubadala Capital.