Corient Acquires $7.8 Billion Capital Advisors, Adding First Oklahoma Office
Updated
Updated · Wealth Management · May 13
Corient Acquires $7.8 Billion Capital Advisors, Adding First Oklahoma Office
1 articles · Updated · Wealth Management · May 13
$7.8 billion in client assets will come to Corient through its acquisition of Tulsa-based Capital Advisors, a 47-employee RIA expected to close later this quarter.
The deal gives Corient its first Oklahoma office and broadens its reach across the South and Southwest, while Capital Advisors' principals will become Corient partners.
Capital Advisors, founded in 1978, is employee-owned and has a strong Texas presence plus footprints in seven other states, serving families and institutions with a team-based model.
Corient has been expanding rapidly: after a $10.7 billion Bedrock Group deal in April and planned CI Financial wealth transfers in Canada, it expects to oversee about $450 billion globally, up from $222 billion as of March 31.
As Corient's assets double to $450 billion, can its integration strategy keep pace with its aggressive acquisition spree?
With private equity fueling a record RIA merger frenzy, are we seeing strategic consolidation or the formation of a new bubble?