The latest corporate moves, including mergers and acquisitions, within the North American wealth management sector.

US wealth manager Corient Capital Partners, overseeing $3.1 billion of assets, has formed a strategic alliance with Merchant Investment Management. 

Merchant, which has made a minority, non-controlling investment in Corient, will provide capital to help Corient accelerate enterprise, professional leadership and platform growth, the organizations said in a statement. 

“Corient has been one of the fastest-growing wealth management firms since the company’s founding in 2015,” James Rooney, CEO of Corient, said.

Corient serves families, business owners, public company executives, private foundations and professional athletes. Based in Newport Beach, the firm operates nationwide. Merchant, meanwhile, is based in New York City.