Acquisition-Hungry Corient Snaps Up Another Business

Tom Burroughes

10 April 2026

Corient, expanding rapidly by a series of large M&S deals, said yesterday that it has acquired $5.6 billion AuM Vivaldi Capital Management, a Chicago-headquartered RIA for an undisclosed sum.

Vivaldi, founded by David Sternberg and Randal Golden, serves high net worth and ultra-HNW clients.

The firm’s principals will become Corient partners when the deal is wrapped up, and that is expected to occur during the second quarter of this year, Corient said in a statement.

“David and Randal have built an impressive business defined by strong growth and enduring client relationships. They also share our conviction in the important role alternatives should play in ultra-high net worth portfolios, and we’re confident they will be a valuable addition to the Corient Partnership,” Kurt MacAlpine, founding partner and CEO of Corient, said.

Miami-headquartered Corient includes more than 250 partners and has more than 1,400 employees managing approximately $227 billion in the US. In September 2025, Corient said it was buying UK-based Stonehage Fleming and Stanhope Capital Group. These transactions will add about $220 billion in assets to Corient, giving it a footprint across Europe, the Middle East and Africa. Those deals were examples of the kind of transatlantic transactions that have become quite a feature of wealth management in recent years. At the start of this year, for example, US-headquartered Nuveen said it was buying Schroders, a UK-listed wealth and investment management group.

The pace of acquisitions has been brisk. 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 fall, 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 a mass of acquisitions 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.