Corient Acquires Paris-Based Letus Private Office As M&A Drive Rolls On

Tom Burroughes

30 June 2026

Corient has confirmed that it has agreed to buy Paris-based Letus Private Office, a multi-family office and wealth advisory firm serving clients in France and wider Europe. There had been media reports that a deal had been agreed.

The deal – the financial terms of which were not disclosed – is subject to closing conditions.

In acquiring Letus, Corient will obtain a firm founded in 2016 which has about €4.1 billion of assets. The business is led by managing partners Anice Chlagou, Stephen Lasry and Alexandre Tsouli and partner Sacha Levy.

Letus serves ultra-high net worth clients, primarily entrepreneurs and their families. Services include investment management, wealth and estate planning, financing, legal and tax support, and philanthropy. Letus also structures complex asset-based transactions – including real estate, art, hotels, vineyards, farms, aircraft, yachts and other property – by providing project management and assistance with financial and legal advice.

“Letus has built a dynamic and entrepreneurial firm that is redefining what exceptional family office service looks like for successful families and business owners,” Kurt MacAlpine, founding partner and CEO of Corient said.

Daniel Pinto, Corient partner and CEO for Europe, Middle East and Africa, added: “They have built an entrepreneurial firm that reflects the growing demand in France for independent wealth advice beyond the traditional banking model, making them an ideal fit for our partnership. The Letus team will considerably expand our existing capabilities in France, a key market in which we have been active for a number of years.”

Upon closing, Letus principals will become Corient Partners.

Buying spree
Corient has bought a raft of businesses. In April this year, for example, it acquired Europe’s Bedrock Group, managing SFr8.4 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.