Yesterday, Corient announced that it was buying Northeast Financial Consultants, a Connecticut-based RIA with $4.5 billion in AuM. Northeast Financial was founded in 1983. 

The acquisition represents Corient’s first location in Connecticut, the firm said in a statement. 

Houlihan Lockey served as the exclusive financial advisor to Northeast Financial Consultants. Financial terms were not disclosed.

Earlier in September, Corient announced that it had acquired Breed’s Hill Capital, a Boston-based MFO with about $3.5 billion in assets under management.

Corient, a business founded in 2020 by Canadian parent group CI Financial’s foray into US wealth management via a major acquisition spree, had $216 billion of assets for ultra-HNW and HNW clients as of July 31, 2025. The Corient brand was established in 2023.

In early September, Corient acquired Stanhope Capital and Stonehage Fleming, two UK-based multi-family offices predominantly serving UHNW clients. Stonehage Fleming and Stanhope Capital will bring more than $214 billion in client assets to Corient.

Corient’s parent, CI Financial, has been taken private, having been previously listed in Toronto. It is now owned by an affiliate of funds managed by Mubadala Capital, an Abu Dhabi-based sovereign wealth fund.

For more analysis of Corient’s M&A strategy and that of its CEO and partner, Kurt MacAlpine, see here.