Corient Makes Another Wealth Acquisition

Editorial Staff

3 October 2025

As a new month gets into gear, acquisition-hungry Corient makes another deal with the purchase of Bristlecone Advisors, a Bellevue, Washington-based RIA. Bristlecone, which was founded in 1999, has about $2 billion in assets under management.

Miami-headquartered Corient did not disclose the financial terms of the transaction. Cambridge International Partners advised Bristlecone on the deal.

As reported here, in early September, Corient said it was buying two European multi-family offices, Stonehage Fleming and Stanhope Capital. And a few days later, it said it had bought Breed’s Hill Capital, a Boston-based MFO with about $3.5 billion in assets under management. In January this year, Corient acquired US-based Geller’s multi-family office business.

“Since our founding, Bristlecone has served as a trusted partner and personal CFO for ultra-high and high net worth families,” Kevin Berry, partner, managing member and chief compliance officer at Bristlecone, said. “To continue meeting the evolving needs of our clients, we recognized the importance of bolstering our service offering and operational capabilities.”

The Corient business was created from Canada-headquartered CI Financial’s drive to buy a raft of mostly US wealth management firms, starting in 2020. This led to the creation of a standalone US wealth management firm, rebranded in 2023 as Corient, which now has more than 260 partners and 1,300 employees managing more than about $216 billion for UHNW and HNW clients, firms and families in the US.

In May 2023, CI Financial closed its previously-announced sale of a 20 per cent minority investment in its US wealth management business.