Corient has announced the acquisition of Stonehage Fleming and Stanhope Capital Group, boosting its assets under management to approximately $430 billion and reinforcing its position as the world's largest non-bank wealth manager.

Target Information

Corient, a prominent U.S.-based wealth management firm that operates as part of CI Financial, has recently announced the acquisition of two significant entities in the United Kingdom: Stonehage Fleming and Stanhope Capital Group. Stonehage Fleming, located in Jersey, is a well-established multi-family office managing an impressive $175 billion in assets. On the other hand, Stanhope Capital, based in London, contributes an additional $40 billion in assets under management (AUM). The total assets acquired through these deals amount to $214 billion, thereby propelling Corient’s overall AUM to approximately $430 billion.

This strategic move not only solidifies Corient's position as the largest non-bank wealth manager globally but also expands its operational footprint across Europe, the Middle East, and Africa. With these acquisitions, Corient is well-poised to enhance its service offerings to ultra-high-net-worth families worldwide, demonstrating a concerted effort to cater to an affluent clientele.

Industry Overview in the UK

The wealth management industry in the UK has shown substantial growth over the past decade, particularly in the ultra-high-net-worth (UHNW) segment. This growth has been fueled by increased demand for personalized and sophisticated financial services, which ca