US-based wealth advisor Corient has agreed to acquire UK wealth management firms Stonehage Fleming and Stanhope Capital Group.
The addition of these firms will bring an excess of $214bn in client assets under Corient’s management and extend its operational footprint into Europe, the Middle East, and Africa.
The combined group will manage around $430bn in client’s assets for ultra-high-net-worth wealth families and institutions.
The deals, which are being funded through equity contributions, are slated for completion in the first half of 2026.
Corient’s model, which includes ownership and operation by more than 260 Partners, will now be applied to the newly acquired international entities.
Stonehage Fleming, with assets exceeding $175bn and a presence in 13 jurisdictions, provides specialised services such as cross-border structuring, wealth and investment management and succession planning.
Stanhope Capital, established by Daniel Pinto in 2004, manages nearly $40bn in assets and offers a suite of services including wealth management and merchant banking.
Included in the deal is Stanhope Capital’s subsidiary, FWM Holdings, which operates FFT Wealth Management, a firm servicing UHNW families both in the US and internationally.
Post-acquisition, the combined entity will continue operations globally under the Corient brand.
Giuseppe Ciucci of Stonehage Fleming will take on the role of partner and chairman, while Stanhope Capital’s Daniel Pinto will become partner and CEO of Corient’s international business.
Stuart Parkinson, CEO of Stonehage Fleming, will assume the position of partner and president of the international division.
These leaders, along with their executive teams, will join the global Board of Directors at Corient and become equity stakeholders.
Corient CEO and partner Kurt MacAlpine said: “With this expansion, Corient becomes the world’s largest independent advisory firm focused on the holistic needs of ultra-high-net-worth and high-net-worth clients. This combination of three storied firms creates a truly global wealth manager and multi-family office with formidable resources and deep expertise in serving the world’s wealthiest individuals and families.”
MacAlpine added: “By integrating the strengths of each organisation, Corient will be able to deliver seamless, end-to-end service to clients anywhere in the world – in a way that doesn’t exist today.
“Furthermore, our advantage extends beyond capabilities to how we deliver them. Under our international partnership, which will consist of more than 300 firm owners aligned under one vision, we’re building a new type of wealth management firm, one that is global, collaborative and evolving to meet the dynamic needs of sophisticated clients.”
