Corient, the integrated wealth management firm that has become one of the industry's most aggressive consolidators, announced Wednesday it has agreed to acquire Capital Advisors, a Tulsa, Oklahoma-based registered investment advisor with $7.8 billion in assets under management. The deal marks Corient's first office in Oklahoma and extends its footprint across the South and Southwest, adding a 47-person team that has served wealthy families and institutions since 1978.
Corient, which now manages approximately $222 billion in client assets, has grown to more than 250 partners and over 1,400 employees since its founding in 2020. The acquisition of Capital Advisors is the latest in a series of moves that underscore the firm's dual-track expansion strategy: deepening its domestic presence while building an international platform.
"The addition of Capital Advisors gives Corient our first office in Oklahoma and significantly expands our client base across the South and Southwest," said Kurt MacAlpine, founding partner and chief executive officer. "The firm has an exceptional reputation as a premier wealth manager and their holistic approach fully aligns with Corient's commitment to providing comprehensive, personalized service."
Capital Advisors is led by Keith Goddard, chief executive officer, and Andy Brown, president. The firm, which has a presence in six states beyond its Oklahoma and Texas base, follows a team-based model to deliver customized financial planning and investment management. Principals of Capital Advisors will become Corient Partners upon closing, expected later this quarter. Goddard highlighted the opportunity "to enhance the client experience [with] a wide range of wealth management and family office services, including alternative investments, trust strategies, tax preparation and bill paying."
According to Echelon Partners' breakdown of the 2025 deal season, wealth management M&A reached an all-time high of 466 transactions last year, a 27.3% jump year-over-year. RIAs accounted for 73.6% of all deals, reinforcing the dominant role that firms like Corient play in driving sector consolidation. By Echelon's count, Corient completed seven transactions in the $1 billion-plus segment, ranking it among the top buyers in that category alongside Focus Financial Partners, Creative Planning, and Merchant Investment Management.
The Capital Advisors deal is a domestic addition, but Corient's ambitions extend well beyond U.S. borders. The firm has announced agreements to acquire three European firms – Stonehage Fleming, Stanhope Capital Group, and the Bedrock Group – which would give it a presence across Europe, the Middle East, and Africa. Those deals alone brought combined assets of approximately $215 billion into the Corient portfolio. Last month, Corient announced plans to formally enter the Canadian wealth management market, launching in June under its own brand with approximately C$10 billion in assets drawn from previously acquired firms Northwood Family Office and Coriel Capital, along with select CI Private Wealth advisors.
"Corient is moving with purpose and momentum," MacAlpine said of the Canadian entry. "In just six years, we have become the largest integrated wealth management firm in the US, are establishing a significant presence across EMEA, and are now entering Canada – not as a series of transactions, but as a deliberate global build."
Upon close and subject to regulatory approvals of all pending transactions, Corient anticipates managing approximately $470 billion in combined client assets globally – a figure it says would make it the world's largest non-bank, fee-only wealth manager and the largest multi-family office focused on ultra-high-net-worth clients. For context, the broader M&A environment remains robust, with firms like Osaic also navigating structural changes amid industry consolidation.
