Corient, the integrated wealth management firm that has become one of the industry's most aggressive consolidators, announced it has agreed to acquire Capital Advisors, a Tulsa, Oklahoma-based registered investment advisor with $7.8 billion in assets under management.
The deal unveiled on Wednesday marks Corient's first foray into Oklahoma and extends its footprint across the South and Southwest, adding a 47-person team that has served wealthy families and institutions since 1978.
The transaction is the latest move in a remarkably active expansion campaign by Corient, which now manages approximately $222 billion in client assets and has grown to more than 250 partners and over 1,400 employees since its founding in 2020.
"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. Keith and his team will be a tremendous addition to the Corient partnership."
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 — an approach that aligns closely with Corient's own operating philosophy. Principals of Capital Advisors will become Corient Partners upon closing, expected later this quarter.
Apart from Corient's private partnership model, 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."
Operating as a fiduciary, fee-only firm, Corient structures itself similarly to major professional services partnerships, where clients gain access to the full depth of the firm rather than relying on a single advisor relationship.
"At Corient, partnership is fundamental to our approach," MacAlpine said. "Our model fosters close collaboration across an experienced team, enabling us to deliver a seamless and elevated experience with each interaction."
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 – the fastest growth rate in a decade outside 2021. 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 US 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. The expansion will begin 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 who will join as Corient Partners.
"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.
UBS has a history of costly litigation stemming from the sale of volatile investment products.
New director David Woodcock puts firms on notice over fees, conflicts, and liquidity risk as private credit shows signs of stress.
Advisors can help “separate the math from the emotion” when it comes to retirement, says JPMorgan’s Michael Conrath.
New product gives advisors a structured way to introduce themselves to clients' heirs before assets change hands.
Osaic has also reeled in another LPL team in North Carolina, while Raymond James' FNBO program gains momentum with a $515 million duo in Kansas City, Missouri.
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
Ultra-high-net-worth investors aren’t retreating from risk. They're redefining it, balancing safety with selective conviction
