US wealth manager targets Canadian ultra-rich with $10 billion Canada expansion

Firm brings partnership model and $650 billion platform as it enters Canada in 2026

US wealth manager targets Canadian ultra-rich with $10 billion Canada expansion

Corient plans to enter Canada in June with about $10bn in client assets, targeting ultra-high-net-worth families through a non-bank, multi-family office model. 

The firm intends to launch under its own brand, subject to regulatory approvals, drawing on assets from previously acquired firms Northwood Family Office and Coriel Capital, as well as select CI Private Wealth advisors who will move to Corient Partners. 

On completion of its announced deals, Corient expects to manage and administer about $650bn in client assets globally. 

Founding partner and CEO Kurt MacAlpine said the move targets the upper tier of the Canadian wealth market, which he views as underserved by independent global firms. 

The firm operates as a fiduciary, fee-only wealth manager under a private partnership structure. Corient says the integrated partnership is designed to minimise internal conflicts and promote collaboration among partners. 

Its Canadian offering will mirror its broader platform, including investment management with selected alternative strategies and wealth planning services such as wealth transfer, multi-generational planning, and trust and estate planning

Corient will also provide family office services including tax planning, personal CFO support, lending and concierge services, such as private aviation and art management. 

The firm focuses on business owners, corporate executives, athletes and entertainers, entrepreneurs and founders, as well as foundations and endowments, and it emphasizes cross-border planning for Canadians with assets and interests in multiple jurisdictions. 

The Canadian launch forms part of Corient’s international expansion.  

The firm has announced agreements to acquire European wealth managers Stonehage Fleming, Stanhope Capital Group and the Bedrock Group, transactions that would extend its presence across Europe, the Middle East and Africa. 

Subject to regulatory approvals and deal closings, Corient expects these moves to position it as one of the largest non-bank, fee-only wealth managers globally and a major multi-family office focused on ultra-high-net-worth clients, with anticipated combined client assets of about $650bn. 

MacAlpine framed the expansion, including the Canadian entry, as part of a broader global build rather than a collection of standalone deals. 

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