US-based wealth advisor Corient is boosting its global expansion push through the acquisition of two major European wealth management firms: Stonehage Fleming and Stanhope Capital Group.
Stonehage Fleming was formed through the 2014 merger of Fleming Family and Partners and international family office Stonehage, and with over $175 billion in combined assets and offices in 12 jurisdictions, the firm offers services including wealth and investment management, governance and succession planning, and legal and tax advice.
Stanhope Capital Group, founded by chairman and CEO Daniel Pinto in 2004, provides services across wealth management, consulting, merchant banking, and private investments as one of Europe’s largest independent wealth management and advisory firms, with around $40 billion in assets.
The group comprises LGL Partners, Optima Asset Management, Forbes Family Trust owner FWM Holdings (merged in 2021), and Luxembourg-based Arche Associates (merged in 2022). It employs around 160 people across offices in London, Luxembourg, Geneva, Paris, New York, Philadelphia, Palm Beach, and Boston.
Corient says the purchase of the two firms will be funded with “an equity contribution” and expects to close the deal in H1 2026. While the full terms of the transaction have not been disclosed, Stonehage Fleming minority investor Caledonia Investments announced this week that, alongside other shareholders, it has agreed terms to sell its 36.7% stake in the firm to Corient for up to £288 million in cash. This includes an upfront payment of £251 million alongside a further £37 million payment.
Once closed, the two firms will operate under Corient’s global wealth management business, which will consist of Corient Private Wealth and a newly formed international division housing both Stonehage Fleming and Stanhope Capital Group.
Together, Stonehage Fleming and Stanhope Capital will bring more than $214 billion in client assets to Corient, with Stonehage Fleming executive chairman Giuseppe Ciucci transitioning to become partner and chairman of Corient’s international business, while Pinto will move to serve as partner and CEO.
Stuart Parkinson, currently CEO of Stonehage Fleming, will take on the role of partner and president of Corient’s international business, and Keith Bloomfield will shift from his position as founder and CEO of FFT Management to join as partner and vice chairman.
All these executives, along with key members of their management teams from Stonehage Fleming and Stanhope Capital, will become partners and significant equity holders in the newly expanded Corient, with Ciucci and Pinto also securing positions on the firm’s global board of directors.
Corient says the acquisitions mark “a significant expansion” of its reach globally, and will work to further establish its presence in Europe, the Middle East, and Africa with a specific focus on serving ultra-high-net-worth (UHNW) families.
Source: https://www.fintechfutures.com/
