Corient to acquire Oklahoma RIA Capital Advisors

Corient has agreed to acquisition Capital Advisors, a Tulsa, Oklahoma-based RIA overseeing $7.8bn successful assets.

Founded successful 1978, Capital Advisors is employee-owned and is headed by main enforcement Keith Goddard and president Andy Brown.

Capital Advisors offers tailored fiscal planning, concern oversight and different wealthiness absorption services to families and institutions, with 47 fiscal professionals.

In summation to Oklahoma, it has a beingness successful Texas and six different states.

Goddard said: “Corient’s backstage concern exemplary was the cardinal origin successful our determination to articulation the firm, arsenic it reflects the values that thrust Capital Advisors – integrity, teamwork, and dedication to our clients.

“Corient allows america to heighten the lawsuit acquisition by gaining entree to a wide web of expertise and a wide scope of wealthiness absorption and household bureau services, including alternate investments, spot strategies, taxation mentation and measure paying.”

Capital Advisors’ principals are acceptable to go Corient partners erstwhile the transaction completes, which is anticipated aboriginal this quarter.

Corient CEO and founding spouse Kurt MacAlpine commented: “The summation of Capital Advisors gives Corient our archetypal bureau successful Oklahoma and importantly expands our lawsuit basal crossed the South and Southwest.

“The steadfast has an exceptional estimation arsenic a premier wealthiness manager and their holistic attack afloat aligns with Corient’s committedness to providing comprehensive, personalized service. Keith and his squad volition beryllium a tremendous summation to the Corient partnership.”

Last month, Corient agreed to get Bedrock Group, a European wealthiness manager and multi-family bureau with offices successful Geneva, London, Monaco and Lisbon.

Corient has besides announced deals for 3 European wealthiness absorption businesses: Stonehage Fleming, Stanhope Capital Group and Bedrock Group. These transactions would springiness the steadfast a footprint crossed Europe, the Middle East and Africa.

Upon adjacent and taxable to regulatory support of these and different transactions, Corient anticipated combined lawsuit assets of astir $470bn.

Established successful 2020, Corient present has much than 250 partners and upwards of 1,400 employees, with astir $222bn nether absorption arsenic of 31 March 2026 for ultra-high- and high-net-worth individuals, families and businesses crossed the US.

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