Corient

Corient announced another blockbuster registered investment advisor acquisition on Wednesday. The Miami-based RIA owned by Mubadala Investment Company said it reached a deal to acquire Summit Trail Advisors, a New York-based RIA overseeing $21 billion in client assets, with a focus on ultra-high-net-worth individuals and families, as well as some institutional business. The deal is expected to close in the third quarter. The deal will see New York-based Summit Trail leave the Dynasty Financial Partners Network, which it joined in 2015 when a group of former Barclays advisors left to form their own RIA.

Senior team leaders, led by co-founder and Managing Partner Jack Peterson, will become partners in Corient as part of the move, with the firm adopting the Corient brand name. “Corient was the clear choice for our firm and, most importantly our clients,” Petersen said in a statement. 5B Hightower Affiliate Joins Signature Wealth Division In addition to its assets and client base, Summit Trail will bring Corient expertise in outsourced family office and chief investment officer services, working across wealth, estate planning and investment management in public and private markets and a team-based approach that aligns with Corient’s model, according to the announcement.

S. markets, including New York, Boston, Chicago, Dallas, Denver, Minneapolis, San Francisco and Seattle. “The decision by a firm of Summit Trail’s caliber to join Corient serves as meaningful validation of our firm’s quality and the differentiated value of our private partnership structure and business model,” said Kurt MacAlpine, founding partner and CEO of Corient, in a statement. MacAlpine has previously touted Corient’s private partnership model, which mirrors that of other professional services firms and now includes 300 partners and over 2,700 employees.

S. wealth business of Toronto-based CI Financial, which has wealth and asset management businesses in Canada. CI Financial was taken private in 2025 by Abu Dhabi-based Mubadala Capital . S. , Corient is now among the largest RIAs in the world with about $556 billion in assets under management and administration. 9 billion in assets under management. -based advisory firms overseeing a combined $175 billion in assets, a deal the RIA had been working on since September 2025. 1B Tax-Focused RIA Sachetta Summit Trail itself had been an acquisitive firm as a Dynasty RIA.