A historic milestone in international wealth management
On September 2, 2025, the financial world witnessed the birth of a new giant: Corient, one of the largest wealth management advisors in the United States, formalized its merger with Stonehage Fleming and Stanhope Capital Group. The goal: to become the world’s leading independent non-bank wealth manager, with over $430 billion in assets under management and a presence in 12 jurisdictions.
A response to the expectations of ultra-high-net-worth clients
This merger marks a new stage in the sector’s evolution: ultra-high-net-worth (UHNW) families and institutions today seek comprehensive, independent, and integrated solutions ranging from portfolio management to private investment, including family office and strategic advisory services.
The new entity will bring together more than 2,500 employees and offer comprehensive expertise:
- Corient: U.S. leader in wealth management advisory (USD 216 billion)
- Stonehage Fleming: international family office and trust specialist (USD 175 billion)
- Stanhope Capital: multi-asset management and merchant banking (USD 40 billion)
Shared values, an entrepreneurial DNA
Beyond the numbers, this merger is based on shared values: service excellence, the absence of conflicts of interest thanks to independence, and stable governance (private ownership, partnership model).
The new organization, which will operate under the Corient brand upon completion expected in the first half of 2026, will be led by a team of experienced executives, including Kurt MacAlpine (CEO of Corient), Daniel Pinto (Stanhope Capital), Giuseppe Ciucci and Stuart Parkinson (Stonehage Fleming).
What are the implications for the sector?
- Change of scale: the critical mass of the new group could accelerate consolidation in independent wealth management, where demand for international “one-stop shop” platforms is exploding.
Service integration: a single structure for asset management, advisory services, family office, and private equity, serving the needs of increasingly global and sophisticated clients.
- Innovation capacity: stable governance, complementary expertise, and a presence in major financial centers provide an ideal framework for developing new services (digitalization, impact investing, ESG, private markets, etc.).
Key figures
- $430 billion in assets under management
- 2,500 employees
- 12 jurisdictions covered
- First half of 2026: expected completion
Key Takeaways
This historic merger positions Corient as the partner of choice for the most discerning families and institutions, at a time when the sector is accelerating its transformation toward greater globalization, personalization, and innovation.
