Corient adds Paris multi-family office Letus as its European buying continues

At the end of June 2026, Corient agreed to acquire Letus Private Office, a Paris-based multi-family office and wealth advisory firm. It is the latest in a run of European deals that has made Corient the largest non-bank wealth manager and multi-family office focused on ultra-high and high-net-worth clients.

What Letus brings

Letus was set up in 2016 and works mainly with ultra-high-net-worth entrepreneurs and their families in France and elsewhere in Europe. It oversees and administers about €4.1 billion (roughly $5 billion), according to Private Banker International. Its services cover investment management, wealth and estate planning, financing, legal and tax assistance, and philanthropy.

The firm is led by managing partners Anice Chlagou, Stephen Lasry and Alexandre Tsouli, with partner Sacha Levy. Once the transaction closes, the Letus principals will become Corient Partners.

Tsouli said the firm had set out to “build a different kind of family office”, one that combined technical depth with a personal approach, and that Corient offered resources and global reach without changing those values. Corient chief executive Kurt MacAlpine described Letus as “a perfect fit” and pointed to its relationships in the French market.

The pattern

The Letus deal does not stand alone. Earlier in 2026, Corient completed its purchases of Stonehage Fleming and Stanhope Capital Group, giving it operations across Europe, the Middle East and Africa. It has also agreed to buy Bedrock Group, a Geneva multi-family office with about $10 billion in client assets.

Corient was founded in 2020. It now has more than 300 partners and over 2,500 employees, with approximately $523 billion under management worldwide for wealthy individuals, families and businesses. That growth has come almost entirely through acquisition, and the pace has not slowed.

For readers tracking the European advisory market, the direction is clear. Independent multi-family offices that spent a decade building reputations with a specific client base are being folded into a single, much larger platform. Letus is a French example of a story that has already played out in London, Geneva and beyond.

The client question

The families served by Letus now face the question every client faces when their adviser is bought: will the relationship feel the same? Corient’s model keeps acquired principals on as partners, which is meant to preserve continuity of the people clients actually deal with. Whether the day-to-day service inside a $500-billion-plus firm matches what a founder-led office of that size offered is something each family will judge for itself.

There is a structural point worth noting too. A firm that has assembled Stonehage Fleming, Stanhope, Bedrock and now Letus in the space of a year is running an integration programme of real complexity behind the scenes. Systems, reporting, investment platforms and compliance all have to be brought together. Clients rarely see that work, but it shapes the service they receive.

Why it matters for the sector

Consolidation in the multi-family office space is not new, but the scale and speed here are. For families choosing an adviser, the practical lesson is to ask who owns the firm, what its acquisition history is, and how independence is protected in writing. A well-regarded name on the door tells you less than it used to about who stands behind it.

Sources: Private Banker International, Corient, InvestmentNews.