Corient buys Stonehage Fleming and Stanhope Capital. The combined group manages $508 billion.
The largest independent UHNW wealth manager in the world now exists. Corient completed its acquisitions of Stonehage Fleming and Stanhope Capital on 1 June 2026.
On 1 June 2026, US-based Corient completed its acquisitions of Stonehage Fleming and Stanhope Capital Group. The combined entity now manages approximately $508 billion in client assets, making it the largest non-bank wealth manager and multi-family office in the world focused on ultra-high and high-net-worth clients.
The deal was first announced in September 2025. It has taken nine months to close, during which both firms continued to operate independently.
The numbers
Stonehage Fleming and Stanhope Capital together brought more than $214 billion in client assets to Corient. The combined firm now has over 300 partners and more than 2,200 employees, with operating offices in the US, Canada, Europe, Africa, and Asia. Headquarters are split between Miami and London.
Corient itself was established in 2020. Kurt MacAlpine is the founding partner and chief executive.
The leadership structure
Giuseppe Ciucci, who was executive chairman of Stonehage Fleming, became a partner and chairman of the combined group. He joins Corient’s global board.
Daniel Pinto became partner and CEO of Corient’s international business. Stuart Parkinson, who was CEO of Stonehage Fleming, became partner and president of the international business. Both Ciucci and Pinto sit on the global board.
What it means for the sector
The multi-family office landscape has been consolidating for years, but this deal is a different order of magnitude. Stonehage Fleming was one of the longest-established names in European family office advisory, with roots going back to the Fleming family (of Ian Fleming and Robert Fleming fame) and the Oppenheimer family’s Stonehage group. Its client base spans European, African, and Middle Eastern families. Stanhope Capital brought additional strength in investment management and advisory for institutional-grade family portfolios.
Combining both with Corient’s US footprint creates something that did not previously exist: a single independent firm with genuine multi-continental reach across the UHNW segment. Whether that scale translates into better service or just more complexity is the question every client will be asking.
The client question
For the families currently served by Stonehage Fleming and Stanhope Capital, the immediate question is continuity. Will the same people advise them? Will the same standards apply? Will the relationship feel the same inside a $500 billion firm as it did inside a $100 billion one?
Corient says yes. It has framed the acquisition as additive, not disruptive. But integration of this size always involves trade-offs, and the families who chose Stonehage Fleming or Stanhope specifically because of their independence and scale will be watching closely.
The firm also recently received regulatory approval for Canadian expansion, suggesting the consolidation phase is not finished.
