A historic turning point in international wealth management
On September 2, 2025, the financial world saw 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 aim: to create the world'sleading independent non-bank wealth manager, with over $430billionin assets under management and a presence in 12 jurisdictions.
Meeting the expectations of ultra-high-net-worth clients
This merger marks a new stage in the industry's evolution: ultra-high-net-worthfamilies and institutions(UHNW) arenow looking forglobal,independent,integratedsolutionsranging from portfolio management andprivateinvestment to family office andstrategicadvisory services.
The newentity will bring together more than 2,500 employees and offer comprehensive expertise:
- Corient: US leader in wealth management advisory services (USD216billion )
- Stonehage Fleming: international family office and fiduciaryspecialist (USD175bn)
- Stanhope Capital: multi-asset management and merchant banking (USD40bn )
Shared values, entrepreneurial DNA
Beyond the figures, this merger is based on shared values: excellence of service,absence of conflicts ofinterestthanks toindependence, and stable governance (privateshareholding,partnershipmodel ).
The new organization, whichwill operate under the Corient brandupon completion, expected in the first half of 2026, will be led by an experienced management team, including Kurt MacAlpine (CEO Corient), Daniel Pinto (Stanhope Capital), Giuseppe Ciucci and Stuart Parkinson (Stonehage Fleming).
What are the implications for the sector?
- Change of scale: the critical size of the new group could accelerate consolidation in independent wealth management , where demand for international "one-stop shop"platforms is exploding.
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Integration of services: a single structure for asset management , advisory services, family office and non-listed investments, serving the needs of increasingly global and sophisticated clients.
- Capacity for innovation: stable governance, complementary expertise and a presence in major financial centers provide the ideal framework for developing new services (digitalization, impact, ESG, private markets, etc.).
Keyfigures
- USD430billion in assets under management
- 2,500 employees
- 12 jurisdictions covered
- 1st half 2026: scheduled completion
Key facts
This historic merger positions Corient as the benchmark partner for the most demanding families and institutions, at a time when the industry is accelerating its transformation towards greater globalization, personalization and innovation.