Corient, one of the largest and fastest-growing national wealth advisors in the U.S., announced it acquired the multi-family office business of Geller & Company (Geller MFO). And Geller MFO is a premier New York City-based multi-family office with $10.4 billion in assets under management and advisement. This move reinforces Corient’s presence in one of the nation’s largest markets and deepens the firm’s family office capabilities.
Geller & Company was founded in 1984 by Martin Geller, a pioneer in the multi-family office industry. And Geller MFO offers a bespoke family office experience to ultra-high-net-worth (UHNW) individuals and families through a sophisticated, integrated family office platform that includes personal CFO and financial management, tax advisory and compliance, estate and generational wealth planning, financial reporting and accounting, and integrated investment management. In joining Corient, the Geller MFO team and its clients will gain access to a differentiated technology platform, operational, regulatory, and compliance infrastructure, expanded investment capabilities, enhanced trust services, significant scale, and increased capital.
Corient is a fiduciary and fee-only wealth management firm distinguished by its private partnership model, which is similar to that of leading professional services firms. And this approach fosters collaboration and teamwork in pursuit of the shared vision to deliver unrivaled client excellence. Since its founding in 2020, Corient has grown rapidly. Today, it has over 240 partners and over 1,200 workers managing approximately $182 billion in assets for high-net-worth and ultra-high-net-worth individuals, families, and businesses across the United States.
KEY QUOTES:
“The fact that a firm of Geller’s stature has chosen to join Corient speaks to the tremendous quality of our firm and the value of our differentiated private partnership structure and business model. I’m excited to welcome Marty Geller as a leader in our MFO business and his highly experienced team. We look forward to adding their significant tax and CFO expertise and other capabilities to our own, further enhancing our ability to provide clients with bespoke wealth management solutions that go beyond traditional wealth advisement.”
- Kurt MacAlpine, Partner and Chief Executive Officer of Corient
“The Geller team has always put our clients at the center of everything we do – delivering objective advice and services as well as building lifelong relationships through the exceptional talent of our team and collaborative, high performance culture. We have been incredibly impressed with Corient and how its core strengths and culture align closely with our own. We firmly believe that Corient and Geller coming together will set the standard of what it means to be a family office in the UHNW space, which will result in continued advancement in how we develop our talent and service our multigenerational clients.”
- Martin Geller
