Corient, one of the largest and fastest-growing wealth advisory firms in the country, has announced the acquisition of Northeast Financial Consultants, a Connecticut-based registered investment advisor with $4.5 billion in assets under management. This marks Corient’s first location in Connecticut and represents an important step in expanding its presence across New England, a region with a long history of family-owned businesses, multigenerational wealth, and entrepreneurial success.
Northeast Financial has been serving clients since 1983 and has built its reputation on a disciplined, integrity-driven approach to wealth management. Over the years, the firm has guided individuals and families through the complexities of building, preserving, and transferring wealth. Its services include investment management, retirement planning, estate planning, insurance analysis, and access to alternative investments. By integrating these services, Northeast Financial has helped clients reduce tax burdens, protect their assets, and ensure that wealth can be passed on smoothly from one generation to the next.
For Corient, this acquisition is more than just a geographic expansion. It reflects the firm’s broader mission to deliver comprehensive, fiduciary advice through a collaborative model that sets it apart from many traditional wealth management firms. Corient operates under a private partnership structure, similar to leading professional services firms, which means clients benefit from the collective expertise of the entire organization rather than relying on a single advisor. This approach encourages teamwork and ensures that clients have access to a wide range of specialists and resources.
Since its founding in 2020, Corient has grown at an impressive pace. Today, the firm has more than 260 partners and over 1,300 employees nationwide, managing approximately 216 billion dollars in assets for ultra-high-net-worth and high-net-worth individuals, families, and businesses. Its rapid growth has been fueled by both organic expansion and strategic acquisitions like this one, which bring together firms with shared values and complementary strengths.
The addition of Northeast Financial gives Corient a strong foothold in Connecticut and the broader New England market. Clients of Northeast Financial will continue to receive the same personalized service they have come to expect, while also gaining access to Corient’s national scale, advanced technology, and expanded investment opportunities. For Corient, the acquisition strengthens its ability to serve clients in one of the country’s most dynamic regions and reinforces its position as a leader in wealth management.
This move also reflects a larger trend in the industry, where independent advisory firms are increasingly joining larger platforms that can provide the scale, resources, and infrastructure needed to meet the complex needs of today’s wealthy families. By combining Northeast Financial’s decades of client trust with Corient’s national reach and collaborative model, the firm is well-positioned to deliver even greater value to clients now and in the future.
KEY QUOTES:
“We began as a financial planning and tax advisory firm and have grown into a multi-family office serving the evolving needs and legacies of ultra-high-net-worth families. Corient and its partnership model will enable us to take the next step — allowing us to continue serving our clients with the same integrity and focus, while benefiting from expanded capabilities and a deep bench of talent. It’s this combination that makes it possible for us to do even more for our clients.”
Elwood Davis, Founder and President at Northeast Financial
“With a track record built on disciplined planning and fiduciary excellence, Northeast Financial brings real strength to Corient. Their client-first philosophy and deep expertise align with our vision to reset the standard for what a modern multi-family office can deliver. We’re excited to welcome them into the Corient partnership.”
Kurt MacAlpine, Partner and Chief Executive Officer of Corient
