Corient Acquires $1.8-Billion Ensemble Capital, Bolstering California Presence
November 1, 2024
San Francisco-based firm known for expertise in philanthropic planning
MIAMI (November 1, 2024) – Corient, one of the nation’s largest and fastest-growing national wealth advisors, announces the acquisition of Ensemble Capital Management, LLC (“Ensemble”), a San Francisco-based registered investment advisory firm with $1.8 billion in assets under management (at October 31, 2024). The acquisition expands Corient’s capabilities in serving clients throughout California.
Founded in 2004, Ensemble is led by Sean Stannard-Stockton, President and Chief Investment Officer, and Ludo Thomasson, Chief Advisory Officer and Senior Principal. Ensemble serves ultrahigh-net-worth and high-net-worth individuals and multigenerational families with tailored wealth management solutions. Known for its specialized philanthropic planning capabilities, Ensemble adds a distinctive edge to Corient’s offerings, helping clients achieve their charitable and financial goals. Ensemble has achieved robust organic growth, driven by its commitment to serving both new and existing clients with clarity and transparency.
“Twenty years ago, we began a journey to build a financial advisory firm that would serve clients in a clear and transparent manner. Over the years, our firm has grown significantly, especially in our ultra-high-net-worth client base,” said Mr. Stannard-Stockton. “In joining forces with Corient, we are thrilled to offer our clients a significantly expanded suite of services and investment opportunities, tailored to meet the diverse needs of all we serve – whether it’s retired couples, multigenerational ultra-high-net-worth families, or foundations and endowments. This partnership represents the perfect alignment of values and vision, and we couldn’t be more excited to continue our journey together.”
“Ensemble Capital’s strong track record of delivering personalized wealth management, including their refined philanthropic planning capabilities, make them an ideal addition to Corient,” said Kurt MacAlpine, Partner and Chief Executive Officer of Corient. “Ensemble’s client-first approach aligns perfectly with our drive to put our clients at the center of everything we do. We look forward to building on their impressive foundation to deliver even greater value to clients in California and across the U.S.”
Corient is a fee-only, fiduciary wealth management firm that stands out for its private partnership model, similar to those found within top professional services firms. This distinctive approach encourages collaboration and teamwork, united around the goal of delivering exceptional client service. Since its inception, Corient has grown rapidly and as of October 31, 2024, has over 240 partners and 1,200 employees managing approximately $184 billion for ultra-high-net-worth and high-net-worth and individuals, families and businesses across the United States.
About Corient
Corient Private Wealth LLC is an integrated national U.S. wealth management firm providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients. We combine the personal service, creativity and objective advice of a boutique with the power of an exclusive network of experienced advisors, capabilities and solutions to create a profoundly different wealth experience. As fiduciaries, we put our clients at the center of everything we do. We focus on exceeding expectations, simplifying lives and establishing lasting legacies. Headquartered in Miami, Corient is a subsidiary of Toronto-based CI Financial Corp. (TSX: CIX), a global asset and wealth management company with approximately US$377.3 billion (C$525.3 billion) in assets as at October 31, 2024. For more information, visit corient.com.
Contacts:
Media Relations
United States
Jimmy Moock
Managing Partner, StreetCred PR
610-304-4570
jimmy@streetcredpr.com
corient@streetcredpr.com
Canada
Murray Oxby
Vice-President, Corporate Communications
416-681-3254
moxby@ci.com
