Corient Acquires Seven Bridges Advisors for $4.9 Billion
Miami-based registered investment advisor Corient has acquired New York-based multi-family office Seven Bridges Advisors, which manages $4.9 billion in assets under management (AUM). Founded by Larry Cohen in 2011 and serving entrepreneurs, financial executives, and ultra-high-net-worth families, the acquisition will integrate its six partners into Corient’s partnership structure. Corient now oversees more than $535 billion globally with over 300 partners and nearly 2,700 employees. The firm was established in 2020 as part of CI Financial before being taken private by Mubadala Capital in 2024. Corient has been aggressively expanding through acquisitions, including Bedrock Group ($10.7 billion AUM) and Vivaldi Capital ($5.6 billion AUM), both announced earlier this year. The acquisition underscores the growing trend of consolidation within wealth management as firms seek to scale operations and expand their service offerings.