Miami-based Corient announced Wednesday that it signed a deal to acquire Capital Advisors, a Tulsa, Oklahoma-based RIA with $7.8 billion in assets under management (AUM).
Capital Advisors is an employee-owned firm founded in 1978 and led by Keith Goddard, its CEO, and Andy Brown, its President.
They will become Corient Partners when the transaction closes, expected later this quarter, Corient said.
Capital Advisors provides families and institutions with financial planning, investment management and other wealth management solutions, with a staff of 47 financial professionals, according to Corient.
“The addition of Capital Advisors gives Corient our first office in Oklahoma and significantly expands our client base across the South and Southwest,” Kurt MacAlpine, Founding Partner and CEO of Corient, said in a news release.
Capital Advisors’ offices are in Tulsa and Edmond, Oklahoma, as well as in Austin, Frisco, Houston and San Antonio, Texas. The RIA also has one office each in Birmingham, Alabama; Denver, Colorado; Henderson, Nevada; Nashville, Tennessee; and Phoenix, Arizona, according to its website.
Like all firms acquired through Corient’s partnership model, Capital Advisors will “fall under the Corient brand upon the deal’s closure,” a Corient spokesperson told Wealth Solutions Report.
“The firm has an exceptional reputation as a premier wealth manager and their holistic approach fully aligns with Corient’s commitment to providing comprehensive, personalized service,” MacAlpine said of Capital Advisors. “Keith and his team will be a tremendous addition to the Corient partnership.”
“Corient’s private partnership model was the key factor in our decision to join the firm, as it reflects the values that drive Capital Advisors – integrity, teamwork, and dedication to our clients,” Goddard said in the news release.
Goddard added, “Corient allows us to enhance the client experience by gaining access to a broad network of expertise and a wide range of wealth management and family office services, including alternative investments, trust strategies, tax preparation and bill paying.”
MacAlpine also said, “Our model fosters close collaboration across an experienced team, enabling us to deliver a seamless and elevated experience with each interaction. Clients benefit from the full strength of the firm – our integrated wealth management and family office capabilities – supported by our scale, resources and expertise.”
Piper Sandler & Co. is serving as exclusive financial advisor to Capital Advisors, Corient said.
Founded in 2020, Corient has over 250 partners and more than 1,400 employees managing about $222 billion in assets for high net worth and ultra-high net worth clients as of March 31, it said.
“We’ve announced four acquisitions this year after announcing seven in 2025,” the Corient spokesperson said.
In September, Corient announced agreements to acquire U.K.-based advisory firms Stonehage Fleming and Stanhope Capital Group in deals marking the start of its global expansion.
In April, Corient said it was also acquiring Bedrock Group, a wealth manager and multi-family office with offices in Geneva, London, Monaco and Lisbon.
“Those additions will establish a presence for Corient across Europe, the Middle East and Africa,” the firm said Wednesday of the three European firms it was buying.
Corient added, “Upon close and subject to regulatory approval of these and other transactions, Corient will become the world’s largest non-bank, fee-only wealth manager and the world’s largest multi-family office focused on ultra-high-net-worth clients globally with anticipated combined client assets of approximately $470 billion.”
“We expect Stonehage Fleming and Stanhope Capital Group to close early this summer,” the Corient spokesperson said, adding: “Corient will remain active in both U.S. and international markets as we continue to execute our growth plans.”
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
