Corient Acquires $4.9B Seven Bridges Advisors

Miami-based RIA Corient has announced the acquisition of Seven Bridges Advisors, a New York-based multi-family office managing approximately $4.9 billion in assets. This acquisition marks another significant expansion for Corient, which is backed by the Abu Dhabi sovereign wealth fund Mubadala Investment Company. The deal underscores the ongoing consolidation within the ultra-high-net-worth segment of the wealth management industry as large, well-capitalized firms continue to absorb specialized boutique offices.

Corient’s acquisition of Seven Bridges Advisors brings a prominent New York-based multi-family office into its rapidly expanding portfolio. Founded in 2011 by Larry Cohen, Seven Bridges specializes in providing wealth management services to a sophisticated client base that includes entrepreneurs, founders, and financial services executives, as well as ultra-high-net-worth families. As part of the transaction, the firm’s six partners will transition to become partners within Corient, a move intended to leverage Corient’s collaborative partnership structure and broad service offerings.

This transaction is the latest in a series of high-profile acquisitions by Corient since it was taken private in 2024 by Mubadala Capital, the alternative asset management arm of the Abu Dhabi sovereign wealth fund. Corient has aggressively pursued growth both domestically and internationally, recently announcing deals for the $10.7 billion Bedrock Group, which operates across Europe, and the $5.6 billion Chicago-based Vivaldi Capital. These moves have propelled Corient’s global footprint to more than 300 partners and 2,700 employees, overseeing a total of approximately $535 billion in assets under management.

The deal highlights a strategic focus on the UHNW market and the benefits of scale in the independent RIA space. Larry Cohen noted that Corient’s unique partnership model and collective expertise were primary drivers for the merger, suggesting that the scale of the larger organization enhances the quality and breadth of services available to Seven Bridges' clients. For the wealth management sector, Corient’s continued acquisition spree signals the intense competition for established RIAs and the significant role that sovereign wealth capital is playing in reshaping the competitive landscape of the industry.