Corient, the national wealth management firm, has acquired the multi-family office business of Geller and Co., known as Geller MFO.
The acquisition of the New York-based company brings some $10.4 billion in assets under management and advisement to Corient, deepening its presence in one of the nation’s largest wealth management markets.
Geller MFO provides a bespoke family office experience to ultra-high-net-worth individuals and families through an integrated family office platform that includes financial management, tax advisory, compliance and estate planning. In joining Corient, the Geller MFO team and its clients will gain access to new technologies and operational infrastructure. The group will also gain access to regulatory and compliance infrastructure, as well as expanded investment capabilities and enhanced trust services.
Marty Geller, founder of Geller MFO, will join Corient’s executive team.
“We firmly believe that Corient and Geller coming together will set the standard of what it means to be a family office in the UHNW space, which will result in continued advancement in how we develop our talent and service our multigenerational clients,” Geller said in a statement.
Kurt MacAlpine, CEO of Corient, cited Geller MFO’s “highly experienced team” and “significant tax and CFO expertise” as key drivers of the acquisition.
Since its founding in 2020, Corient has grown to surpass 240 partners and over 1,200 employees managing about $182 billion in assets.
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