Corient Bolsters Assets, Alts Focus with Deal for $5.6B Vivaldi Capital

Corient, a global RIA aggregator, has acquired Vivaldi Capital, adding $5.6 billion in assets under management. This deal signifies Corient's continued expansion and focus on alternative investments, contributing to its goal of reaching $450 billion in AUM. For financial advisors, this highlights ongoing consolidation and growth within the wealth management industry.