U.S. wealth manager Corient adds over $10B AUM and expands European presence with the acquisition of Geneva-rooted Bedrock Group. Allong with late 2025 acquisitions to be approved, the firm’s combined client asset base will near $470B.
Corient today announced it was acquiring the Bedrock Group, a pre-eminent European wealth manager and multi-family office. Bedrock manages CHF8.4 billion (about $10.7 billion at today’s rates) in client assets.
The acquired company has been operating for over 20 years. It has established offices in Geneva, London, Monaco and Lisbon to serve ultra-high-net-worth individuals. Besides traditional investment management, Bedrock Group provides specialized private asset strategies and comprehensive family office services.
“I have known Bedrock and its founders for nearly 20 years and have immense respect for what they have accomplished,” said Daniel Pinto, Founder and Chief Executive Officer of Stanhope Capital Group, who will become Partner, Chief Executive Officer of Corient in EMEA, subject to completion of Corient’s acquisition of Stanhope Capital Group and regulatory approvals. “Their business is highly complementary to Corient. I look forward to working closely with them to deepen our footprint across Europe and to offering our combined client base one of the most comprehensive wealth management platforms globally.”
The combined client base Pinto is referring to consists not only of Corient and Bedrock clientele. In September 2025, the U.S. wealth manager has also acquired Stonehage Fleming and Stanhope Capital Group. There are also some “other signed but not yet closed transactions” of a smaller scale. After all these acquisitions complete regular closing procedures and regulatory approvals, Corient’s client asset amount is expected to rise by $220 billion, totalling approximately $468 billion. Another benefit of the fresh acquisitions is access to new markets, giving the firm presence across Europe, the Middle East and Africa via established brands.
Amassing client assets and broadening scale can be differential for the wealth management firms in time when investors are questioning how automation could reshape the role of financial advisors. Due to near tech disruption concerns for the industry, advisory-focused firms such as Charles Schwab and LPL Financial were losing market worth.
For Corient, operating as a private RIA (registered investment advisor) rather than a listed company, switch of investor confidence could not obviously result in share price decline, but it could turn some client assets away, something aggressive scaling could help avoid.
