Corient Acquires $7.8B Oklahoma RIA

Corient has acquired an Oklahoma-based registered investment advisory firm, which oversees $7.8 billion in assets under management.  

Tulsa, OK-based Capital Advisors, which launched in 1978, is led by CEO Keith Goddard and president Andy Brown. The deal marks Corient’s formal entry into the Oklahoma market. 

The employee-owned 47-person team offers “customized” financial planning, investment management, and wealth management services to high-net-worth clients and financial institutions, Corient said. 

Capital Advisors also has an office in Texas and across six other states. Principals of Capital Advisors will also become Corient Partners, following the closing of the acquisition, which is expected later this quarter. 

“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. “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.” 

Corient’s latest addition comes after the firm announced its plans to expand into Canada by fully taking control of the wealth management operations of its parent firm, CI Financial. 

The firm’s new Canadian platform will debut with approximately C$10 billion in assets, anchored by previously acquired firms Northwood Family Office and Coriel Capital, as well as select advisors transitioning from CI Private Wealth to become partners at Corient. 

Last month, Corient acquired Chicago-based Vivaldi Capital Management, which oversees $5.6 billion in assets under management. 

Miami-based Corient Private Wealth, founded in 2020, has more than 1,300 employees overseeing a total of about $224 billion in assets under management.