News Summary
Corient Private Wealth, based in Miami, has successfully acquired Geller & Co., a prestigious multi-family office in New York. This acquisition, finalized on January 15, 2025, will enhance Corient’s asset management capabilities by adding over $10 billion in assets, solidifying its status as a leading force in the wealth management sector. The partnership promises to improve customized wealth management solutions for high-net-worth clients and expand Corient’s geographical reach through Geller’s existing offices. Both firms look forward to a robust future together in wealth management.
Big Moves in Wealth Management: Miami’s Corient Private Wealth Expands with New Acquisition
In an exciting development for the financial world, Miami’s very own Corient Private Wealth has acquired Geller & Co., a renowned multi-family office based in the bustling city of New York. This acquisition officially took place on January 15, 2025, adding a significant chunk of assets and expertise to Corient’s already impressive portfolio.
Making Waves in Wealth Management
Corient Private Wealth is no stranger to success. As South Florida’s largest wealth management firm, Corient manages an impressive over $118 billion in assets. With the addition of Geller & Co. and its $10.4 billion in assets under management, Corient’s influence in the industry is only set to grow. This acquisition solidifies their position as a powerhouse in wealth management.
A Legacy of Excellence
Founded in 1984, Geller & Co. has a rich history of over 40 years providing top-notch financial services. They’re not just about numbers, though; they’ve always focused on offering quality wealth advisory and management solutions tailored to high-net-worth and ultra-high-net-worth families. Over two decades after its inception, Geller expanded its reach by forming Geller Advisors LLC, further strengthening their investment capabilities.
Leadership and Vision
Martin J. Geller, the founder and chairman of Geller & Co., brings a wealth of experience and vision to the table. Geller & Co. employs nearly 50 dedicated staff who share a passion for delivering exceptional service. As part of Corient’s team, Geller is set to play a vital role in leading their multi-family office business, building on the strong foundations already laid by both firms.
A Win-Win for Both Firms
The move is a strategic one for Corient, which operates as the U.S. wealth subsidiary of CI Financial Corp., based in Toronto. With headquarters situated in One Biscayne Tower in downtown Miami, Corient also secured additional office space in the trendy 830 Brickell last year, showcasing their commitment to expansion.
Enhancing Client Services
The acquisition of Geller & Co. allows Corient to strengthen its capabilities in providing customized wealth management solutions. Geller’s investment arsenal includes a diverse range of options, such as exchange-traded equities, U.S. government and agency bonds, and registered investment securities. This added expertise is sure to enhance the overall offerings of Corient, providing even more value to their clients.
Proud of the Partnership
Commenting on the acquisition, the leadership at Corient expressed great pride in the alignment of their culture with that of Geller & Co. This partnership aims to set a new standard in the family office sector specifically tailored for ultra-high-net-worth clients. The synergy between both firms promises increased efficiency and value as they work together.
A wider reach
With Geller’s additional offices located not only in Los Angeles but also in Jupiter, Florida, Corient is gaining access to a wider network of potential clients. This geographical expansion may open up new opportunities for growth and service delivery, marking a significant shift for the firm in its goal to be the go-to resource for wealth management.
Looking Ahead
As Corient Private Wealth integrates Geller & Co. into their framework, both firms are poised for exciting growth and enhanced services. With a rich history, solid leadership, and a shared vision for the future, this partnership is set to redefine wealth management standards. Miami’s financial scene just got even more vibrant, and wealth management is about to take a big leap forward!
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