On August 8, 2024, Corient Private Wealth LLC announced that it acquired Emerald Multi-Family Office, LLC and Byron Financial, LLC.
CI Financial Corp. (“CI Financial”) announced on August 8, 2024, that its US wealth management division, Corient Private Wealth LLC (“Corient”), acquired Emerald Multi-Family Office, LLC (“EMFO”) and Byron Financial, LLC (“Byron”), effective July 31. Further terms of the transactions were not disclosed.
CI Financial, based in Toronto, Ontario, is an asset manager providing investment management and wealth management services. CI Financial has nearly $500 billion in client assets.
Corient, based in Miami, is the US wealth management division of CI Financial and registered investment advisor offering retirement, tax, estate, insurance, philanthropic, succession, business exit, and financial planning services. As of July 2024, Corient had $118 billion in assets under management.
EMFO, based in Weston, Florida, is a registered investment advisory firm providing asset management services to high-net-worth families, individuals, and businesses. As of July 2024, EMFO had $500 million in discretionary assets under management.
Byron, based in Charlotte, North Carolina, is a registered investment advisor and private money manager that offers financial planning services to wealthy individuals. As of July 2024, Byron had $13 million discretionary assets under management.
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