On February 6, 2025, Corient Private Wealth announced that it acquired Rootstock Advisors.
Corient Private Wealth LLC (“Corient”), announced, on February 6, 2025, its acquisition of Rootstock Advisors (“Rootstock”). Rootstock will adopt the Corient name as part of the transaction. Further terms of the transaction were not disclosed.
Corient, based in Miami, is the US wealth management division of CI Financial and a registered investment advisor offering retirement, tax, estate, insurance, philanthropic, succession, business exit and financial planning services. As of December 2024, Corient had approximately $177.3 billion in client assets.
Rootstock, based in Pittsburgh, Pennsylvania, is a registered investment advisor providing comprehensive family office services, including investment management, estate planning coordination, philanthropic strategy, family governance, education planning, wealth planning and income tax oversight to high-net-worth families. As of January 2025, Rootstock had approximately $600 million in assets under management. DeVoe & Company advised Rootstock on the transaction.
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