On June 5, 2024, Corient Private Wealth LLC announced its acquisition of Paragon Advisors, Inc.
Corient Private Wealth LLC (“Corient”) announced that it acquired Paragon Advisors, Inc. (“Paragon”). With this acquisition, the combined firm will manage more than $164 billion in assets on behalf of high-net-worth clients. Further terms of the transaction were not disclosed.
Corient, based in Miami, is a registered investment advisor for entrepreneurs, CEO founders, wealth creators, executives, and partners, as well as high-net-worth clients. As of March 2024, Corient had $164 billion in assets under advisement.
Paragon, based in Shaker Heights, Ohio, is a registered investment advisor for high-net-worth clients. As of June 2024, Paragon had $1 billion in assets under management. Park Sutton Advisors served as financial advisor to Paragon on the transaction.
To read the press release: please click here.