Corient Acquires FortCay Family Advisory Multi-Family Office
1 report, 1 independent
Updated Fri 00:00
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What happened
Corient acquired FortCay Family Advisory, a multi-family office, in the Cayman Islands. The acquisition involved a multi-family office with $2.6 billion in assets under advisement.
From wealthmanagement.com
Why it matters
The transaction is part of active movement in the wealth management sector. This occurs as third-quarter M&A deals in the industry slipped 19%, despite the overall activity in advisor transactions.
From wealthmanagement.com
Who's involved
- companyThe acquiring party in the wealth management sector
- Cayman IslandsThe jurisdiction where the acquisition took place
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The entities involved
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Cayman Islands
British overseas territory in the Caribbean