Corient Acquires $10.4B NYC Multifamily Office Geller & Co.

Corient Private Wealth announced the acquisition of multifamily office Geller & Company (Geller MFO), adding $10.4B in client assets while deepening the firm’s family office capabilities and boosting its presence in the New York City market.

Geller MFO was founded in 1984 by Martin Geller, focusing on serving ultra-high-net-worth individuals and families through an integrated family office platform providing “personal CFO” and financial management services alongside tax advisory and compliance, estate and generational wealth planning, financial reporting and accounting, and integrated investment management. Corient said the addition of Geller will in particular expand its tax and CFO advisory expertise.

Corient is an integrated fee-only RIA that focuses on ultra-high-net-worth and high-net-worth clients. The acquisition of Geller MFO is the firm’s second major deal in as many months, following the December acquisition of Portland, ME-based independent RIA H.M. Payson and its $7.9B in client assets.

Miami-based Corient’s Canadian parent, CI Financial, is currently in the midst of a $4.7B going-private transaction with Mubadala Capital.