FUNDRAISING NEWS | June 04, 2024
Corient Private Wealth has ended its seven-month silence on mergers and acquisitions by announcing its first RIA acquisition of 2024. The company has acquired Socius Family Office in Ft. Lauderdale, Fla., with the transaction closing on May 31.
Socius Family Office managed approximately $915 million in assets under management as of the end of 2023. Prior to the acquisition, the company was owned by Alterna Financial, a private asset manager based in Delray Beach, Florida.
The president of Socius Family Office is Mark Baniewicz, a former offensive tackle for the Jacksonville Jaguars. Baniewicz co-founded the RIA in 2004 after his NFL career was cut short by knee and triceps injuries. Baniewicz is joined by partners Matt Cassano and Mark Renz, who were also previously with Socius Family Office.
John Washington is the Data Research Analyst at Dakota.
