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Corient Capital Partners, an RIA with $3.1 billion in assets under management, has picked up a "minority, noncontrolling investment" from Merchant Investment Management, Corient announced Monday. Terms were not disclosed.
"We want to build on our success by ensuring Corient has the durability and longevity to serve clients not just today, but for generations to come," said Corient CEO James Rooney in a statement.
The Newport Beach, Califoria-based RIA focuses on wealthy families, business owners, public company executives, private foundations and professional athletes, it stated.
