07:56 AM EST, 02/06/2025 (MT Newswires) -- CI Financial ( CIXXF ) subsidiary Corient said on Thursday that it has acquired Rootstock Advisors, a Pennsylvania-based registered investment advisory firm with about US$600 million in assets under management.

Corient said the acquisition strengthens its ability to serve ultra-high-net-worth clients and expands its presence in the Pittsburgh region.

Rootstock provides comprehensive family office services, including investment management, estate planning coordination, philanthropic strategy, family governance, education planning, wealth planning and income tax oversight.

"Rootstock's expertise in serving ultra-high-net-worth families and deep commitment to providing bespoke family office-style solutions make them an exceptional addition to Corient," said Kurt MacAlpine, CEO of Corient.

This is Corient's third acquisition in the past three months following deals targeting the multi-family office business of Geller and Co. in January and H.M. Payson & Co. in December.