Houlihan Lokey Advises Northeast Financial

Houlihan Lokey is pleased to announce that Northeast Financial Consultants LLC (Northeast Financial), an independent registered investment advisor (RIA) has been acquired by Corient Private Wealth LLC (Corient), a leading wealth management firm. Terms of the deal were not disclosed. The transaction closed on August 31, 2025.

Founded in 1983, Northeast Financial is a holistic financial-planning-focused firm dedicated to building and preserving the wealth of its clients through exceptional service. The team, led by Founder and President Elwood Davis, creates Corient’s first location in Connecticut and enhances its footprint in the Northeast. A total of nine new colleagues from Northeast Financial are joining Corient, along with $4.5 billion in assets.

Corient is the fiduciary, fee-only wealth management arm of asset manager CI Financial and is distinguished by its unique private partnership model. Since its founding in 2020, Corient has grown rapidly and today has more than 260 partners and over 1,300 employees managing approximately $216 billion on behalf of ultra-high- and high-net-worth individuals, families, and businesses across the United States.

“We began as a financial planning and tax advisory firm and have grown into a multifamily office serving the evolving needs and legacies of ultra-high-net-worth families,” said Mr. Davis. “Corient and its partnership model will enable us to take the next step—allowing us to continue serving our clients with the same integrity and focus while benefiting from expanded capabilities and a deep bench of talent. It’s this combination that makes it possible for us to do even more for our clients.”

“With a track record built on disciplined planning and fiduciary excellence, Northeast Financial brings real strength to Corient,” said Kurt MacAlpine, Partner and Chief Executive Officer of Corient. “Their client-first philosophy and deep expertise align with our vision to reset the standard for what a modern multifamily office can deliver. We’re excited to welcome them into the Corient partnership.”

The transaction was led by Managing Director John Eubanks of Houlihan Lokey. He commented, “We were honored to advise Northeast Financial. The firm has built a reputation for delivering exceptional service to clients and cultivating a strong culture among its advisors. Corient is an ideal partner to help accelerate Northeast’s growth while preserving what makes the business unique. We are proud to have supported the Northeast team in achieving a great outcome for their clients and employees.”

Houlihan Lokey served as the exclusive financial advisor to Northeast Financial and assisted in marketing, structuring, and negotiating the transaction.

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