Managing $525B & Building the World’s Largest Multifamily Office | Kurt MacAlpine, Corient
Oct 18, 2026 · 1:19:35
Corient CEO Kurt MacAlpine argues that wealth management's incentives are broken — advisors run as silos — so his roughly $525 billion firm operates as a professional services partnership with one compensation plan, one P&L, no chargebacks, and a fee-only fiduciary standard. Becoming CEO at 39, he deployed CI Financial's cash flow plus 3 to 3.5 turns of fixed-rate debt, weathering a 2021-to-2022 stock swing and buying back shares deemed criminally undervalued at $12-$13 a share. He took CI Financial private with Mubadala Capital with no new debt; Corient fully integrates about 50 acquisitions on day one, passing scale benefits like cheaper lending to clients. He recounts recruiting young partners rather than retiring sellers and picking Miami as headquarters to build for generations.
