David SenraManaging $525 Billion by Rethinking Wealth Management | Kurt MacAlpine, Corient
Episode Details
EPISODE INFO
- Released
- October 18, 2026
- Duration
- 1h 19m
- Channel
- David Senra
- Watch on YouTube
- ▶ Open ↗
EPISODE DESCRIPTION
Kurt MacAlpine is a partner and the CEO of Corient, which manages approximately $525 billion in client assets. He became a first-time CEO at 39, believes wealth management was built on a flawed incentive structure, and applied a professional services partnership model to the industry. Kurt explains why Corient has one compensation plan and one P&L, how sharing the benefits of scale helps clients and partners, and why he kept building while the stock market questioned his strategy. He discusses buying back shares, taking CI Financial private with Mubadala Capital, integrating acquisitions, and building a business designed to last for generations. Show notes: https://www.davidsenra.com/episode/kurt-macalpine Made possible by Ramp: https://ramp.com AppLovin: https://applovin.com/senra Deel: https://deel.com/senra David Senra X: https://x.com/davidsenra Instagram: https://www.instagram.com/davidsenra LinkedIn: https://www.linkedin.com/in/davidsenra Facebook: https://www.linkedin.com/company/senrashow Threads: https://www.threads.com/@davidsenra Spotify: https://spti.fi/TVrr557 Apple Podcasts: https://apple.co/4msoZtb Website: https://www.davidsenra.com Kurt MacAlpine Website: https://corient.com/us/en/about-us/executive-leadership LinkedIn: https://www.linkedin.com/in/kurt-macalpine-0034713 Chapters 00:00:00 Building Corient and managing $525 billion 00:05:32 Why wealth management’s incentives are broken 00:11:42 Bringing the partnership model to wealth management 00:22:15 Sharing the benefits of scale with clients 00:24:25 One compensation plan, one P&L, no exceptions 00:27:58 Why independent wealth managers join Corient 00:39:21 Staying the course when the stock market disagrees 00:48:25 Betting on the business through share buybacks 00:51:52 Taking CI Financial private with Mubadala Capital 00:59:08 Acquiring great partners and building one company 01:04:43 Giving employees a voice in building the brand 01:12:39 Building a business that lasts for generations
SPEAKERS
David Senra
hostHost of the Founders podcast who interviews entrepreneurs and reads sponsor ads on the show.
Kurt MacAlpine
guestPartner and CEO of Corient (a large multifamily office/wealth manager) and former McKinsey & Company partner.
EPISODE SUMMARY
In this episode of David Senra, featuring David Senra and Kurt MacAlpine, Managing $525 Billion by Rethinking Wealth Management | Kurt MacAlpine, Corient explores corient’s CEO rebuilds wealth management by redesigning incentives and partnership Kurt MacAlpine explains how he transformed CI Financial from a Canada-centric mutual-fund asset manager into Corient, a global ultra-high-net-worth multifamily office managing about $525B across 15 jurisdictions.
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