Pathstone Acquires Hall Capital Partners

Kelso & Company Invests in Pathstone; Lovell Minnick Partners Continues Support

May 27, 2023

Wealth Management

Kelso & Company completed a strategic equity investment in Pathstone in May 2023, joining existing investor Lovell Minnick Partners which is increasing its capital commitment. Pathstone, an independent wealth management and family office advisory firm with more than 350 employees across 17 offices and over $80 billion in client assets, will use the capital to invest in people, technology, and to accelerate its growth and M&A strategy while management continues to run day-to-day operations.

Pathstone Acquires Cornerstone Advisors Inc.

July 30, 2020

Wealth Management

Pathstone, a partner-owned multigenerational family office, has acquired Cornerstone Advisors Inc., a Bellevue, Washington-based wealth and lifestyle management firm. The combination adds Cornerstone's ~$4 billion AUM and ~65 employees to Pathstone, expanding capabilities, scale and partner ownership across the combined firm (roughly 200 employees across nine offices and ~$20 billion in advisory assets).

Huntington Bancshares Acquires Capstone Partners

March 1, 2022

Financial Services

Huntington Bancshares Incorporated has entered into a definitive agreement to acquire Capstone Partners, a leading middle-market investment banking and advisory firm. The acquisition adds M&A, capital advisory and financial advisory capabilities to Huntington's Capital Markets offerings to better serve middle-market commercial banking clients; terms were not disclosed.

Pathstone Acquires Eaton Vance WaterOak Advisors' Investment Advisory and Wealth Management Business

March 31, 2022

Wealth Management

Pathstone has agreed to acquire certain assets of Eaton Vance WaterOak Advisors ("WaterOak"), adding roughly $3 billion in assets under advisement and expanding Pathstone’s footprint in Florida. The deal brings WaterOak’s team and technology onto Pathstone’s partner-owned platform (institutionally backed by Lovell Minnick Partners), increasing Pathstone’s total AUA to more than $35 billion and its headcount to about 235.

Mission Wealth Acquires Stonepath Wealth Management

October 1, 2024

Financial Services

Mission Wealth Management, LP has merged with Stonepath Wealth Management LLC, bringing Stonepath founder Cray J. Coppins III into Mission Wealth as its 38th equity partner. The deal expands Mission Wealth’s Midwest/Greater Chicago presence (an office in the Highland Park area is planned) and strengthens advisory capacity for clients in Illinois; Mission Wealth manages roughly $9.1 billion in client assets.

Pathstone Acquires Veritable LP

July 17, 2023

Wealth Management

Pathstone has acquired Veritable LP from Veritable’s management partners and Affiliated Managers Group, adding Veritable’s ~87-person team and over $17 billion in client assets across roughly 200 clients. The deal brings Pathstone’s assets under advisement and administration to more than $100 billion and strengthens its position as a leading independent RIA serving ultra-high-net-worth families.