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

Pathstone Acquires Hall Capital Partners

October 16, 2024

Wealth Management

Pathstone, a partner-owned RIA backed by Kelso & Company and Lovell Minnick Partners, has agreed to acquire Hall Capital Partners to expand its investment capabilities and national footprint. Hall Capital brings roughly $45 billion in assets under advisement, about 180 team members across San Francisco and New York, and the deal will be supported by additional capital from Kelso, Lovell Minnick and Pathstone management.

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).

Kelso & Company Acquires WilliamsMarston from Align Capital Partners

August 30, 2022

Accounting & Tax

Kelso & Company (via its Kelso Fund XI) has agreed to acquire WilliamsMarston LLC from Align Capital Partners. WilliamsMarston is a Boston-based accounting, tax, valuation and managed SEC services advisor that grew significantly under ACP (expanding to multiple geographies, adding service lines and completing six add-on acquisitions) and will partner with Kelso to accelerate its next phase of growth.

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.

Lovell Minnick Partners Makes Growth Investment in STP Investment Services

March 9, 2022

Financial Services

Lovell Minnick Partners has made a significant growth investment in STP Investment Services to support the firm's investments in innovation, technology, workflow and talent and to accelerate its M&A strategy. STP, a technology-enabled investment operations and fund administration provider, will continue to be led by its existing management team with Lovell Minnick joining the board; terms were not disclosed.

Kelso & Company Takes 25% Minority Stake in Wellington-Altus Financial Inc.

January 12, 2026

Financial Services

Kelso & Company closed a nearly CAD 400 million secondary minority common equity investment to acquire a 25% stake in Wellington-Altus Financial Inc., implying an enterprise value of more than CAD 1.5 billion. The transaction provides liquidity to existing advisors and employees while supporting Wellington-Altus’s continued growth as the firm surpasses 1,000 employees and CAD 45 billion in assets under administration.