Fiduciary Network Acquires Minority Stake in Pathstone Family Office

August 18, 2014

On August 11, 2014, Financial Advisor reported that Fiduciary Network had acquired a minority equity interest in Pathstone Family Office, a wealth management organization.


On August 11, 2014, Financial Advisor reported that Fiduciary Network, LLC had acquired a minority equity interest in Pathstone Family Office, LLC, which provides a variety of wealth management services, including investment management, to high net worth, multi-generational families. Pathstone Family, which is based in Fort Lee, New Jersey, was founded four years ago by a group of former myCFO executives and now has approximately $2 billion in assets under management. Pathstone Family will use the proceeds of the transaction to establish an employee-ownership program and provide capital for future acquisitions.

Pathstone Family is Fiduciary Network’s 17th investment in a wealth advisory firm. Fiduciary Network was founded in 2007. The terms of the transaction were not disclosed.

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Categories

Investment Manager M&A, Transactions