On May 1, 2023, Pathstone Family Office announced an agreement to acquire Brainard Capital Management.
Under the terms of the transaction, Pathstone Family Office (“Pathstone”) will acquire Brainard Capital Management, LLC (“Brainard”). The Brainard team will join Pathstone as part of the acquisition. Terms of the deal were not disclosed.
Pathstone, based in Englewood, New Jersey, is an investment advisory firm. Pathstone has approximately $80 billion in assets under advisement.
Brainard, based in Austin, Texas, is an investment advisory firm offering a range of investment advisory services to ultra-high net worth families and their affiliated entities. It manages approximately $2 billion in client assets under management and administration. Republic Capital Group served as the exclusive financial advisor to Brainard for the transaction.
To read the press release: please click here.