Legal Disclosure
01 Legal Disclaimer
Pathstone is registered as an investment adviser with the Securities and Exchange Commission (the “SEC”). Pathstone provides individual client services only in states in which it is filed or where an exemption or exclusion from such filing exists. Registration with the SEC does not imply a certain level of skill or training. PLEASE READ THESE TERMS OF USE CAREFULLY. By accessing and using this Site, you acknowledge that you have read, understand and agree to be bound by all of the terms and conditions set forth below. We reserve the right to amend these terms of use from time to time by posting the amended terms on this Site.
Proprietary papers and writings are the opinions of Pathstone. Other articles, links, and information presented on this site are obtained from sources believed to be reliable, but they are for informational purposes only and Pathstone does not guarantee their timeliness or accuracy.
02 No Offer, Investment Advice, or Performance Guarantees
All written content is for informational purposes only and may not constitute a complete description of available investment services or performance. Neither the information nor any opinion expressed on this Site constitutes an offer by Pathstone to buy or sell any securities or financial instruments, or to provide any investment advice or service. The services, securities and financial instruments described on this Site may not be available to or suitable for you, and not all strategies are appropriate at all times. The value and income of any of the securities or financial instruments mentioned on this Site can fall as well as rise, and an investor may get back less than he or she invested. Foreign-currency denominated securities and financial instruments are subject to fluctuations in exchange rates that could have a positive or adverse effect on the value, price or income of such securities and financial instruments. Clients should consult their advisor with regard to any questions they may have. Nothing on this web site should imply that past results are an indication of future performance. Past performance does not guarantee future performance. Independent advice should be sought in all cases.
03 Copy Rights
The content of the Pathstone website on the Internet are protected by applicable copyright laws. No permission is granted to copy, distribute, modify, post or frame any text, graphics, video, audio, software code, or user interface design or logos.
04 Links to Third Party Websites
This Site may contain links to other websites, including links to the websites of companies that provide related information, products and services. Such external Internet addresses contain information created, published, maintained, or otherwise posted by institutions or organizations independent of Pathstone. These links are solely for the convenience of visitors to this Site, and the inclusion of such links does not necessarily imply an affiliation, sponsorship or endorsement. Pathstone does not endorse, approve, certify, or control these external Internet addresses and does not guarantee or assume responsibility for the accuracy, completeness, efficacy, timeliness, or correct sequencing of information located at such addresses. Use of any information obtained from such addresses is voluntary, and reliance on it should be undertaken only after an independent review of its accuracy, completeness, efficacy, timeliness, and sequencing. Reference therein to any specific commercial product, process, or service by trade name, trade mark, service mark, manufacturer or otherwise does not constitute or imply endorsement, recommendation or favoring by Pathstone.
05 Third Party Rankings
Third party rankings and recognition from ratings services are no guarantee of future investment success. Working with a highly rated adviser does not ensure that a client or prospective client will experience a higher level of performance or results. Ratings should not be considered an endorsement for the adviser by any client nor are they representative of any one client’s evaluation. Generally, rankings are based on information prepared and submitted by the adviser, or the amount of assets under management by the adviser. Please refer to the more thorough disclosure and additional information about the criteria used in making these rankings via the website of the publication and/or organization granting such recognition.
The information contained in the rankings is for informational purposes only and the views and opinions expressed are the author’s own and not necessarily those of PATHSTONE. Awards and accolades are given by non-affiliated third parties that are independent of Pathstone. None of the information provided is an indication of any client’s experience, past or present, with Pathstone and the services offered by the firm. Pathstone makes no warranties with regard to the information or results obtained by its use (or lack thereof) and disclaims any liability arising out of the use of, or reliance on, the information. Past performance is not indicative of future returns. For additional information and disclosures about Pathstone, please review Pathstone’s Form ADV at http://www.adviserinfo.sec.gov/.
Real Leaders Impact Awards 2022
Companies will be ranked based on their “Force for Good” Score. The formula for Force is velocity x mass (we use your Growth rate x Revenue). If the applicant has not taken the B Impact Assessment, a minimum default score will be applied. This provides the “Good” score. The Force for Good Score takes into account your 5-year sales growth, revenue, and B Impact Assessment (or default score). To ensure we are able to collect and verify the information for all entries for the Awards, we do charge an entry fee of $350.
The only requirements are evidence of positive impact and revenues. We define revenue as gross revenue, less returns and allowances, before any cost of goods sold are deducted. This is the same number that is called for in Box 1c of a corporate income tax return.
The Wealth For Good Awards 2022
Entry Criteria:
Judges will be looking for clear evidence of initiatives, programs and offerings that are differentiated from other “mainstream” products and services offered by entrants. They will take note of how these offerings, services and products conform to the established relevant definitions in each category and also how effectively they have been implemented throughout the organization and accepted and appreciated by clients.
All submissions must include:
- a clear statement of what each service line is attempting to achieve;
- metrics used to assess how well it has lived up to its own expectations, including explanations of methodologies;
- testimonials from clients and other interested parties; and
- real life examples and the extent to which entrants have used the service line in question to influence the overall culture of the organization in regard to ESG, sustainability and impact.
In the thought leadership categories (Best ESG Portfolio (Methodology and Performance)” and “Best Nextgen ESG Initiative or Offering) judges will be looking for material and activity that adds to understanding and appreciation of this area amongst clients, the industry and/or the general public and could be in any format appropriate to the audience.
Eligibility & Judging
The Awards Competition is open to Entrants who fulfil the relevant entry criteria for a particular Clearview Award as set out on the Awards Website (“Entry Criteria”).
The Entries will be judged by a panel of independent judges. A list of the judges can be viewed on the Awards Website.
Your Entry will be judged on its merits and principally on the basis of the information provided in your Entry. The decision of the panel of judges will be final and we will not enter into any correspondence or discussion with you or any Entrants nor will we accept any submissions, representations or appeals with regard to such a decision. We reserve the right not to make any particular award in any given category.
06 Third Party Ranking Criteria
ATLANTA BUSINESS CHRONICLE
The list is compiled to provide a snap-shot of the largest companies in a particular industry, ranked by either a dollar figure or employee count. Factors considered include company size, assets under management, number of professionals, number of clients in the metro-Atlanta area, number of offices, and others.
BARRONS
To qualify for the Top 100 Independent Advisor ranking, advisors must: (1) have seven years’ experience as an advisor (2) have at least one year tenure at your current firm (3) have a clean compliance record, free of criminal violations (4) meet the minimum AUM of $300 million (5) be registered and in good standing with the SEC. Advisors who wish to be ranked fill out a 102-question survey about their practice. We then apply our rankings formula to that data to generate a ranking. The formula features three major categories of data: (1) Assets (2) Revenue (3) Quality of practice. In each of those categories we do multiple sub-calculations. For instance, we take into account not just an advisor’s AUM, but also the type of assets he/she manages—are they retail assets or institutional? If they’re institutional, are they for a foundation or an endowment or are they corporate assets? What is the YOY asset growth? Revenue is handled similarly, and the Quality of Practice component includes LOS, charitable and philanthropic work and a complex scoring system for regulatory violations, including a threshold for automatic disqualification.
Barron’s’ overall goal in publishing these rankings is to shine a spotlight on the best advisors, with an eye towards raising standards in the industry. The rankings serve two distinct types of Barron’s readers. For wealth management professionals (who make up about 20-25% of Barron’s readership), they serve as an industry scorecard. For investors (who make up over 70% of Barron’s readership), the rankings are a tool that can help in the process of finding financial guidance.
CHARLES SCHWAB/SCHWAB ADVISOR ACE AWARDS
The Active Community Engagement (ACE) Award is given to members of the Schwab family office community whom Schwab selects based on their active community engagement and impactful contribution to the financial industry. Schwab makes these selections internally, without formal external nominations, and there is no fee to be considered. This award should not be construed as an endorsement of the advisor’s investment acumen or a recommendation to retain advisor for professional services by any mentioned organizations or clients. This award is not representative of any one client’s experience with the firm and is not indicative of the firm’s future performance.
FINANCIAL ADVISOR
Financial Advisor’s RIA Survey and Ranking ranks based on assets under management at year end of independent RIA firms that file their own ADV with the SEC. FA’s ranking orders firms from largest to smallest, based on AUM reported by individual firms that voluntarily complete and submit FA’s survey. FA’s rankings may not be representative of any one client’s experience and are not indicative of future performance.
2024 RIA Ranking methodology:
Financial Advisor compiled their annual list of America’s Top RIAs based on assets under management (AUM) at independent RIA firms. This ranking includes firms with AUM exceeding $1 billion as of December 31, 2023, for the print edition of Financial Advisor magazine’s 2024 RIA survey. Firms with under $1 billion AUM are included in the expanded online RIA survey.
2024 50 Fastest Growing RIA methodology:
Financial Advisor Magazine created the annual list of the top 50 Fastest Growing RIAs by comparing firms’ year-end AUM to the previous year-end AUM, using the data they provided in the surveys. The list includes firms with AUM exceeding $500 million.
FINANCIAL PLANNING
FP’s data partner for the RIA Leaders feature, RIA in a Box, compiled the below rankings from firms’ required SEC Form ADV filings in July 2022 using a six-part criteria.
- Firms must have zero registered representatives of a broker-dealer
- At least 50% of the firm’s clients must be individuals or high net worth individuals
- Firms must not list commissions as a compensation arrangement
- Firms must have more than zero financial planning clients
- Firms must not list commission-taking businesses in “other business activities”
- Firms cannot be affiliated under common ownership with commission-taking businesses
FINANCIAL TIMES
This fourth edition of the FT 300 assesses registered investment advisers (RIAs) on desirable traits for investors. To ensure a list of established companies with substantial expertise, FT examines the database of RIAs registered with the US Securities and Exchange Commission and selects those that reported to the SEC that they had $300m or more in assets under management (AUM). The Financial Times’ methodology is quantifiable and objective. The RIAs had no subjective input. The FT invited qualifying RIA companies — more than 2,000 — to complete a lengthy application that gave us more information about them. FT added this to their our own research into their practices, including data from regulatory filings. Some 725 RIA companies applied and 300 made the final list. The formula the FT uses to grade advisers is based on six broad factors and calculates a numeric score for each adviser. Areas of consideration include adviser AUM, asset growth, the company’s age, industry certifications of key employees, SEC compliance record and online accessibility. The reasons these were chosen are as follows:• AUM signals experience managing money and client trust.• AUM growth rate can be a proxy for performance, as well as for asset retention and the ability to generate new business. FT assessed companies on one- and two-year growth rates.• Companies’ years in existence indicates reliability and experience of managing assets through different market environments.• Compliance record provides evidence of past client disputes; a string of complaints can signal potential problems.• Industry certifications (CFA, CFP, etc) shows the company’s staff has technical and industry knowledge, and signals a professional commitment to investment skills.• Online accessibility demonstrates a desire to provide easy access and transparent contact information. AUM comprised roughly 65 to 70 per cent of each adviser’s score, while asset growth accounted for an additional 10 to 15 percent. Additionally, the FT caps the number of companies from any one state. The cap is roughly based on the distribution of millionaires across the US. FT 300 is presented as an elite group, not a competitive ranking of one to 300. This is the fairest way to identify the industry’s elite advisers while accounting for the companies’ different approaches and different specializations. The research was conducted on behalf of the Financial Times by Ignites Research, a Financial Times sister publication.
The “Top 100 women financial advisers of 2014” is granted by the Financial Times, an independent association unaffiliated with Pathstone. To qualify for the list, advisers had to manage at least $200 million in assets under management (AUM) and have 10 years of experience. Qualified advisers were then scored on six attributes: AUM, AUM growth rate, compliance record, experience, industry certifications and online accessibility. Additional information on the factors involved for inclusion in this ranking can be found at the following location: http://aboutus.ft.com/2014/11/19/financial-times-announces-top-100-us-women-financial-advisers-of-2014/#axzz46TE2byQs.
FORBES
The Forbes Next-Gen Wealth Advisors rankings, developed by SHOOK Research, is based on an algorithm of qualitative criterion, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of four years’ experience, and the algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and those that encompass the highest standards of best practices. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings.
The Forbes ranking of America’s Top RIA Firms, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone, virtual and in-person due diligence interviews, and quantitative data. The algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices and approach to working with clients. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings.
PRIVATE ASSET MANAGEMENT
- 2017 Best Multi-Family Office– Overall—Over $2bn
- Financial Progress: candidates must be able to demonstrate a performance track-record over the course of the last twelve months
- Growth: client numbers, internal hires and geographic expansion
- Client Satisfaction: provide evidence of client satisfaction, including anecdotes and direct client statements
- Production Innovation: details of new services and products launched over the course of 2012
Pathstone’s accolade was based upon the information provided on Growth and Product Innovation
The “Rising Stars in the wealth management and family office industry” is granted by Private Asset Management magazine (PAM), an independent association unaffiliated with Pathstone. PAM’s wealth advisory editorial board nominated a list of its leading peers, based on a criteria of leadership abilities, educational initiatives and philanthropy. The advisory board’s final decision was also based on individuals’ levels of influence in their respective fields. Additional information on the factors involved for inclusion in this ranking can be found at the following location: http://fundintelligence.global/privateassetmanagement/news/rising-stars-wealth-management-and-family-office-industry/
WASHINGTONIAN MAGAZINE
Washingtonian Magazine compiled the list by surveying local financial experts asking: Whom would you trust with your own money? The Washingtonian also did their own research and consulted industry publications. The professionals on the list received the strongest recommendations from all sources. Third party rankings and recognition from ratings services are no guarantee of future investment success. Working with a highly rated adviser does not ensure that a client or prospective client will experience a higher level of performance or results. Ratings should not be considered an endorsement of the adviser by any client nor are they representative of any one client’s evaluation.
BOSTON CHAMBER OF COMMERCE: TEN OUTSTANDING YOUNG LEADERS
Ten Outstanding Young Leaders award recognizes next-gen leaders who show professional, personal and civic commitment to improving the quality of life for all.
07 Our Rights in this Site
Pathstone and/or our suppliers reserve all right, title and interest in and to this Site and all materials, information, and compilations of information available on or through this Site, as well as the domain name, design, layout, and “look and feel” of this Site, the trademarks, service marks, and trade dress related thereto, and all other intellectual property and other proprietary rights embodied therein and appurtenant thereto. You agree that you will have no rights in or to any of the foregoing, express or implied, other than the rights expressly granted in these terms of use, or otherwise expressly granted to you in writing by an authorized representative of Pathstone.
08 Disclaimer of Representations and Warranties
THIS SITE IS PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. PATHSTONE MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED, OR STATUTORY, REGARDING YOUR ACCESS TO OR USE OF THIS SITE, OR THE PRODUCTS, SERVICES OR INFORMATION DESCRIBED ON OR AVAILABLE THROUGH THIS SITE. WITHOUT LIMITING THE FOREGOING, WE EXPRESSLY DISCLAIM ANY AND ALL REPRESENTATIONS AND WARRANTIES OF ACCURACY, COMPLETENESS, TIMELINESS, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT OF THIRD-PARTY RIGHTS. THIS SITE INCLUDES FACTS, VIEWS AND OPINIONS OF INDIVIDUALS AND ORGANIZATIONS DEEMED OF INTEREST. NOTHING CONTAINED ON THIS SITE SHALL BE CONSTRUED AS AN ENDORSEMENT OF THESE VIEWS OR OPINIONS.
09 Contacting Us
If you have questions about these terms of use, the content of this website, or to obtain a copy of our Disclosure Document or Privacy Policy, please contact:
Pathstone
Attention: Chief Compliance Officer
10 Sterling Blvd
Suite 402
Englewood, NJ 07631
