Federal Street Advisors, an independent investment consultant and wealth management firm for individuals, families and nonprofits organizations, and Pathstone Family Office, a Multi Family Office offering in house expertise in investments, tax planning and compliance, estate planning, family education, and philanthropy jointly announced today that Federal Street has merged with Pathstone to create Pathstone Federal Street, a wealth advisory rm with enhanced capabilities to provide truly independent advice and services to both high-net-worth and institutional clients.
“This marks an exciting new chapter for us – it expands our capabilities and offerings in wealth management,” said Steve Braverman Co-CEO of Pathstone Family Office and the new Pathstone Federal Street. “We feel this combination of talents, founded on a strong mutual heritage of multigenerational stewardship and independent advice, will offer broader perspective, deeper services and a robust organization built for the long-term.” “Pathstone Federal Street integrates and leverages each organization’s strengths and expertise,” John LaPann, Founder of Federal Street Advisors and Chairman of the new organization. “Pathstone combines its solid legacy in providing integrated family office services, state-of-the-art technology and operating efficiencies with Federal Street’s long-respected internal manager research, due diligence process, and leadership in sustainable and impact investing.”
“The combination of the two firms will allow many more opportunities for all our clients as it will leverage the talents of our now 65 employees across our 4 offices serving 190 clients representing in excess of $6.5 Billion in total advisory assets,” said Allan Zachariah, Co-CEO of Pathstone Family Office and the new Pathstone Federal Street. “Our partnership and expanded services provide significant opportunities for our employees to grow and uniquely contribute to the individual outcome of each client.” Matthew Fleissig of Pathstone Family Office will become President of the new organization, joined by Eric Godes and Jennifer Murtie of Federal Street Advisors who will share the Chief Operating Officer title at Pathstone Federal Street. Jennifer will also serve as the fi rm’s Chief Marketing Officer. Kristin Fafard of Federal Street will continue as Chief Investment Officer for the combined organization. Matthew Sher will serve as the new fi rm’s Chief Compliance Officer and Chief Technology Officer. In addition, Pathstone Federal Street is proud to name new Managing Directors: Daniel Gross, Kelly Maregni, Janet Mertz, Mark Peters, and Charles Walsh.
Federal Street Advisors was advised by Colchester Partners throughout the course of this undertaking.
ABOUT PATHSTONE FAMILY OFFICE
Pathstone Family Office is an independent, employee and family owned advisory fi rm that offers multigenerational families and institutions strategic wealth management and customized investment services. With decades of experience as trusted advisors, we employ an advocacy-focused model that empowers our clients to define and achieve their unique long-term goals and support their legacy. For more information please visit: www.pathstone.com
ABOUT FEDERAL STREET ADVISORS
Federal Street Advisors provides conflict-free investment consulting and wealth advisory services to a select group of clients, with particular expertise in customized portfolio design, philanthropy, and working with large complex families. Its subsidiary, Old North Advisors, provides comprehensive wealth management services on a discretionary basis. Both firms work with high-net worth individuals, nonprofit organizations, and foundations.
This material and any opinions contained are those of Pathstone Federal Street (“Pathstone”) or derived from sources believed to be reliable. Their accuracy and the opinions based thereon are not guaranteed. The content of this publication is for general information only and is not intended to serve as specific financial, accounting or tax advice. Information regarding references to third-party sites: Referenced third-party sites are not under our control, and we are not responsible for the contents of any linked site or any link contained in a linked site, or any changes or updates to such sites. Any link provided to you is only as a convenience, and the inclusion of any link does not imply our endorsement of the site.
