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Pathstone to Acquire Veritable LP

PR Newswire - Mon Jul 17, 2023

ENGLEWOOD, N.J., July 17, 2023 /PRNewswire/ -- Pathstone, a partner-owned advisory firm offering comprehensive, highly customized investment advice and family office services, today announced it is joining forces with one of the first and largest multi-family offices in the U.S., Veritable LP ("Veritable"). Pathstone is acquiring Veritable from its management partners and Affiliated Managers Group, Inc. (NYSE: AMG), a leading partner to independent investment management firms globally. Upon completion of the deal, Pathstone's Assets Under Advisement and Administration (AUA) will exceed $100 billion, with Pathstone providing services to an additional 200 clients who average over $75 million in assets.

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