[{"data":1,"prerenderedAt":128},["ShallowReactive",2],{"gql:data:U83xb5on-qDfCU7su2SczYPCXxrQeoo5R_QZ0hnb244":3},{"company":4},{"derivedSeoDescription":5,"derivedSeoTitle":6,"derivedSocialMediaDescription":5,"derivedSocialMediaImage":7,"derivedSocialMediaTitle":6,"logo":19,"heroImage":31,"sectors":42,"companyStatus":47,"slug":50,"name":21,"body1":9,"body2":51,"bodyHeading":52,"bodyImage":53,"description":57,"headquarters":58,"investmentDate":59,"quote":9,"quoteAttribution":9,"quoteImage":60,"websiteUrl":63,"videoId":9,"videoHeader":9,"videoDescription":9,"videoThumbnail":64,"pdfUpload":66,"newsStories":67},null,"Our Portfolio | Pathstone | Lovell Minnick",{"id":8,"alt":9,"caption":5,"assetUrl":10,"assetUrlXs":11,"assetUrlSm":12,"assetUrlMd":13,"assetUrlLg":14,"assetUrlXl":15,"assetUrlXxl":16,"width":17,"height":18},"8","","https://www.lovellminnick.com/system/uploads/fae/image/asset/8/LM-OG.jpg","https://www.lovellminnick.com/system/uploads/fae/image/asset/8/xs_LM-OG.jpg","https://www.lovellminnick.com/system/uploads/fae/image/asset/8/sm_LM-OG.jpg","https://www.lovellminnick.com/system/uploads/fae/image/asset/8/md_LM-OG.jpg","https://www.lovellminnick.com/system/uploads/fae/image/asset/8/lg_LM-OG.jpg","https://www.lovellminnick.com/system/uploads/fae/image/asset/8/xl_LM-OG.jpg","https://www.lovellminnick.com/system/uploads/fae/image/asset/8/xxl_LM-OG.jpg",1200,630,{"id":20,"alt":21,"caption":5,"assetUrl":22,"assetUrlXs":23,"assetUrlSm":24,"assetUrlMd":25,"assetUrlLg":26,"assetUrlXl":27,"assetUrlXxl":28,"width":29,"height":30},"31","Pathstone","https://www.lovellminnick.com/system/uploads/fae/image/asset/31/Pathstone-Logo.png","https://www.lovellminnick.com/system/uploads/fae/image/asset/31/xs_Pathstone-Logo.png","https://www.lovellminnick.com/system/uploads/fae/image/asset/31/sm_Pathstone-Logo.png","https://www.lovellminnick.com/system/uploads/fae/image/asset/31/md_Pathstone-Logo.png","https://www.lovellminnick.com/system/uploads/fae/image/asset/31/lg_Pathstone-Logo.png","https://www.lovellminnick.com/system/uploads/fae/image/asset/31/xl_Pathstone-Logo.png","https://www.lovellminnick.com/system/uploads/fae/image/asset/31/xxl_Pathstone-Logo.png",640,480,{"id":32,"alt":21,"caption":5,"assetUrl":33,"assetUrlXs":34,"assetUrlSm":35,"assetUrlMd":36,"assetUrlLg":37,"assetUrlXl":38,"assetUrlXxl":39,"width":40,"height":41},"30","https://www.lovellminnick.com/system/uploads/fae/image/asset/30/pathstone_hero.jpg","https://www.lovellminnick.com/system/uploads/fae/image/asset/30/xs_pathstone_hero.jpg","https://www.lovellminnick.com/system/uploads/fae/image/asset/30/sm_pathstone_hero.jpg","https://www.lovellminnick.com/system/uploads/fae/image/asset/30/md_pathstone_hero.jpg","https://www.lovellminnick.com/system/uploads/fae/image/asset/30/lg_pathstone_hero.jpg","https://www.lovellminnick.com/system/uploads/fae/image/asset/30/xl_pathstone_hero.jpg","https://www.lovellminnick.com/system/uploads/fae/image/asset/30/xxl_pathstone_hero.jpg",1397,932,[43],{"id":44,"name":45,"slug":46},"22","Financial Services","financial-services",{"name":48,"slug":49},"Active","active","pathstone","# The Opportunity\r\nAt the time of our investment in December 2019, Pathstone was a growing but regionally concentrated multi-family office managing approximately $15 billion in assets under advisement, seeking a partner that could help achieve the national scale its leadership team thought necessary to compete at the highest levels of the UHNW market.\r\n\r\n* **Market Trends:** We identified the firm at the intersection of rapid RIA channel growth, increasing UHNW client complexity, and significant fragmentation across the multi-family office market.\r\n\r\n* **Differentiated Sourcing:** We differentiated ourselves from other potential partners through our sector experience, growth orientation, and partnership-first approach, aligning with management on the longer-term potential of the business as a destination platform.\r\n\r\n# Key Company Highlights\r\n* **Strong Market Position** \r\n \r\n* **Full-Service Capabilities**\r\n\r\n* **Limited Market Exposure**\r\n\r\n* **Scalable IT Platform** \r\n \r\n* **Repeatable M&A Playbook in Significantly Fragmented Market**\r\n\r\n* **Robust Financial Performance** \r\n \r\n* **Strong Management Team** \r\n# Value Creation & Outcomes\r\n* **Talent Alignment & Leadership Build:** We partnered with the management team to build an enhanced employee ownership model, adding sixteen employees as new shareholders at close and bringing total employee ownership to forty-eight of one hundred and ten employees, aligning incentives and strengthening talent retention and recruitment. Concurrently, we partnered with leadership to build executive capacity for rapid growth by hiring a Chief Financial Officer, Chief Operating Officer, Chief Product Officer, Chief Marketing Officer, and Director of M&A to support the firm's scaling trajectory.\r\n\r\n* **Platform Scale & M&A Execution:** We enabled a disciplined, high-velocity acquisition strategy spanning 12 transactions during our ownership by driving transaction processes forward while Pathstone's leadership remained focused on client service and technology development. The firm scaled from approximately $15B in assets under advisement at entry to approximately $160B (including approximately $100B in assets under management), launched 5+ new services, and grew its employee base by over 600% to date during our ownership.\r\n\r\n* **Technology Investment & Differentiation:** We supported the development of a proprietary reporting system that enhanced operational transparency, internal controls, and client experience, complementing the existing.\r\n \r\n* **Industry Recognition & Market Position:** Pathstone ranked #2 on Forbes' Top RIA Firms list in both 2023 and 2024, #8 on Financial Advisor Magazine's 2025 Top RIA list, and received multiple honors at the 2025 Family Wealth Report Awards.\r\n","Setting the Standard in Family Office Services: The Pathstone Story",{"id":54,"alt":9,"caption":5,"assetUrl":5,"assetUrlXs":5,"assetUrlSm":5,"assetUrlMd":5,"assetUrlLg":5,"assetUrlXl":5,"assetUrlXxl":5,"width":55,"height":56},"29",2882,1075,"Founded in 2010, Pathstone provides integrated and customized family office, wealth and investment services to multi-generational families, single family offices, high net worth individuals and institutions, such as charities and foundations, via a technology-enabled open architecture investment platform. 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