Pathstone to acquire Crestone Capital LLC

The acquisition continues to strengthen Pathstone's position as the largest independent Registered Investment Advisor ("RIA") focused on serving ultra-high net worth ("UHNW") families
PRNewswireFebruary 19, 20245 min

Pathstone, a partner-owned advisory firm offering comprehensive, highly customized investment advice and family office services, announced it has entered into an agreement to acquire Crestone Capital (“Crestone“). Based in¬†Boulder, Colo.,¬†Crestone¬†delivers a suite of fully integrated investment management and wealth advisory services to an exclusive network of entrepreneurs, business owners, and their families.

Matt Fleissig, CEO of Pathstone, commented on the news, “From the very beginning, we admired¬†Crestone’s¬†culture and approach to working with sophisticated families. The focus on building a firm for ultra-high net worth families is what has historically differentiated both Pathstone and¬†Crestone, making the combination a natural fit and that much more powerful as we seek to build a true multi-generational family office experience for our clients. We could not be more excited to welcome¬†Eric Kramer, who will join our CEO Council and Chief Investment¬†Office and¬†Matt Wiles, who will join Pathstone’s Regional Leadership Team, and¬†the rest of the¬†Crestone¬†team as we continue to grow our presence in the highly attractive Rocky Mountain region.”

Founded in 1991 by Eric Kramer, Crestone advises approximately 150 families representing more than $3 billion in client assets. Crestone is a 100% employee-owned firm with more than 50 employees and offices in Colorado, Texas and California and has deep expertise in working with first-generation entrepreneurs and wealth creators, bringing to bear an institutional approach to investing with a boutique, high-touch, and personalized client service model. Over the last 30 years, Crestone has been widely recognized as a leader both locally and nationally for its growth and leadership working with ultra-high net worth entrepreneurs and executives.

“The rationale for this agreement is simple: we are a better firm, together,” said¬†Eric Kramer, CEO and managing partner of¬†Crestone. “Pathstone’s laser focus on ultra-high net worth clients meshes nicely with our entrepreneurial and largely self-made clients. The advantages of scale are becoming increasingly important in our industry, and Pathstone also offers a number of complementary services that are valued by our clients. We are excited about the future for our clients, shareholders and employees.”

“I have enjoyed getting to know Eric, Matt, and the¬†Crestone¬†team over the past months because we share a common culture and client-centric values,” commented¬†Kelly Maregni, president of Pathstone. “Using that alignment as our foundation, we are eager to work together through integration and continue to enhance our collective value proposition. This combination aligns with our ethos of growing to get better, not just bigger and furthers our commitment to building scale within our existing geographic footprint.”

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