Pathstone, an Englewood, New Jersey-based registered investment advisory firm and family office managing $10.3 billion, has acquired Cornerstone Capital Group, a New York City-based RIA managing $1.1 billion that specializes in sustainable and impact investing.
Cornerstone’s expertise in portfolio construction incorporating sustainable investing principles will enhance Pathstone’s existing efforts in that area, the company said in a release.
Cornerstone's CEO, Erika Karp, will join Pathstone as its chief impact officer. Craig Metrick, Cornerstone's chief investment officer, Katherine Pease, its chief impact strategist, and other Cornerstone staff will also join Pathstone.
Deal adds a $299 million tax-and-wealth practice as the RIA aggregator advances acquisition strategy around integrated financial and tax planning.
Large and mega plans show strongest appetite, but fee confusion persists.
Many people are taking a dangerous gamble with their financial future, new study warns.
Britt is named CFO of Wipfli, a $600 million accounting firm that audits two NFL franchises
The acquisition pairs Zephyr's 21,000-product separately managed account database with YCharts' newly launched AI agent assistant for investment research.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
