Pathstone merges with $12B Mill Creek Capital Advisors. The Englewood, N.J.-based multifamily office expands its footprint in the Philadelphia region, adding 46 professionals and $12 billion in AUA in the region. Diana Britton, Executive Editor, Wealth Management June 4, 2026 Pathstone, a private equity-backed multifamily office based in Englewood, N.J., has merged with Mill Creek Capital Advisors, a Philadelphia-area registered investment advisor with about $12 billion in assets under advisement. The deal adds 46 professionals, expanding Pathstone's Philadelphia presence to $30 billion in assets and 120 employees. Mill Creek was founded in 2006 by CEO Joshua Gross and Executive Chairman Richard Stevens, and today the firm serves about 450 families and institutions out of Conshohocken, Pa. The two firms began discussing the combination last summer and closed on the deal on June 1. "Pathstone's culture, capabilities, and long-term orientation made this a natural next step for our clients and our team," Gross said in a statement. "Mill Creek brings an exceptional team, deep client relationships, and a highly respected presence in the Philadelphia region," said Matt Fleissig, CEO of Pathstone. "Coming together strengthens our ability to serve ultra-high-net-worth families, single family offices, and institutions with the personalized, differentiated advice they expect from Pathstone in Philadelphia and beyond." Pathstone was founded in 2010 by Fleissig, alongside co-chairmen Steve Braverman and Allan Zachariah, with about $2 billion in assets under management. The firm now has more than 775 employees across 22 offices and $185 billion in total assets. Pathstone's employee-ownership model was introduced in late 2019, following an initial investment from Lovell Minnick Partners, when Pathstone claimed close to $15 billion in assets. Executive Editor, Wealth Management Diana Britton is the Executive Editor of Wealth Management, covering independent broker/dealers and RIAs from all angles. She's also the host of the Jesse H. Neal Award Winning Podcast, The Healthy Advisor, focused on advisor health and wellbeing. A native of Los Angeles, she now lives in Rocklin, Calif.

Awards recognize the firm's industry leadership, growth, and legacyENGLEWOOD, N.J., May 13, 2025 /PRNewswire/ -- Pathstone, a nationally recognized advisory firm providing bespoke family office services and investment advice to ultra-high net worth families, received several major honors at the 2025 Family Wealth Report Awards. These accolades serve as a testament to the firm's industry-leading growth, visionary leadership, and commitment to delivering holistic solutions to the ultra-high net worth market.Notable wins include:Pathstone received the award for Best Multi-Family Office ( $15 billion AuM/AuA and above) , a particularly meaningful win as the firm is celebrating its 15 th anniversary in 2025, a particularly meaningful win as the firm is celebrating its 15 anniversary in 2025 Willow Street , a Pathstone company providing guidance and administration for Wyoming fiduciary structures, was awarded Best Fiduciary or Trust Services, a Pathstone company providing guidance and administration for fiduciary structures, was awarded Steve Braverman, Founding Partner and Co-Chairman of Pathstone, received the prestigious Lifetime Achievement Award"This level of recognition from Family Wealth Report spans leadership, innovation, and firmwide excellence, and serves as a reflection of Pathstone's incredible growth story -- and the depth of our presence within the industry," said Matt Fleissig, CEO and a Founding Partner of Pathstone. "Each award tells a piece of our story including our vision, our people, and our purpose. Together, they reflect our role in redefining what a family office can be."Pathstone: Best Multi-Family OfficePathstone has been named Best Multi-Family Office ($15 billion AuM/AuA and above), a prestigious recognition that celebrates both scale and sophistication. This marks the third time in four years the firm has received this honor, serving as an affirmation of its vision of offering integrated wealth advisory, investment management, trust services, tax planning, and lifestyle solutions is designed to address the complex and evolving needs of the ultra-affluent.Willow Street: Best Fiduciary or Trust ServicesWillow Street was awarded Best Fiduciary or Trust Services, reflecting the firm's dedication and professionalism in serving families of wealth and their advisors at the highest possible level. The judging panel noted the firm's boutique approach, which balances deep technical expertise with a highly personalized service model