Pathstone Family Office hung out its shingle as an independent, family- and employee-owned wealth management organization on Tuesday, June 1, according to an announcement from the firm. Pathstone was founded by veteran wealth managers Steve Braverman and Allan Zachariah, former executives of Harris myCFO Investment Advisory Services. The firm, which has offices in New York; Atlanta; and Englewood, N.J., currently serves some 20 families, representing combined assets under advisement of more than $2 billion.
Pathstone offers affluent families investment advisory, income tax planning and compliance, wealth transfer planning and a full suite of financial administration services, the statement said. The in-house Pathstone team of some two dozen professionals provides a low employee-to-client ratio in order to ensure timely and informed advice and guidance.
“The Pathstone business and philosophy-’of families, for families’-reflects the founding tenet of Family Office, enabling us to deliver the focused financial management, investment services and strategic counsel our clients require, with personal investment in ensuring their continued success,” Braverman said in the statement. “Our heritage and experience allows us to align completely with our client’s interests, and deliver a broad array of family centric wealth management solutions to help them to achieve their long-term goals and support their legacy.”
Prior to co-founding Pathstone, Braverman served as president of Harris myCFO. The firm’s statement noted that Worth Magazine recently identified him as a “Leading Wealth Advisor” and profiled him in their May/June 2009 issue. In 2007, he was nominated by Institutional Investor’s “Private Asset Management” magazine for Family Office of the Year.
Zachariah was a managing director of Harris myCFO before co-founding Pathstone. A CPA, he has also served as a partner and national director of estate planning for Grant Thornton and as a partner and member of the national estate and gift planning team at BDO Seidman, both in Atlanta. He began his career as an accountant with the Louisville office of Arthur Andersen, developing the office’s family wealth practice.
Michael S. Fischer ([email protected]) is a New York-based financial writer and editor and a frequent contributor to WealthManagerWeb.com.