Mark Tibergien, the former head of the RIA custody business for BNY Mellon’s Pershing, has started his first gig since leaving that post on June 1.
The popular industry speaker and writer is now a board member of Pathstone, a $20 billion RIA and family office in Englewood, New Jersey, which recently gobbled up Cornerstone Advisors of Bellevue, Washington.
“I am excited to join the board of Pathstone,” said Tibergien, in a statement. “I have known Pathstone and the team for many years and have watched them grow and be recognized as an innovating force in the family office and wealth management business.”
Tibergien, who was with Pershing for about 13 years, joins Ron Cordes of the Cordes Foundation, which is focused on impact, as an independent Pathstone board member.
In May just ahead of his exit from Pershing, Tibergien told ThinkAdvisor: “Many advisor has been reminding me, ‘Stay retired for the summer.’ I keep getting lots of reminders that I’ve worked for a number of years. It’s hard to just stop, but I can take a break and figure out what to do. That’s the plan.”
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Pathstone is pleased with his new role. “We are incredibly excited and honored for Mark to be joining our board,” Allan Zachariah, Co-CEO of Pathstone, explained in a press release.
“Mark was part of the discussion eleven years ago when Pathstone was just an ‘idea,’ and he gave an instrumental industry keynote address to our leadership team at our January 2017 offsite,” Zachariah added. “With Mark now joining our board, he has come full circle with the firm.”
In November, the private-equity firm Lovell Minnick Partners acquired an equity stake in Pathstone for an undisclosed sum.
“With the addition of Mark’s experience and deep appreciation for our industry leadership and innovation, Pathstone will continue the great path of being recognized as a national fiduciary advisory firm,” Cordes said in a statement.