Pathstone Grows to $100B Via Hall Capital Merger
Pathstone , a private equity-backed, multifamily office based in Englewood, N.J., has penned an agreement to acquire Hall Capital Partners LLC , a long-standing, bi-coastal registered investment advisor with $45 billion in client assets. The combination will create an RIA with nearly $160 billion in assets under advisement and administration and $100 billion in assets under management.
Pathstone will now have a national footprint with 23 offices across the country and over 750 team members, nearly 300 of whom are equity shareholders. The addition of Hall Capital also gives it a stronger foothold in New York and San Francisco, where the firm is based.
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Focused on the Future: Unlocking the Future of Financial Advising with George Nichols
Veteran industry leader Suzanne Siracuse talks with George Nichols III, CAP® , CEO of the The American College of Financial Services , to uncover strategies for success in financial advising. Nichols shares insights into significant areas for financial advisors, such as specialization, the future of retirement planning and the importance of representation.
Nichols explores how understanding the diverse needs of various communities is crucial for advisors to succeed in the future. He emphasizes that financial advisors must adapt to the evolving landscape by focusing on expertise and representation.
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Ask the Experts: Prepare for Possible Sunset of High Estate Tax Exemption
The estate and gift tax exemption (set at $13.61 million per individual in 2024) is due to expire on Jan. 1, 2026. If Congress doesn’t act, that tax exemption will be cut in half to about $7 million. To help your clients prepare for the real possibility of a reduced exemption, you need to discuss wealth transfer strategies with them and the possibility of “clawback” (that is, the IRS deciding that money that your client has transferred will be considered part of the estate for estate tax purposes).
Our experts will discuss what the sunset will mean for your clients and how to prepare for that possibility. They’ll also answer your pre-submitted questions.
WMIQ Research
Next: The Wealth Management Firm of the Future
What defines a successful firm in 2023? Since firms come in every shape and size imaginable, finding a single definition of success for modern advisors is nearly impossible. This new report digs deep to discover the common factors that define success for advisory firms.
Rather than applying the same bar to every firm, advisors offer their own definition of success – based on their unique clientele, their unique services and the unique way they leverage tech tools. The report also explores what’s driving AUM growth, how advisors are scaling their practices and what their client experience looks like.
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