Pathstone Is Set to Purchase Its Third RIA in 2022

By Chris Glynn


Pathstone Family Office has made its third purchase of 2022, acquiring $3.5 billion Dyson Capital Advisors in Alexandria, Va.


The $35 billion PFO will combine with Dyson Capital to become the largest registered investment advisor (RIA) in Washington, D.C., according to a press release. Sharon Gupta, director of marketing for Pathstone Family Office, did not disclose the cost of acquiring Dyson Capital. PFO is a Bridgewater, N.J., RIA and family office service provider.


The $3 billion private equity firm Lovell Minnick Partners began backing PFO in 2019, providing investor capital for Pathstone Family Office to become a serial RIA acquirer.


Backed via New York-headquartered Lovell Minnick Partners, PFO in March bought $3 billion Eaton Vance WaterOak Advisors, then in May purchased $1.9 billion direct indexer Advisor Partners. Gupta would not comment on if Pathstone Family Office will make another purchase in 2022, claiming the PFO is on the “lookout” for businesses who “share our vision, culture, and strategic plan.”


Kelly Maregni, president of Pathstone Family Office, said Dyson Capital is focused on private investing and alternative asset management, making the company a unique purchase. Gupta noted PFO will complete the deal for Dyson Capital August 1.