Wealth manager, independent · Englewood, NJ
Pathstone
Pathstone Family Office, LLC · SEC-registered investment adviser · CRD 151736 · SEC 801-70776
At a glance
Pathstone is an SEC-registered investment adviser based in Englewood, New Jersey, with $110B in regulatory assets under management as of its Form ADV filed March 31, 2026. It reports 1,979 individual clients, 1,834 of them high-net-worth, holding an average of about $46 million each, and 704 employees. That ranks it 12th among the nation’s 5,657 independent wealth management RIAs and 1st of 157 in New Jersey. It reports 3 custodians for its clients’ separately managed accounts: Charles Schwab, Fidelity and PNC Bank.
Main office 201-944-7284pathstone.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $110B
- Rank among independent wealth managers
- #12 of 5,657
- Rank among all SEC RIAs
- #240 of 17,210
- Rank in New Jersey
- #1 of 157
- Individual clients
- 1,979
- High-net-worth clients
- 1,834
- Accounts
- 27,165
- Discretionary
- 59% of AUM
- Employees
- 704
- Advisory staff
- 365
- Offices
- 19
Owners and executives on its Form ADV
- Steven B. BravermanCo-Chairman
- Allan J. ZachariahCo- Chairman
- Matthew J. FleissigChief Executive Officer
- Kelly J. MaregniPresident
- Michelle R. JohnstonChief Financial Officer
- Charles P. KeatesGeneral Counsel
- Bliss M. BernalChief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Pathstone reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 1,834 | $91B | 83% |
| Pooled investment vehicles | 165 | $11B | 10% |
| Charitable organizations | 72 | $6.3B | 6% |
| Corporations or other businesses | 23 | $1.9B | 2% |
| Pension and profit sharing plans | 5 | $307M | <1% |
| Individuals | 145 | $74M | <1% |
Private funds
Pathstone reports 161 private funds with $14B in gross assets: hedge funds, private equity funds, venture capital funds, real estate funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Pathstone reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗pathstone.com ↗
People at Pathstone in our coverage
All people →- Matthew Fleissig, CEO
- Kelly Maregni, president
AtlasMembers
The full record on Pathstone
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 47 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 2Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in New Jersey
All of New Jersey →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Private Advisor Group, LLCMorristown | $58B | 166,623 |
| Modera Wealth Management, LLCWestwood | $18B | 5,918 |
| Circle Wealth Management, LLCSummit | $14B | 349 |
| Advisors Capital Management, LLCRidgewood | $12B | 17,842 |
| Simon Quick Advisors, LLCMorristown | $9.0B | 994 |
| SAX Wealth Advisors, LLCParsippany | $3.6B | 1,596 |
Compare Pathstone with
- Pathstone vs Mariner $125B · Overland Park, KS
- Pathstone vs Wealth Enhancement Advisory Services, LLC $122B · Plymouth, MN
- Pathstone vs Mercer Global Advisors Inc. $84B · Denver, CO
- Pathstone vs Kestra Advisory Services, LLC $80B · Austin, TX
- Pathstone vs Private Advisor Group, LLC $58B · Morristown, NJ
Background
Questions
How much does Pathstone manage?
Pathstone reports $110B in regulatory assets under management across 27,165 accounts, 59% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
How many clients does Pathstone have?
It reports 1,979 individual clients: 1,834 high-net-worth individuals and 145 other individuals. Individuals account for about 83% of its regulatory assets.
Where is Pathstone headquartered?
Its main office is in Englewood, New Jersey. It reports 19 offices in total and 704 employees, 365 of whom perform investment advisory functions.
How does Pathstone charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees; performance-based fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Pathstone use?
It reports 3 custodians for its clients’ separately managed accounts: Charles Schwab, Fidelity and PNC Bank. On Schedule D of its Form ADV filed March 31, 2026, it reports these amounts held: Charles Schwab ($28B); Fidelity ($12B); PNC Bank ($9.0B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Pathstone a hybrid RIA with a broker-dealer?
Pathstone reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Pathstone a fiduciary?
As an SEC-registered investment adviser, Pathstone owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Pathstone’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-31), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →