Pathstone, a partner-owned and private equity–backed registered investment advisory firm providing investment advice and family office services on more than $35bn in client assets for families, foundations and endowments, announced it has entered into an agreement to acquire Dyson Capital Advisors.
Based in Alexandria, Va., Dyson was founded in 2007 by Nicholas Perrins and Scott Darling, with Sarb Shah joining as a partner in 2013. Dyson oversees $3.5bn in mostly nondiscretionary assets for approximately 80 clients, the vast majority of whom are ultra-high-net-worth individuals.
This is the third acquisition Pathstone, backed by private equity firm Lovell Minnick Partners since 2019, has made in 2022. In May, the firm acquired direct indexer Advisor Partners, with $1.9bn in assets. In March, Pathstone bought a $3bn portion of Eaton Vance WaterOak Advisors from Morgan Stanley.
Read more: Wealth Management
