Pathstone Family Office Retains Foundation Source

Single-Family Office for Multiple Families will Enhance Philanthropic Capabilities With Nation's Largest Independent Foundation Services Firm

Oct 18, 2010, 09:00 ET from Pathstone Family Office

NEW YORK, Oct. 18 /PRNewswire/ -- Pathstone Family Office, an independent and employee-owned wealth management organization, announced today that it has retained Foundation Source, a provider of philanthropic services to family, corporate and professionally-staffed foundations.  Foundation Source – representing more than $4 billion in foundation assets – will provide administrative and support services to complement the legacy of expertise and counsel Pathstone provides to its client families on philanthropic activities and contributions to their communities at large.

"Giving back is an important part of the lives and legacies of Pathstone's client families and each approaches its philanthropic endeavors in a different way," said Steve Braverman, Managing Director of Pathstone.  "We pride ourselves on taking complete ownership of these unique needs, and with Foundation Source, we are able to significantly enhance our philanthropy offerings and continue in our mission to provide the best in-class service for all of our families."

Pathstone, co-founded by Steve Braverman and Allan Zachariah, former executives of Harris myCFO, delivers customized financial management, investment services and strategic counsel to multi-generational ultra-high net worth families.  

"Our partnership with Foundation Source is a demonstration of Pathstone's underpinning as a single family office for multiple families," said Allan Zachariah, Managing Director of Pathstone.  "The organization's depth of expertise in all areas of philanthropic consulting and compliance is unmatched in the industry."

"We are excited about working hand-in-hand with Pathstone Family Office," said Foundation Source President Andrew Bangser.  "Our deep background and capabilities, coupled with Pathstone's expertise as a single-family office for multiple families will ensure that the families' philanthropic legacies will be optimally sustained for generations to come."

About Foundation Source

Recognized as Philanthropic Group of the Year by the editors of Private Asset Management, Foundation Source is the nation's leading provider of support services for private foundations. The company's full suite of back-office, online and advisory services allows foundations to focus on their mission, strategy and family priorities, and spend less time on administration and compliance tasks. The result: better run foundations with greater social impact.

Foundation Source offers a full range of award-winning services to over 900 private foundations coast-to-coast representing over $4 billion in foundation assets. Foundation Source provides its services independently and through partnerships with the nation's leading private wealth management firms, trust and estate attorneys and CPAs. The company is headquartered in Fairfield, CT with regional offices in Atlanta, Boston, Chicago, Denver, New York City, Philadelphia, Salt Lake City, San Francisco, Los Angeles and Seattle.

About Pathstone Family Office

Pathstone Family Office, with offices in New York City, Atlanta and New Jersey, is an independent, family and employee owned integrated wealth management organization.  With decades of experience as trusted advisors to multi-generational high net worth clients, the Pathstone team employs a fully aligned and advocacy focused model empowering each family to achieve their long-term goals and support their legacy.  For more information on Pathstone, please visit www.pathstone.com.

SOURCE Pathstone Family Office



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