Pathstone, a partner-owned advisory firm offering comprehensive, highly customized investment advice and family office services, agreed to acquire Veritable, an investment and wealth advisory firm, from Affiliated Managers Group, a partner to independent investment management firms globally. Financial terms were not disclosed. "Veritable changed everything in the UHNW advisory business – they have a rich history of creating what today we call a multi-family office, and they understand what it means to deliver differentiating advice to UHNW families. Together with Veritable, we are creating a firm that is truly in a category of one. While today marks a significant milestone for Pathstone surpassing $100bn in AUA, we are equally excited to bring together two firms founded with a mission of providing best-in-class, innovative client solutions. Together we will leverage the combined knowledge and skillsets of our organizations to provide an enhanced level of service to our clients, creating a firm with scale that is unmatched in our industry," Matthew Fleissig, Pathstone Co-Founder and CEO.