Pathstone to acquire Crestone Capital.

Pathstone, a partner-owned advisory firm, agreed to acquire Crestone Capital, a provider of wealth management and investment advisory services. Financial terms were not disclosed. "The rationale for this agreement is simple: we are a better firm, together. Pathstone's laser focus on ultra-high net worth clients meshes nicely with our entrepreneurial and largely self-made clients. The advantages of scale are becoming increasingly important in our industry, and Pathstone also offers a number of complementary services that are valued by our clients. We are excited about the future for our clients, shareholders and employees," Eric Kramer, Crestone CEO and Managing Partner.