Cornerstone Capital Group, an SEC-registered investment advisor whose mission is to help investors achieve targeted environmental and social impact goals without sacrificing investment performance, has joined with Pathstone, an independently operated, partner-owned advisory firm offering families, family offices, and select nonprofit institutions family office services and customized investment advice. Cornerstone anticipates its experience in sustainable and impact investing will enhance Pathstone’s existing efforts in this increasingly important approach to portfolio construction.
“The depth and laser focus of Cornerstone, together with the scale and strength of Pathstone, now creates the preeminent impact investment advisory platform in the field,” said Erika Karp, Cornerstone’s founder and CEO. “With the mission of achieving a more regenerative and inclusive form of capitalism, we go from strength to strength.”
“Pathstone is extremely proud of our long history of leadership and innovation in Impact and ESG,” said Matthew Fleissig, president of Pathstone. “We believe that by empowering clients to amplify the impact of their investments and aligning their goals with their values, clients can enhance returns and foster positive impact. With Erika and her team set to lead and energize these efforts, Pathstone is set to further establish itself as a real thought leader in this critically important area.”
Karp will serve as Pathstone’s chief impact officer and join Pathstone’s executive and investment committees. Other Cornerstone staff, including chief investment officer Craig Metrick and chief impact strategist Katherine Pease, will join the Pathstone team. With this combination, Pathstone adds offices in Denver and Manhattan.
Morrison & Foerster served as legal counsel for Cornerstone. Nesvold Capital Partners advised Pathstone and Alston & Bird LLP served as legal counsel.