Pathstone, an independently operated, partner-owned advisory firm offering wealth management advice and family office services for families, family offices, foundations and endowments, has acquired Rex Capital Advisors.

Based in Providence, R.I., Rex offers investment advisory and family office services to a group of ultra-high net worth families and their related entities. Founded in 2002 by Arthur Duffy, Rex Capital originally served as a single-family office. With this deal, the Rex team will immediately access Pathstone’s infrastructure, services and talent, looking to drive the growth of the firm.

 “We’re thrilled to partner with such a culturally aligned group and to continue strengthening our presence in New England, in line with our goal of growing within our existing regional offices,” states Matt Fleissig, CEO of Pathstone.

Morgan, Lewis & Bockius served as legal counsel for Rex Capital Advisors and Alston and Bird for Pathstone.