Pathstone, an advisory firm offering wealth management advice and family office services for high-net-worth families, family offices, foundations and endowments, has purchased Brainard Capital Management.

Based in Austin, Texas, and founded by Owen Brainard in 2004, Brainard offers investment consulting and advisory services to a group of ultra-high-net-worth individuals and families with a focus in the technology space. The firm advises on approximately $2 billion in combined assets under management and administration. By joining with Pathstone, Brainard looks to access Pathstone’s infrastructure as well as an expanded suite of services and talent to broaden the scope of services available to existing clients and drive growth in the market segment.

“This addition not only brings incredibly talented individuals with unique skill sets to our organization but bolsters our presence in the high-growth Austin market,” says Kelly Maregni, president of Pathstone.

Republic Capital Group served as financial advisor and Kastner & Gravelle served as legal counsel for Brainard Capital Management while Alston & Bird served as legal counsel to Pathstone.