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Pathway Capital Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Pathway Capital Management is a fee-only firm managing money for institutional clients. It is not a money manager for individuals and has no individual clients on its books. If you are looking for a financial advisor for your personal portfolio, consider finding one with SmartAsset’s free financial advisor matching service.

As a fee-only firm, Pathway Capital earns all of its compensation from client-paid fees. A fee-based firm, on the other hand, earns compensation from both client fees and third-party compensation, like securities commissions.

Pathway Capital Management Background

Pathway Capital Management was founded in 1991. It is an independent company wholly owned by several senior professionals at the firm. The principal owners are Douglas K. Le Bon and James H. Reinhardt.

Pathway Capital Management Client Types and Minimum Account Sizes

Pathway Capital Management only works with institutional clients, including pooled investment vehicles, pension and profit sharing plans, state or municipal government entities and insurance companies. The firm does not accept individual clients. If you are looking for an advisor who works with individual clients, consider using SmartAsset’s free financial advisor matching tool.

The firm doesn't list any minimum account size requirements on its Form ADV but does mention specific requirements occurring on a case-by-base basis. 

Services Offered by Pathway Capital Management 

Pathway’s services include:

  • Investment Management services
  • Funds of funds

It notably does not work with individual clients.

Pathway Capital Management Investment Philosophy

Pathway’s literature stresses that a diversified portfolio of high-quality investment funds is key to building a successful private market fund. It also seeks to find the best fund managers to invest with and spends significant time and resources on finding and evaluating the fund managers it invests with.

Fees Under Pathway Capital Management

Pathway Capital Management’s main source of income is investment or management fees. These types of fees are generally based on a percentage of assets under management, but Pathway does not provide a specific fee schedule. Instead, it notes that it may charge an annual fee of up to 1.00% of a client's capital commitments and a 10% carried interest fee. Pathway's fees are negotiable.

What to Watch Out For

Pathway Capital Management has a clean legal and regulatory record, as its SEC-filed Form ADV has no disclosures on it.

Again, remember that this firm does not work with individual clients. If you are looking for that type of service, use SmartAsset’s free financial advisor matching tool.

Opening an Account With Pathway Capital Management 

To create a relationship with Pathway, contact the firm in person, over email or over the phone.

All information is accurate as of the writing of this article.

Tips for Investing

  • Still looking for help with your individual investing needs? SmartAsset's free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • Knowing what you’ll owe in taxes is key to successfully managing your money. Use SmartAsset’s tax calculator to get a sense of what Uncle Sam will be taking from you this year.

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

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Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.