CONSHOHOCKEN, PA — Pitcairn has announced the acquisition of Brightside Partners, a Baltimore-based Registered Investment Advisor (RIA) focused on serving ultra-high-net-worth (UHNW) clients. This strategic move, combined with the launch of Pitcairn Wealth Advisors LLC, sets the stage for the firm’s continued growth and expansion.
The acquisition strengthens Pitcairn’s alternative investments platform, with Brightside contributing a robust network of over 100 asset managers and research partners across venture capital, private equity, private credit, and real estate. With this addition, Pitcairn now oversees more than $9 billion in advised assets.
“This move represents the latest stage of our evolution as we look to lay the groundwork for the next 100 years,” said Pitcairn President & CEO Andrew Busser. “The core principle of Pitcairn’s acquisition of Brightside and the creation of our new RIA is to provide our clients with access to increased investment options and a modern regulatory structure that reflects the growth of our firm.”
Brightside’s team of five professionals, including partners Pace Kessenich, Ryan Pollard, and Justin Bakewell, will integrate into Pitcairn’s operations and join its Strategic Leadership Council. The transition aims to foster collaboration and enhance the firm’s ability to offer a wider range of tailored investment solutions for multigenerational families of wealth.
“Given Pitcairn’s extraordinary reputation and track record of family office leadership, the Brightside team is extremely pleased to become part of Pitcairn,” said Kessenich. “We’re excited to bring our client-focused company cultures together to amplify what’s possible for the families we are so fortunate to advise.”
This acquisition coincides with the establishment of Pitcairn Wealth Advisors LLC, an RIA designed to complement the firm’s existing trust company and reinforce its Shared Single-Family Office™ model. The new regulatory structure is set to expand investment opportunities while safeguarding the interests of client families.
“As we’ve evolved from a small Pennsylvania family office into a national firm, our growth has surpassed our historical regulatory structure,” noted Pitcairn Chairman Rick Pitcairn. “The launch of Pitcairn Wealth Advisors and the addition of the Brightside team marks a pivotal moment in our journey, enabling us to preserve our legacy while offering broader investment opportunities.”
With this initiative, Pitcairn continues to innovate and build on its century-old foundation, reaffirming its commitment to serving multigenerational families with enhanced resources and a forward-looking strategy.
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