On the heels of two recent acquisitions, Englewood advisory firm Pathstone announced its leadership succession plan May 31. Current President Matthew Fleissig will assume the role of CEO and Chief Advisory Officer Kelly Maregni will become president, effective July 1.

Fleissig, a founding partner of the firm, will succeed current co-CEOs Steve Braverman and Allan Zachariah, who will become co-chairmen of the firm.

Zachariah said the firm, which was founded in 2010, began its leadership succession more than five years ago.

“Matt has the insight, devotion, and skillset to steward Pathstone through the next generation of growth for our clients and team. Steve and I are confident and proud to hand over the CEO baton to him,” he added in a statement.

Braverman echoed those sentiments, saying that “Matt personifies the energy, passion, and vision that has made Pathstone the special organization it is today.”

Maregni, who will step into Fleissig’s current role, joined Pathstone with the Federal Street Advisors merger in 2015.

“Kelly’s vision and care for the firm’s culture have helped Pathstone evolve into a dynamic business. In addition, Kelly has done incredible work to refine the client experience, leading over 200 advisors across Pathstone’s 12 offices,” Mark Tibergien, an independent board member, said in a statement. Her perspective as an advisor and a leader is a huge asset to Pathstone as it enters its next growth phase.”

Pathstone is an independently operated, partner-owned advisory firm that offers comprehensive family office services and investment advice for families, family offices, and foundations and endowments. The firm has been building on its services in recent months, including the acquisition of technology firm California-based Advisor Partners, announced May 27, as well as that of Eaton Vance WaterOak Advisors, based in Florida, which was announced March 31.