Michael Stolper

Michael Stolper General Information

Description

Mr. Michael Stolper serves as Co-Chairman at Pathstone. He founded and served as Partner & Chief Executive Officer at Veritable Investment Consultants. He is a 1977 graduate of the University of Pennsylvania where he studied Natural Sciences and courted Jane. By the time he graduated he knew that he would not be able to support himself watching birds so he borrowed some money from my brother and traveled around the world for nine months on the $5 per day plan. When he returned to Philadelphia in early 1978, he finagled a job as a broker at Kidder Peabody, a firm that apparently would hire anyone back then. With the exception of a six-week detour in 1981 as an institutional bond salesman with First Boston, he stayed at Kidder for nine years mostly writing investment plans and selling stocks and bonds to a small group of affluent clients. When one of those clients challenged me to start a firm that would objectively advise families about their investments, he was a reluctant but impressionable audience and he took the plunge. With the birth of the first of our four daughters imminent, he took a 50% pay cut and set up a tiny registered investment advisor [RIA] in the suburbs of Philadelphia. From those humble beginnings has grown one of the largest independent RIAs in the country. Along the way, Jane and he raised our four girls, he learned to row and he went back to my roots by joining the National Audubon Society board. He recently joined the board of the Children's Hospital of Philadelphia Foundation which is an easy charity for me to understand.