Clearpath Wealth Management

Stephen Neeleman, the founder and managing partner, is the central decision-maker. His background as a practicing surgeon and co-founder of HealthEquity gives the firm an operator-centric investment lens. The firm does not publicly list a broader investment committee, implying a lean, principal-driven decision structure typical of high-net-worth family offices rooted in a single liquidity event.

The firm formed to manage the wealth Stephen Neeleman created as a co-founder of HealthEquity, the health savings account platform that went public in 2014. It has since opened its doors to a selective group of other Utah-based founders, particularly those from the health-tech and enterprise software sectors. The capital base is concentrated entrepreneurial wealth from founder liquidity events, not a broad retail or institutional pool.

Clearpath participates in both direct investments and fund commitments. Its direct deal history includes early-stage checks into notable Utah and Silicon Valley companies such as Divvy and Qualtrics. The fund commitment side of the strategy is used to access top-tier venture firms that complement the firm's own direct investing network.

Clearpath manages the personal capital of HealthEquity co-founder Stephen Neeleman and is not a corporate venture arm or subsidiary of HealthEquity. However, the HealthEquity alumni and executive network provides a significant sourcing advantage for the office, particularly within the digital health and benefits administration ecosystems.

The firm targets early-stage venture opportunities, often participating in seed through Series B rounds where founder network validation is critical. It also makes growth-stage commitments through its fund investment portfolio. The common thread is backing companies run by operators whom Neeleman and his network can personally reference and evaluate.

Deal flow is generated primarily through the HealthEquity co-founder network and the broader 'Silicon Slopes' technology community in Utah. Neeleman's dual identity as a physician and tech founder places him at the center of both the healthcare disruptor and enterprise software founder circles in the region, allowing for high-propensity deal introductions.

Clearpath does not publicly disclose a separate foundation structure. As a multi-family office, any philanthropic coordination is likely handled as a private wealth advisory service for its client families rather than through a distinct entity with public reporting obligations.