# Clearpath Wealth Management

Clearpath Wealth Management is a Multi Family Office based in Overland Park, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Overland Park, United States
- **Region:** North America
- **Address:** Salt Lake City, UT, United States
- **Assets under management:** Under $500M (Altss estimate)
- **Website:** clearpathwm.com

## Regulatory record

- **CRD number:** 116029
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/116029

## About

Clearpath Wealth Management, L.C. is a state-registered investment adviser in Overland Park, KS. The firm manages $64 million in assets. It has 4 employees and 4 investment advisers.

## Sectors

- Enterprise Software
- Consumer Internet
- Digital Health

## People

- Stephen D. Neeleman — Founder and Managing Partner

## Questions

### Who makes investment decisions at 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.

### How did Clearpath Wealth Management form, and whose capital does it manage?

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.

### Does Clearpath invest directly in companies or only through funds?

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.

### What is Clearpath's relationship with HealthEquity?

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.

### What investment stages does Clearpath typically target?

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.

### How does Clearpath source its investment opportunities?

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.

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Last updated: 2026-07-06T01:24:14.225Z

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