# Pathlight Wealth Management

Pathlight Wealth Management is an Asset Manager based in San Diego, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** San Diego, United States
- **Region:** North America
- **Address:** Timonium, MD, United States
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** pathlightwm.com

## Regulatory record

- **CRD number:** 331642
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/331642

## About

Pathlight Capital is a private credit investment manager that provides asset-based loans secured on a first or second lien basis against tangible and intangible assets. It offers creative financing solutions so management teams can access incremental liquidity for working capital, debt refinancings, growth, acquisitions, dividends and turnaround strategies.

## Sectors

- Financial Services

## People

- David M. Jones — President & Co-Founder
- Joseph J. Clapp — Co-Founder

## Questions

### Who ran investment decisions at Pathlight Wealth Management?

David M. Jones, the firm's President and co-founder, oversaw investment strategy and client relationships from the firm's launch in 2006 through its sale. His earlier experience included trust and banking roles at major financial institutions before co-founding the independent RIA. Post-acquisition, client assets are managed under the Beacon Pointe platform.

### What happened to Pathlight Wealth Management after 2023?

Beacon Pointe Advisors, a large California-based RIA, acquired the firm in late 2023 and converted its Timonium office into Beacon Pointe's first Maryland location. The Pathlight team remained in place post-acquisition, continuing to serve their existing client base under the new organizational structure.

### What investment approach did the firm use?

Pathlight centered its approach on integrated financial planning, building portfolios from individual securities, third-party separately managed accounts, and mutual funds. The firm allocated across equities and fixed income, with some alternative exposure where appropriate, and emphasized tax-aware construction for clients in distribution phase.

### Why did the founders sell to Beacon Pointe?

Joining Beacon Pointe gave Pathlight access to operational scale, compliance infrastructure, and a broader investment platform, a trade seen across the RIA space as mid-sized firms face rising technology and regulatory costs. The acquisition also allowed Beacon Pointe to enter the mid-Atlantic through an established local team.

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Last updated: 2026-08-11T15:07:41.444Z

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