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Pathstone Expands Philadelphia Presence Through Combination with Mill Creek Capital

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3 months ago

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The addition of Mill Creek, which advises approximately $12 billion in assets, deepens Pathstone’s regional presence and further strengthens Pathstone’s talent pool, services and capabilities aimed at serving ultra-high-net-worth families, single family offices, and institutions

PHILADELPHIA, June 4, 2026 /PRNewswire/ — Pathstone, a privately owned multigenerational wealth management and family office firm serving ultra-high-net-worth families, single family offices, and institutions across the United States, today announced that effective June 1st, 2026, it has combined with Mill Creek Capital Advisors, LLC (“Mill Creek”).

The combination brings together two firms with deeply aligned cultures and values, and a shared commitment to exceptional client experience. Founded in 2006 and headquartered in Conshohocken, Pennsylvania, Mill Creek is an independent RIA serving approximately 450 families and institutions representing nearly $12 billion in assets. Together with Pathstone’s existing office in Newtown Square, PA, the combined firm has one of the largest independent RIA footprints in the Philadelphia metro region and will unite two offices with a longstanding history and mutual respect.

A Shared Vision for Intentional Growth

Pathstone’s approach to growth is grounded in the belief that greater scale should enhance clients’ experience, expand capabilities, and create meaningful opportunities for team members across the organization. The combination with Mill Creek reflects that philosophy.

“From our earliest conversations, it was clear that Pathstone and Mill Creek shared a common view of what matters most: serving clients with depth, care, objectivity, and continuity,” said Joshua Gross, Chief Executive Officer of Mill Creek Capital Advisors. “Pathstone’s culture, capabilities, and long-term orientation made this a natural next step for our clients and our team.”

“Mill Creek brings an exceptional team, deep client relationships, and a highly respected presence in the Philadelphia region,” said Matt Fleissig, Chief Executive Officer of Pathstone. “Coming together strengthens our ability to serve ultra-high-net-worth families, single family offices, and institutions with the personalized, differentiated advice they expect from Pathstone in Philadelphia and beyond.”

About the Combination

Despite decades of familiarity between Mill Creek and Pathstone, formal conversations around a combination only began in the summer of 2025. During that initial meeting, both parties quickly recognized a shared vision, values system, and commitment to both the client and employee experience. That alignment served as the foundation in the months that followed as discussions progressed.

Key transaction highlights include:

Mill Creek advises approximately $12 billion in assetsMill Creek serves nearly 450 families and institutionsThe combination adds 46 professionals to PathstoneClosed effective June 1st, 2026

The combination significantly impacts Pathstone’s presence in the Philadelphia region. The combined organization now has over 120 team members and advises on nearly $30 billion in assets between the Conshohocken and Newtown Square offices.

Colchester Partners, LLC served as the financial advisor and Cozen O’Connor, LLP served as legal counsel to Mill Creek. Alston & Bird LLP served as legal counsel to Pathstone.

About Pathstone

Pathstone is an investment and wealth advisory firm serving individuals and families of significant wealth, family offices, and institutions. Pathstone offers investment advisory, wealth and legacy planning, professional services, and many aspects of lifestyle management, delivered in-house and integrated into a highly personalized client experience. Founded in 2010 to serve a handful of anchor clients, Pathstone has since grown to 775+ team members across 22 offices (including affiliate firms, as of December 31, 2025, with approximately $185 billion in aggregate assets (encompassing Pathstone Family Office LLC [$125B] plus affiliate firms [$62B] as of December 31, 2025; includes regulatory assets under management, assets under advisory, and assets under administration.) Pathstone is privately owned, with significant employee participation, and is backed by Kelso & Company (“Kelso”) and Lovell Minnick Partners (“LMP”).

About Mill Creek Capital Advisors

Founded in 2006, Mill Creek Capital Advisors is an independent registered investment adviser headquartered in the Philadelphia area. The firm provides advisory and investment management services to ultra-high-net-worth families, single family offices, and institutions, with approximately $12 billion in assets under advisement/management. Mill Creek is committed to helping clients simplify the complexities of wealth through objective advice, customized investment solutions, and long-term relationship management.

Media inquiries:

KCSA Strategic Communications

Kristin Cwalinski

Pathstone@KCSA.com

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Changhong at IFA 2026: From Going Global to Going Local

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52 minutes ago

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September 6, 2026

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BERLIN, Sept. 6, 2026 /PRNewswire/ — At IFA 2026, Changhong unveiled a new lineup of AI-powered home appliances spanning TVs, refrigerators, air conditioners and laundry appliances. Centered on real-life scenarios, the company is bringing AI technologies designed to better understand everyday needs into the product experience, highlighting its transition from technological innovation toward more intuitive living experiences. The showcase also signals Changhong’s continued localization efforts.

The concept comes to life across Changhong’s latest AI products. The Q60S Pro TV features the Changhong LeDong AI sports platform, extending the TV beyond a traditional content screen into a space for family fitness and interaction. An AI human-sensing air conditioner can recognize users’ locations and habits and adjust airflow accordingly, while an AI refrigerator uses intelligent sensing to help users take a more proactive approach to food freshness. Rather than adding complexity, Changhong is making everyday life simpler.

This is at the heart of Changhong’s exploration of “seamless technology”—technology that works quietly in the background. The best technology does not always need to be seen; it simply helps people worry less.

A distinctive cultural element is also finding its way into Changhong’s smart product experience. The brand has incorporated the giant panda into AI assistant interactions, bringing greater warmth and approachability to AI-powered TVs and other home appliances. Closely associated with Changhong’s Sichuan heritage, the panda also provides a natural way to bring a recognizable element of Chinese culture into the technology experience.

Skiing offers another bridge to European lifestyles. In recent years, Changhong has continued to strengthen its presence in Europe with CHiQ as an important brand vehicle, building closer connections with local consumers through sports partnerships, including sponsorship of FIS Ski World Cup events in Germany, collaboration with the German Ski Association and its role as an official partner of the FIS Ski Jumping World Cup. More than a sporting platform, skiing allows CHiQ to connect the speed, passion and outdoor spirit of the sport with its product experience, bringing technology closer to the way European consumers live.

Behind these initiatives is a deeper commitment to localization. From product experience and brand expression to sports, culture and local lifestyles, Changhong is creating more diverse touchpoints with the European market. From “going global” to “going local,” the company is moving beyond products and channels toward a deeper integration of its brands, technology and the markets it serves.

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CoolFly to Showcase Personal Flight Portfolio and NA80 Flight-Control Technology at IFA Berlin 2026

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3 hours ago

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September 6, 2026

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Dream ST will be on display as CoolFly highlights flagship Urban, high-performance Dream Pro and its expanding global dealer network

BERLIN, Sept. 6, 2026 /PRNewswire/ — CoolFly, a developer of personal electric aircraft and eVTOL technologies, is showcasing its Dream ST personal aircraft at IFA Berlin 2026, taking place September 4–8 at Messe Berlin.

Dream ST is on display at CityCube Hall B, Booth CCBB-143, in IFA’s Mobility area. While Dream ST is the aircraft physically presented at the show, CoolFly is also introducing its broader product portfolio, including high-performance Dream Pro and flagship Urban.

Dream ST is a lightweight, single-seat electric aircraft designed for personal and recreational flight, featuring a seated configuration and quick-fold design for easier transportation and storage.

Dream Pro extends the platform with greater payload, endurance and performance. It supports a maximum payload of 120 kg, reaches a maximum speed of 100 km/h, and can achieve up to 40 minutes of flight time with a 70 kg pilot onboard, depending on operating and environmental conditions.

Urban, CoolFly’s flagship personal aircraft, features a standing-position configuration and enclosed-propeller architecture, reflecting the company’s effort to create a more intuitive and distinctive personal flight experience.

All three aircraft share CoolFly’s self-developed NA80 flight control system. NA80 uses a dual-redundant architecture with two independent flight-control units, each integrating three aviation-grade inertial measurement units (IMUs). The system continuously monitors aircraft attitude and motion, supports millisecond-level fault detection and failover, and serves as a common technology foundation across CoolFly’s product portfolio.

Dream ST, Dream Pro and Urban have all obtained CE and FCC certifications for applicable product compliance requirements, supporting CoolFly’s continued international expansion.

CoolFly is also actively recruiting dealers, distributors and commercial partners worldwide, with a current focus on Europe, North America, Australia, the Middle East and other key markets.

Prospective partners and media are invited to visit CoolFly at IFA Berlin 2026, CityCube Hall B, Booth CCBB-143.

About CoolFly
CoolFly develops personal electric aircraft and eVTOL technologies, integrating aircraft design, propulsion and self-developed flight-control systems to make personal flight more accessible.

Media: press@coolflyaircraft.com
Business: support@coolflyaircraft.com

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Experience AI Companion in Everyday Life at Hisense IFA 2026

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4 hours ago

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September 6, 2026

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BERLIN, Sept. 6, 2026 /PRNewswire/ — Hisense, a leading brand in global consumer electronics and home appliances, is inviting visitors at IFA 2026 to experience how AI can make everyday home routines simpler and more intuitive. Under the theme “Innovating a Brighter Life,” the Hisense AI Companion Suite, powered by ConnectLife, brings connected intelligence to the kitchen, laundry and living spaces.

Step into the kitchen and a simple question— “What should I make?”—can set the experience in motion. The AI Companion Refrigerator recognizes stored ingredients and suggests meal ideas based on personal preferences. Once a recipe is selected, it can sync with the AI Companion Oven to support automatic cooking, while the AI Companion Wine Cabinet recommends pairings and maintains suitable storage conditions. After the meal, the AI Companion Dishwasher recognizes dish conditions and adjusts cleaning, demonstrating how AI can support the journey from planning dinner to cleaning up.

In the laundry area, visitors can see how the AI Companion Laundry Suite turns a routine load into a simpler, more automated experience. By recognizing clothing characteristics, it selects suitable wash and dry cycles and adjusts the process automatically, creating a load-and-go experience.

The experience continues in the living space. The AI Companion Air Conditioner senses indoor conditions and user presence, adapting airflow as people move through the room. Meanwhile, the AI Companion Energy System considers weather and time-of-use electricity pricing to help optimize household energy use.

Building on ConnectLife’s support, Hisense is collaborating with Alexa+ to be among the first home appliance brands bringing smart home devices to Amazon’s Alexa+ AI assistant using Amazon’s new Smart Home AI Toolkit. Available in the coming months, Alexa+ customers will be able to control select Hisense air conditioners by simply saying what they need. Alexa+ will then map the request, navigate the settings, and complete the action for them.

Hisense’s approach to innovation has also earned recognition at IFA, with several of its products receiving awards. The Multi Function II Series, an all-in-one energy-saving HVAC solution, received a Winner Award, while the X-zone Master was named an Honoree. The U8 Air Master Air Conditioner, W60 3D Kitchen-fit Series and 60cm Integrated Wine Cabinet were also recognized that underscores Hisense’s focus on combining intelligent technology, thoughtful design and everyday usability.

Across these IFA scenarios, Hisense brings its Smart Home Companion capabilities to life through V AIOS, giving devices the ability to Sense what is happening, Think through what to do, Communicate naturally with users and across devices, and Execute tasks by orchestrating devices and services autonomously. Together, these capabilities help AI Companion Suites understand context, make decisions and take action, helping the home do more while asking less of its users.

About Hisense

Hisense, founded in 1969, is a globally recognized leader in home appliances and consumer electronics with operations in over 180 countries, specializing in delivering high-quality multimedia products, home appliances, and intelligent IT solutions. According to Omdia, Hisense ranks No. 1 globally in the 100-inch and over TV segment (2023-2026H1). As The Origin of RGB MiniLED, Hisense continues to lead the next-generation RGB MiniLED innovation. As the official sponsor of the FIFA World Cup 2026TM, Hisense is committed to global sports partnerships as a way to connect with audiences worldwide.

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