Accelerated Wealth Partners (AWP) has entered into a definitive agreement to invest in Pallas Capital Advisors, an independent registered investment advisory firm overseeing approximately $5 billion in client assets. The transaction is expected to close later in 2026, subject to customary closing conditions.Founded in 2019 by Rich Mullen, Greg Boyle, and Charlie Evangelakos, Pallas offers comprehensive tax, trust, estate, and financial planning solutions for corporate executives, business owners, and their families. The firm specializes in concentrated stock holdings, liquidity events, business succession planning, and wealth transfer planning across generations.Under the agreement, AWP will provide growth capital and access to its organic growth and mergers and acquisitions capabilities. Pallas’ founders and partners will continue leading the firm while retaining its existing brand, culture, and client experience.
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The partnership will also expand Pallas’ ownership structure. Five senior leaders, Joe Cullen, James Landry, Eric Lalime, Andrew Krout, and Athol Cochrane, will become equity partners, supporting leadership continuity and long-term succession planning.“We have known and trusted the AWP team for years, and when we decided to bring in a partner, there was never any question about who it would be,” said Rich Mullen, Founding Partner and CEO of Pallas Capital Advisors. “Our ambition is to be the national leader in ultra-high-net-worth wealth management, and our planning capability is what sets us apart. This partnership gives us the resources to pursue that ambition with real conviction while staying true to who we are.”
