On July 27, 2021, Hightower Advisors, LLC announced its acquisition of Farr, Miller & Washington, LLC.
Under the terms of the transaction, Hightower Advisors, LLC (“Hightower”) acquired Farr, Miller & Washington, LLC (“FMW”). Terms of the deal were not disclosed.
Hightower, based in Chicago, is a full-service wealth management firm, that provides financial, investment, and retirement services to individuals, foundations and family services. Hightower also offers 401(k) consulting and cash management services to corporations. As of June 30, 2021, Hightower had approximately $125.2 billion in assets under administration and $101 billion in assets under management.
FMW, based in Washington, D.C., is a $2 billion wealth management firm that provides institutions, families, and individuals with comprehensive, conservative, long-term investment portfolios and strategic advice.
To read the press release: please click here.