Hightower Acquires Stake in Bluerock

INVESTMENT MANAGEMENT DEALS BLOG

November 10, 2021

On October 15, 2021, Hightower Advisors, L.L.C. announced that it will make a strategic investment in Bluerock Wealth Management.

Under the terms of the transaction, Hightower Advisors, L.L.C. (“Hightower”) will acquire a stake in Bluerock Wealth Management (“Bluerock”). The deal is expected to close in the fourth quarter of 2021. Further terms of the transaction were not disclosed.

Hightower, based in Chicago, is a wealth management firm, providing financial, investment, and retirement services to individuals, foundations and family offices. 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.

Bluerock, based in Alpharetta, Georgia, is an independent fiduciary fee-only firm with roughly $700 million in assets under management.

To read the press release: please click here.