Hightower Bellevue Merges with Sovereign


December 14, 2022

On December 12, 2022, Hightower Advisors, LLC announced the merger of Hightower Bellevue and Sovereign Wealth Advisors.

Under the terms of the transaction, Hightower Bellevue, having previously been acquired by Hightower Advisors, has merged with Sovereign Wealth Advisors (“Sovereign”). Financial terms were not disclosed.

Hightower Bellevue, based in Bellevue, Washington, is a registered investment advisor. The transaction brings Hightower Bellevue’s total assets under management to approximately $1 billion. Hightower Bellevue is owned by Chicago-based Hightower Advisors, LLC, a wealth management firm with approximately $132.6 billion in assets under administration and $108.4 billion in assets under management.

Sovereign, based in Bellevue, Washington, is a fee-based independent registered investment advisor. Sovereign manages approximately $350 million in client assets.

To read the press release: please click here.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.