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.