On August 31, 2022, Hightower Advisors, LLC announced a strategic investment in Highland Private Wealth Management.
Under the terms of the transaction, Hightower Advisors, LLC (“Hightower”) has acquired a stake in Highland Private Wealth Management (“Highland”). Financial terms were not disclosed.
Hightower, based in Chicago, is a wealth management firm offering financial and retirement services to both individual and institutional investors. As of June 30, 2022, Hightower had approximately $132.6 billion in assets under administration and $108.4 billion in assets under management.
Highland, based in Bellevue, Washington, is a wealth management firm serving high-net-worth clients. Raymond James’ Asset & Wealth Management Investment Banking Group served as Highland’s financial advisor on the deal.
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