On April 13, 2017, HighTower announced an agreement to acquire WealthTrust.
The terms of the transaction were not disclosed. Silver Lane Advisors LLC acted as financial advisor to HighTower.
WealthTrust is backed by private equity firm Lee Equity Partners, and has approximately $6.4 billion in client assets nationwide.
HighTower is an investment advisory firm specializing in services for sophisticated investors. The acquisition will bring HighTower’s total client assets to almost $46 billion.
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