M and A
Deals Of The Day: The Latest In Wealth Management M&A – Hightower, Highland, Trellis Advisors
The latest deals and transactions in and around the North American wealth management sector.
Hightower
Hightower, the
Chicago-headquartered wealth firm, said yesterday that it has
facilitated a sub-acquisition on behalf of Highland Private
Wealth Management (Highland), its advisory business based in
Bellevue, Washington.
Highland has bought Trellis Advisors, a registered investment advisor in Ellensburg, Washington. Trellis, with more than $470 million in assets under management, brings Highland's total AuM to $1.9 billion.
“Bringing Trellis into the Highland family is a natural geographic extension of our advisory services in Washington state as we continue to expand our presence in the Pacific Northwest,” Highland's CEO and founder, John Christianson, said.
As of June 30, 2023, Hightower's AuM stood at about $131 billion.
