The Chicago-headquartered group has worked with a number of organizations, such as a consultancy – in which it invested in 2024 – and business management and family office firm, as it develops its proposition.

Hightower Advisors has expanded its Hightower Family Office operation, also building on its strategic relationship with investment consultancy NEPC.

The family office business gives advisors access to institutional investment consulting, advanced planning, family governance support, tax and estate coordination and business advisory services.

In 2024, Chicago-headquartered Hightower invested into NEPC – an organization that advises on more than $1.5 trillion in client assets across endowments, foundations, pensions, healthcare systems, family offices, and other institutional investors.

Hightower is also expanding access to specialized planning and advisory services through its strategic arrangement with GTBA, a Los Angeles-based business management and family office firm, it said in a statement yesterday. 

“As client needs continue to evolve, advisors increasingly need access to deeper insights and broader resources,” Larry Restieri, CEO of Hightower, said. 

Among recent moves, Hightower signed a deal to acquire one of its flagship franchises, The Bahnsen Group, a firm with about $9.5 billion in assets under management. Earlier in April, Hightower Signature Wealth, a new Hightower Advisors division, added Lexington Wealth Management to its embrace. Hightower expects to announce additional acquisitions into the HTSW brand later this quarter.

See an analysis from last fall about the new Hightower division. Hightower is already one of the country’s 10 largest RIAs.