The latest deals and transactions in and around North American wealth management.
Chicago-based wealth manager Hightower has made an investment in Bickling Financial Services, a Lexington, Massachusetts-based registered investment advisor.
With 14 employees, Bickling Financial Services provides wealth management and financial planning services designed to help clients achieve their long-term personal and financial goals, with about $625 million in assets under management.
“As a firm, we have experienced tremendous growth over the past few years,” said Spencer Betts, CFP®, who, along with his brother, Andrew Betts, MBA, CFP®, oversees the family-owned business.
“To continue achieving our growth goals, we knew we needed a strategic partner that could help us scale the business and invest in its future. After speaking with several options in the marketplace, we concluded that Hightower has the right combination of resources and value-added services that will allow us to both serve clients and take the business to new heights,” he continued.
Bickling Financial Services has strong ties to communities in New England and throughout the Northeast. Throughout its history, the firm said it has largely served affluent and high net worth client households.
Hightower is a wealth management firm that provides investment, financial and retirement planning services to individuals, foundations and family offices, as well as consulting and cash management services to corporations, with assets under management of $113.7 billion.
The move follows a series of transactions made by Hightower. For more, please see here.