CHICAGO, Oct. 20, 2020 /PRNewswire/ — Hightower in the present day introduced it has made a strategic funding in Hart Monetary Group, an $800 million monetary advisory enterprise in Austin, Texas, that gives wealth administration companies to enterprise house owners, executives and multi-generational households. Hightower’s middle- and back-office help, enterprise consulting and collaborative neighborhood will allow Hart Monetary Group to spend extra time with shoppers and speed up progress.
Based in 1990, Hart Monetary Group’s holistic strategy focuses on monetary planning, asset administration, threat administration and tax-planning methods. Hart Monetary Group has 12 workers, together with 5 advisors.
“Hart Monetary Group is a sturdy workforce with a powerful succession lineup of advisors poised for additional progress. We could not be extra excited to supply the infrastructure, enterprise technique and help to energy the following section of their enterprise improvement,” mentioned Bob Oros, CEO of Hightower. “Hart Monetary Group’s information of funding administration, wealth switch methods and insurance coverage options really make their advisors stand out. We’re thrilled to be including their expertise and expertise to the Hightower neighborhood.”
Together with this transaction, Hightower’s eighth in 2020, the agency now has 113 advisory companies in 33 states.
“Hightower’s infrastructure, collaborative tradition and help for entrepreneurship will allow us to develop our enterprise, deepen our consumer relationships and spend extra time on our shoppers’ monetary planning,” mentioned Corey Hart, founder and associate of Hart Monetary Group. “We’re excited to leverage Hightower’s strategic steerage and complete set of advisor-focused sources and instruments to reinforce our companies and scale.”
Hightower presents independent-minded advisory companies a capital-rich associate and customizable suite of companies designed to assist speed up each natural and inorganic progress. Along with capital, Hightower supplies a sophisticated, built-in advisor platform – together with know-how, compliance, accounting, payroll, human sources, funding analysis/due diligence and advertising and marketing companies. Advisory teams that associate with Hightower additionally acquire entry to enterprise improvement consulting, management and workforce improvement, economies of scale, deep trade relationships and a supportive advisor neighborhood.
As of Sept. 30, 2020, Hightower’s belongings below administration (AUA) have been roughly $81.four billion and its belongings below administration (AUM) have been $61.6 billion.
The transaction closed on October 16, 2020.
Hightower is a wealth administration agency that gives funding, monetary and retirement planning companies to people, foundations and household workplaces, in addition to 401(ok) consulting and money administration companies to firms. Hightower’s capital options, operational help companies, measurement and scale empower its vibrant neighborhood of independent-minded wealth advisors to develop their companies and assist their shoppers obtain their imaginative and prescient of “well-th. rebalanced.” Primarily based in Chicago with advisors throughout the U.S., the agency operates as a registered funding advisor (RIA). Be taught extra about Hightower’s collaborative enterprise mannequin at www.hightoweradvisors.com.
Securities provided via Hightower Securities, LLC member FINRA/SIPC. Hightower Advisors, LLC is a SEC registered funding advisor.