Hightower

Hightower is a leading wealth management firm that offers a comprehensive suite of services, including investment management, financial planning, and wealth advisory services. The company caters to high-net-worth and ultra-high-net-worth individuals, foundations, and family offices. Hightower takes a holistic approach to wealth management, focusing not only on clients' investment portfolios but also on their overall well-being, which the firm refers to as "well-th. rebalanced."

Hightower's core offerings include investment management, financial planning, and wealth advisory services tailored to meet the complex needs of its affluent clientele. The firm has developed a range of value-added services to support its advisors and clients, such as trust services, estate planning, tax optimization, business management services, and personal CFO services. In March 2022, Hightower received approval from the US Office of the Comptroller of the Currency (OCC) to establish the Hightower National Trust Company, enabling it to provide trust services to clients.

Through strategic investments and acquisitions, Hightower has expanded its capabilities to better serve its clients. In April 2020, the firm invested in Wellspring Associates, strengthening its tax and estate planning services. In January 2022, Hightower made a strategic investment in Grant Tani Barash & Altman, a business management firm in Los Angeles, to offer personal CFO services to its advisors and clients.

As of June 30, 2022, Hightower managed USD 108.4 billion in assets under management (AUM) and had approximately USD 132.6 billion in assets under administration. The firm's organic growth rate for 2021 was an annualized 9%, significantly outpacing the industry average. Hightower has pursued an active M&A strategy, completing 13 transactions in 2021 and three more in the first half of 2022, contributing to substantial year-over-year revenue and EBITDA growth.