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Thursday, February 22, 2024

Hightower Bellevue Merges With $350M RIA Sovereign Wealth Advisors


Hightower Bellevue, a Bellevue, Wash.-based wealth administration agency, has added one other space advisory agency, female-led Sovereign Wealth Advisors, in a deal that brings its property to just about $1 billion. This represents Hightower’s seventh deal this yr and third merger it has facilitated between companies.

Sovereign Wealth brings roughly $350 million to Hightower Bellevue, in addition to a majority feminine management crew, which incorporates Managing Companions and Senior Wealth Advisors Tara Johnson and Sharon Lailey and Associate and Senior Wealth Advisor Scott Sheffield. The agency makes a speciality of monetary and retirement earnings planning, funding and tax administration and property planning.

Lars Knudsen, managing director and companion at Hightower Bellevue, mentioned his agency had related with Sovereign Wealth years in the past, once they labored from the identical constructing.

“Tara, Sharon and Scott are main a superb agency, with constant double-digit progress, and we’re trying ahead to welcoming them and including appreciable bench-strength to our operations,” Knudsen mentioned in a press release.

Hightower has about 131 advisory companies unfold all through 34 states (and the District of Columbia) with about $132.6 billion in property beneath advisement and $108.4 billion in AUM as of the top of June.

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