Sovereign Wealth Advisors specializes in economic and retirement income scheduling, financial commitment management, tax administration and estate organizing
CHICAGO, Dec. 12, 2022 /PRNewswire/ — Hightower today introduced that it has facilitated a strategic merger involving Hightower Bellevue and Sovereign Prosperity Advisors, an about $350 million independent fee-dependent SEC-registered investment decision advisor firm in Bellevue, Washington. The merger brings Hightower Bellevue’s belongings to practically $1 billion.
Sovereign Prosperity and its advisors have been delivering wealth management and monetary assistance to consumers throughout the Pacific Northwest for more than 30 many years, specializing in economic and retirement earnings setting up, expenditure and tax management and estate setting up. Sovereign Wealth’s the vast majority-female leadership group is poised for continued exponential advancement.
The Sovereign Prosperity management group involves Scott Sheffield, Spouse, Senior Prosperity Advisor Tara Johnson, Taking care of Spouse, Senior Prosperity Advisor and Sharon Lailey, Taking care of Husband or wife, Senior Prosperity Advisor.
Lars Knudsen, handling director and husband or wife at Hightower Bellevue, stated how the corporations are aligned culturally and that he is eager to forge deep ties with this quick-escalating and ahead-seeking company.
“We are lucky to currently know and value the Sovereign Prosperity staff and the price they provide to their purchasers,” Knudsen stated. “We connected with them many years ago, when our firms labored from the identical making and have often thought of the mutual advantages of a partnership. Tara, Sharon and Scott are main an superb firm, with constant double-digit progress, and we are seeking forward to welcoming them and including appreciable bench-energy to our operations.”
With a lot more than two decades of encounter in wealth management, Johnson is actively involved in serving prosperity management purchasers and taking care of institutional organization retirement strategies. She has also served as a commissioner for the CFP® Board’s Disciplinary and Ethics Fee in Washington, D.C.
“By this partnership, we will be equipped to give our purchasers with all the methods they have to have, now and for decades to occur,” Johnson claimed. “We are excited to bolster our culture by aligning with a likeminded agency. On top of that, we are eager to make use of the many methods Hightower offers through an array of worth-additional companies.”
The Hightower M&A group has experts focused to supporting Hightower advisory enterprises execute mergers and sub-acquisitions—providing sourcing, valuation, deal structuring, due diligence, legal and regulatory, pre- and put up-shut integration, and capital assets for transactions.
“We are passionate about doing work with our advisory companies to enable them grow, both equally organically and inorganically,” stated Hightower Chairman and CEO Bob Oros. “From the begin, it was obvious that Sovereign Wealth and Hightower Bellevue align on culture, values and progress-orientation. We are enthusiastically powering the growth of the Hightower presence in the Pacific Northwest.”
In addition to inorganic support, Hightower features its 131 advisory enterprises in 34 states and the District of Columbia a assortment of expert services designed to catalyze and speed up organic progress, together with business enhancement consulting, management and team progress, expertise acquisition, internet marketing help, technologies, investment decision management assets, compliance, accounting, payroll and human resources. Advisors profit from streamlined access to the Hightower National Have confidence in Organization, estate & monetary preparing, and business administration services such as individual CFO, bookkeeping, bill pay back and tax preparing for their clientele.
As of June 30, 2022, Hightower’s assets underneath management (AUM) were being $108.4 billion, and assets under administration were being somewhere around $132.6 billion.
Hightower is a prosperity administration firm that offers investment decision, economical and retirement arranging providers to people, foundations and relatives workplaces, as nicely as 401(k) consulting and funds management solutions to firms. Hightower’s money remedies, operational assistance products and services, dimension and scale, empower its vivid group of unbiased-minded wealth advisors to increase their firms and help their clients accomplish their vision of “very well-th. rebalanced.” Based mostly in Chicago with advisors throughout the U.S., the agency operates as a registered expense advisor (RIA). Study much more about Hightower’s collaborative enterprise product www.hightoweradvisors.com.
Securities presented by Hightower Securities, LLC member FINRA/SIPC. Hightower Advisors, LLC is a SEC registered financial commitment advisor.
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