Hightower Can make Strategic Financial investment in Siller & Cohen Family Wealth Advisors3 min read
CHICAGO, Jan. 26, 2021 /PRNewswire/ — Hightower now announced it has built a strategic expenditure in Siller & Cohen Household Wealth Advisors, an $830 million prosperity administration agency in Rye Brook, N.Y. that gives multi-generational economic organizing, expense management and estate setting up companies to superior net worth folks and families. Joining Hightower supplies Siller & Cohen access to the firm’s operational, financial investment administration and company acceleration services, as perfectly as state-of-the-art know-how, serving to the team greatly enhance its giving to customers and catalyze progress.
Started in 1988 by Randy Siller and Jeffrey Cohen, the team serves entrepreneurs and small business proprietors, C-suite executives, and other higher web value and ultra-higher net worth people today and people. The team’s specialties involve multi-generational estate organizing, lively tax management, danger management, organization exit and succession setting up, comprehensive fiscal setting up, and preparing for customers struggling with divorce. Siller & Cohen has 11 staff, which includes 5 advisors. The crew involves 8 pros who have one or much more of the next designations: CFP®, CIMA®, CPA, and Master’s levels.
“Siller & Cohen, a really effective business serving affluent clients with sophisticated monetary life, has a notable status in the New York metro space for its remarkably effective estate organizing methodology and holistic wealth administration for several generations of people,” mentioned Hightower CEO Bob Oros. “We are thrilled and honored that they have preferred Hightower for the upcoming stage of their progress and welcome them to our advisor community.”
This is Hightower’s 3rd M&A transaction in 2021, following nine in 2020.
“Hightower’s variety of providers – from investment decision management insights to marketing and advertising and small business improvement assistance – are highly suited to aiding us enter the upcoming chapter of our growth,” reported Cohen. “We are energized to seek the advice of with the Expenditure Remedies team about our asset allocation products and material needs, and will operate closely with the Hightower marketing and advertising team to construct out a selection of multi-media motor vehicles to interact with our clients and possible customers.”
“Right after thinking about nine strategic associates, we chose Hightower for the reason that we were amazed with their men and women, their mental money and their institutional-level infrastructure, which will assist us serve more families and aid our expansion,” stated Siller. “We are seeking ahead to leveraging Hightower’s built-in technologies for opening accounts, taking care of portfolios, viewing held-absent belongings and furnishing clients with access to their total money photograph by way of the cell consumer portal.”
Hightower provides its 115 advisory businesses in 33 states a variety of providers designed to catalyze and accelerate natural and organic and inorganic advancement, which include technological innovation, compliance, accounting, payroll, human sources, expenditure management and marketing and advertising help. Advisory teams that companion with Hightower also achieve obtain to capital, business improvement consulting, management and workforce enhancement, economies of scale, deep market associations and a nationwide advisor community.
As of Dec. 31, 2020, Hightower’s assets underneath administration (AUA) had been approximately $102.5 billion and its property under management (AUM) were $79.6 billion.
Hightower is a prosperity management agency that provides expense, economic and retirement scheduling solutions to people today, foundations and loved ones places of work, as properly as 401(k) consulting and dollars management expert services to firms. Hightower’s funds remedies, operational assistance products and services, dimension and scale empower its vibrant neighborhood of independent-minded wealth advisors to develop their businesses and help their shoppers obtain their vision of “effectively-th. rebalanced.” Primarily based in Chicago with advisors across the U.S., the business operates as a registered financial investment advisor (RIA). Discover additional about Hightower’s collaborative enterprise product at www.hightoweradvisors.com.
Securities provided by means of Hightower Securities, LLC member FINRA/SIPC. Hightower Advisors, LLC is a SEC registered financial investment advisor.