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Tuesday, December 13, 2022

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 belongings to almost $1 billion. This represents Hightower’s seventh deal this 12 months and third merger it has facilitated between corporations.

Sovereign Wealth brings roughly $350 million to Hightower Bellevue, in addition to a majority feminine management workforce, which incorporates Managing Companions and Senior Wealth Advisors Tara Johnson and Sharon Lailey and Companion and Senior Wealth Advisor Scott Sheffield. The agency focuses on monetary and retirement revenue planning, funding and tax administration and property planning.

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

“Tara, Sharon and Scott are main a wonderful agency, with constant double-digit progress, and we’re trying ahead to welcoming them and including appreciable bench-strength to our operations,” Knudsen stated 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 belongings below advisement and $108.4 billion in AUM as of the tip of June.

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