Hightower acquires stake in $3.3 billion RIA
Adding Frontier Investment Management brings the firm's total AUM to $56.7 billion
The addition of Frontier, the details of which were not disclosed in a press release announcing the investment, brings Hightower’s assets under management to $56.7 billion.
Founded in 1994, Frontier has three offices in Texas — Dallas, Houston and Austin — as well as offices in New Orleans, Louisiana; Denver, Colorado; San Ramon and San Diego, California; Scottsdale, Arizona; and St. Petersburg, Florida. It is led by Principals Brian Hattendorf, Richard Sowden and Gary Schoen, and employs 42.
Hightower now has 108 advisory businesses in 33 states.