Hightower firm expands in Washington with $470M team

Hightower firm expands in Washington with $470M team
Highland Private Wealth Management's acquisition takes its AUM to $1.9B.
AUG 23, 2023

Hightower firm Highland Private Wealth Management has expanded its business in Washington with the acquisition of an advisor team with approximately $470 million in assets under management.

Highland has acquired Trellis Advisors, a registered investment advisory firm based in Ellensburg, Washington, and founded by Ray Gilmour.

"We have known Highland for years, and we have similar core values of integrity and objectivity," Gilmour said. "We both take a holistic approach to comprehensive wealth planning for our clients and offer parallel services to build and nurture a client service offering that can adapt to evolving needs. We look forward to joining the Highland organization." 

The acquisition takes Highland’s total AUM to $1.9 billion.

“Bringing Trellis into the Highland family is a natural geographic extension of our advisory services in Washington state as we continue to expand our presence in the Pacific Northwest,” commented Highland's CEO and founder, John Christianson.

Hightower’s chairman and CEO Bob Oros paid tribute to Highland’s ambition.

"We're excited to have supported Highland with their expansion goals within the first year of the business since joining Hightower and look forward to continuing to support these ambitions – both on the inorganic and organic side,” he said.

Latest News

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

401(k) participants seek advice, but few turn to financial advisors
401(k) participants seek advice, but few turn to financial advisors

Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave