Stralem & Co., a New York firm with $280 million in assets under advisement, is merging into Fischer & Co., a 54-year-old New York wealth management firm that advises on $520 million in assets and is part of Hightower.
The combined firm will be known as Fischer Stralem Advisors. It will have 13 employees, including five advisers.
Hightower’s mergers and acquisitions team facilitated the acquisition, the company said in a release.
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The Consumer Financial Protection Bureau is in the crosshairs of the Republican group that is widely attempting to dismantle government agencies.
National Securities Corp. sued the advisor in 2020, alleging breach of contract and unjust enrichment.
Recent data support a measured pace by the Federal Reserve for the year ahead.
Financial advisors are still adding alternatives despite the surge in publicly traded stock prices
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