HighTower adds $400 million team in St. Louis

HighTower has acquired Archer Wealth Management, a team that oversees around $400 million in assets. Barbara Archer, founder of the team, will join HighTower as a managing director and partner, and will lead the expansion of the newly branded HighTower St. Louis, according to a press statement released Wednesday. "Barbara built a great business, and she and her team align perfectly with our culture and values," Elliot Weissbluth, chief executive officer of HighTower, said in the statement. "Partnering with HighTower will allow us to expand our firm with the benefits of size, depth and sophistication to match our clients' ever-evolving needs," Ms. Archer said. In addition to Ms. Archer, the HighTower St. Louis team includes Mark Schweiss, business director; Karen Meers, manager, client service; Patty McClain, financial planning analyst; and Debby Wicks, executive assistant.