Sovereign Wealth Advisors, a registered investment adviser in Bellevue, Washington, managing $350 million, has merged with Hightower Bellevue, a unit of Chicago-based Hightower. Together, the two same-town firms, which will operate under the Hightower Bellevue name, will manage $1 billion.
Terms of the transaction, facilitated by Hightower, were not disclosed.
The Sovereign Wealth leadership team includes Scott Sheffield, Tara Johnson and Sharon Lailey.
Sovereign Wealth has been providing wealth management and financial guidance across the Pacific Northwest for more than 30 years, specializing in financial and retirement income planning, investment and tax management and estate planning, Hightower said in a press release Monday.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
