Hightower said Monday it acquired Bickling Financial Services Inc., a registered investment advisor that oversees $625 million in assets and has three offices in Massachusetts.
The firm was founded in 1984 by Dorothy Bickling, who was one of the first women to earn the certified financial planner designation.
Her sons, Spencer Betts and Andrew Betts, are now co-managing principals of the firm; Spencer Betts joined the firm in 2000 and Andrew Betts in 2007.
Bickling has five advisors and 14 employees overall.
Hightower, a Chicago-based RIA aggregator, said that at the end of 2022, it had $144.3 billion in assets under administration and $113.7 billion in assets under management.
Last week, Hightower announced that it had facilitated a merger between one of its units, TC Wealth Partners, and EFG Advisors, a wealth management firm overseeing more than $800 million in assets.
Quarterly analysis of retirement accounts highlights positive behavior.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
