Hightower, the Chicago-based registered investment advisor with interests in 111 advisory business, has taken a stake in Stearns Financial Group, a $1.3 billion RIA in North Carolina. The Stearns deal is Hightower's sixth transaction so far this year.
Stearns was established in 1991 and has offices in Chapel Hill and Greensboro, North Carolina. It has 32 employees, including 12 advisers.
The transaction, the details of which were not disclosed, is expected to close by the fourth quarter.
Britt is named CFO of Wipfli, a $600 million accounting firm that audits two NFL franchises
The acquisition pairs Zephyr's 21,000-product separately managed account database with YCharts' newly launched AI agent assistant for investment research.
The war for talent continues in the Sunshine State with as Truist and RayJay teams managing a collective $1 billion in client assets defect to other firms.
Americans now estimate they need $1.2 million to retire comfortably, but rising costs and debt are making that goal increasingly difficult to reach.
Crewe Advisors' Ryan Halliday and Accelerated Wealth Partners' Eric Amar suggest mega RIA's readiness to integrate — not just scale — will determine whether an IPO exit actually works.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
