Hightower firm Highland Private Wealth Management has expanded its business in Washington with the acquisition of an advisor team with approximately $470 million in assets under management.
Highland has acquired Trellis Advisors, a registered investment advisory firm based in Ellensburg, Washington, and founded by Ray Gilmour.
"We have known Highland for years, and we have similar core values of integrity and objectivity," Gilmour said. "We both take a holistic approach to comprehensive wealth planning for our clients and offer parallel services to build and nurture a client service offering that can adapt to evolving needs. We look forward to joining the Highland organization."
The acquisition takes Highland’s total AUM to $1.9 billion.
“Bringing Trellis into the Highland family is a natural geographic extension of our advisory services in Washington state as we continue to expand our presence in the Pacific Northwest,” commented Highland's CEO and founder, John Christianson.
Hightower’s chairman and CEO Bob Oros paid tribute to Highland’s ambition.
"We're excited to have supported Highland with their expansion goals within the first year of the business since joining Hightower and look forward to continuing to support these ambitions – both on the inorganic and organic side,” he said.
RIAs need to find universities that offer financial planning programs and sponsor or host events, advisor suggests.
The leading wealth tech provider is helping more advisors access active ETF models through its exclusive partnership.
Case of once-wealthy family highlights risks, raises questions on firms' duties to sophisticated investors suffering cognitive decline.
“The evidence in this case was overwhelming,” says an attorney.
The move marks the culmination of a decade-long journey for the new leader at the Ohio-based RIA and Natixis affiliate firm.
Uncover the key initiatives behind Destiny Wealth Partners’ success and how it became one of the fastest growing fee-only RIAs.
Key insights from Gabriel Garcia on adapting to demographic shifts and enhancing client experience in a changing market
