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HighTower Acquires Boutique Investment Advisor in Beverly Hills.

M2 EQUITYBITES-July 8, 2016-HighTower Acquires Boutique Investment Advisor in Beverly Hills


8 July 2016 - Chicago, US-based financial advisory HighTower has acquired Beverly Hills, California-based boutique multi-family office Acacia Wealth Advisors, the firm said.

Terms of the deal were not disclosed.

Acacia Wealth Advisors oversees more than USD 500m in assets. The firm provides investment consulting and financial planning services to entrepreneurs, business owners, high-net-worth individuals and their families.

The firm's co-founders, Meloni Hallock and Alev Lewis, will continue to lead the team as managing directors and partners of Acacia Wealth Advisors at HighTower.

Acacia Wealth Advisors marks HighTower's 8th transition in 2016, a record-high number for the first half of any year in the firm's history, and the 4th RIA acquisition since the firm launched that line of business last year.

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Publication:M2 EquityBites (EQB)
Geographic Code:1U9CA
Date:Jul 8, 2016
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