Please enable JavaScript in your web browser settings, under the site permissions section to unlock full site functionality. Click here for help.

Article Image - HighTower Acquires $500 Million RIA in Beverly Hills

Posted 7th July 2016

HighTower Acquires $500 Million RIA in Beverly Hills

HighTower announces that Acacia Wealth Advisors, a boutique multi-family office in Los Angeles overseeing more than $500 million in assets, has joined the firm.

Scroll to keep reading

HighTower Acquires $500 Million RIA in Beverly Hills

HighTower announces that Acacia Wealth Advisors, a boutique multi-family office in Los Angeles overseeing more than $500 million in assets, has joined the firm. Acacia co-founders Meloni Hallock and Alev Lewis will continue to lead the team as Managing Directors and Partners of Acacia Wealth Advisors at HighTower.

“Meloni and Alev bring to HighTower a distinguished RIA business with a long tradition of excellence,” said Elliot Weissbluth, Chief Executive Officer, HighTower. “Acacia Wealth Advisors exemplifies the caliber of business that we are thrilled to welcome to our community.”

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.

“The fiduciary standard—the practice of putting our clients’ best interests first—is the foundation of our identity at Acacia Wealth Advisors,” said Ms. Hallock. “HighTower aligns with our core values, and its sophisticated platform enables us to deliver comprehensive wealth management services as a trusted partner to our clients.”

“HighTower supports elite advisors with a variety of backgrounds—from wirehouses to independent practices,” said Michael Parker, Chief Development Officer, HighTower. “Our recent momentum in the RIA channel represents a strategic expansion of our business and illustrates how broadly our platform and culture resonate throughout the industry.”

Acacia Wealth Advisors at HighTower provides comprehensive investment consulting and financial planning services to entrepreneurs, business owners, high-net-worth individuals and their families.

For more information, see www.hightoweradvisors.com and www.byadvisorsforadvisors.com

Categories: Finance, M&A, Strategy

You Might Also Like

Celebrating The Mutual Benefit Of Volunteering

Corporate Social Responsibility

30/05/2024Celebrating The Mutual Benefit Of Volunteering

Colleagues from the region’s largest building society have been sharing their positive experiences from volunteering their time and skills to help others, in the lead up to Volunteers’ Week 2024 (3rd – 9th June).

Peer-to-Peer Lending: A Comprehensive Overview of How It Works, Pros & Cons

31/07/2023Peer-to-Peer Lending: A Comprehensive Overview of How It Works, Pros & Cons

Peer-to-Peer lending is a form of lending in which borrowers and lenders connect with one another without the involvement of traditional lending institutions.

An Introduction to Filling the W-8BEN Form

19/05/2022An Introduction to Filling the W-8BEN Form

As firms search overseas for growth opportunities, it is no surprise that foreign investment in the U.S. increased by around $7.5 million in just 2021. As a foreigner working or conducting business dealings in the U.S., you must familiarize yourself with the W

The Culture of Diversity

01/07/2016The Culture of Diversity

Walking the Talk are culture transformation experts. We enable our clients to align culture with strategy to deliver improved business results. Our proven methodology creates powerful culture transformation that leaves organisations

Ambient Advertising, Yard Signs, and More: Why Real-World Marketing Still Matters

11/04/2022Ambient Advertising, Yard Signs, and More: Why Real-World Marketing Still Matters

Marketing is essential for every business, but with the popularity of ecommerce, digital marketing has been receiving all the attention. However, we still live in a physical world where people walk into businesses and pass by physical locations. Therefore, eve

How to Manage Relationships with Remote Clients

25/08/2021How to Manage Relationships with Remote Clients

Online communication can occasionally result in awkward situations, and sometimes explaining key elements of a project in an email may not translate as well as it does in person, leading to misunderstandings. What’s more, it can often be more difficult to bu

Expertise in All Fields of Business

10/02/2017Expertise in All Fields of Business

We are a Tunisian law firm of international standing specialised in business law, recently chosen as part of the ‘2016 African Excellence’ awards.

Study Finds Merchants Lose Sales Due to Online Checkout Frictions

02/12/2015Study Finds Merchants Lose Sales Due to Online Checkout Frictions

The PYMNTS.com and BlueSnap Checkout Conversion Index benchmarks how well online merchants convert shoppers to buyers

Early Development Programmes Vital For Data Centre Skills Shortage

22/05/2024Early Development Programmes Vital For Data Centre Skills Shortage

In the current digital landscape, the demand for professionals is rapidly increasing while the skills gap is also widening.

View More Articles

Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

MORE BRANDS