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

Almost Two Thirds of UK Companies Report Higher Revenues Than Last Year

16/04/2015Almost Two Thirds of UK Companies Report Higher Revenues Than Last Year

64% of UK companies have reported higher or much higher revenues than a year ago, in a new survey commissioned by American Express.

Outstanding Leadership in Oman

09/02/2021Outstanding Leadership in Oman

In 1974, more than four and a half decades ago, Mohsin Haider Darwish (MHD LLC) was established as a family business in Oman under the outstanding leadership of Late Mohsin Haider Darwish. Now, as the firm enters a new era of success and growth, the mantle of

The Top Website Metrics to Track for Business Success

27/03/2023The Top Website Metrics to Track for Business Success

Website metrics are data used to compare an organization’s overall goals to its online performance. They represent how effectively visitors are educated and converted to paying consumers by a website’s functionality, content, and services.

Seven Contracts Every Startup Should Be Aware Of

07/06/2023Seven Contracts Every Startup Should Be Aware Of

Starting a business is a challenging and exciting process, with founders expected to have a thorough understanding of numerous different legal processes. Startup founders need to be familiar with the different types of contracts they require to ensure their bu

New Ofcom Report a Threat to BT

20/07/2015New Ofcom Report a Threat to BT

The results of the first phase of Ofcom’s Strategic Review of Digital Communications poses threat to the telecommunication firm, with concerns over BT’s market share and speed of repairs and line installations.

Your Industrial Start up Can Keep Cost Low by Recognising Quality Used Equipment

15/09/2022Your Industrial Start up Can Keep Cost Low by Recognising Quality Used Equipment

Industrial start ups have some of the highest initial capital requirements of any business. The most significant part of the start up capital will be for purchasing equipment. You can spend less money by choosing to buy quality but used equipment. It will save

RETAILATAM: Transforming Retail with Intelligence, Innovation, and Impact

23/07/2025RETAILATAM: Transforming Retail with Intelligence, Innovation, and Impact

In a retail landscape shaped by shifting consumer behaviour, digital transformation, and economic volatility, agility and intelligence are essential.

How Workflow helps your Organization Connect Tools and Teams to Drive Productivity

06/05/2022How Workflow helps your Organization Connect Tools and Teams to Drive Productivity

A competitive workflow contains effective features and work tools that help organizations accomplish their business process. Workflow tools are simple information systems that allow businesses to build and optimize their processes. The tools help users build a

5 Essentials Of An Effective Equipment Budget

27/03/20235 Essentials Of An Effective Equipment Budget

Are you a business owner planning to invest in equipment for efficient service and product delivery to your clients? What plans do you have in place to actualize the dream?

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