Hightower, a prominent player in the wealth management industry, continues its expansion with yet another significant acquisition. The firm has recently announced its purchase of Resource Consulting Group, a renowned firm based in Orlando, Florida. With approximately $2.5 billion in assets, Resource Consulting Group offers fee-based planning services to high-net-worth and ultrahigh-net-worth households across the nation.
Established in 1988, Resource Consulting Group currently serves more than 550 individual clients, in addition to several charities and retirement plans. Led by President and CEO, Gregg Biro, the firm is known for its unwavering commitment to delivering exceptional service for over three decades. Biro expresses his admiration for Hightower's forward-thinking strategic approach, emphasizing the potential for mutual growth and enhanced service offerings.
Hightower's acquisition of Resource Consulting Group marks an impressive milestone, as it represents the firm's 11th successful acquisition this year. While many of the acquisitions thus far have been focused on Registered Investment Advisors (RIAs), Hightower expanded beyond this realm in July by integrating GMS Surgent, an accounting firm. This addition bolstered the in-house tax advisory capabilities available to Hightower's advisors, further solidifying the firm's position as one of the industry's premier consolidators.
Hightower's ongoing commitment to growth and strategic partnerships continues to shape the landscape of the wealth management industry. With each acquisition, the firm reinforces its dedication to delivering superior service and expanding its range of services for its esteemed clientele.
Hightower Expands with Resource Consulting Group
Hightower CEO Bob Oros is focused on fostering a growth-oriented mind-set in the RIAs that his firm acquires. Recently, Hightower welcomed Resource Consulting Group as a new partner, praising their shared commitment to client satisfaction and personal development of their employees.
According to Oros, Resource Consulting Group's values align perfectly with those of Hightower. The decision to join forces reinforces both firms' people-centric approach to wealth management and their dedication to cultivating talent.
Resource Consulting Group brings a team of 30 employees to Hightower, many of whom have been with the firm for a substantial amount of time. This team includes 13 support staffers and 17 advisory service professionals, with a range of expertise including certified financial planners, accountants, and attorneys.
As a leading aggregator based in Chicago, Hightower boasts a platform that supports 135 advisory practices across 35 states and Washington, D.C. With over $131 billion in client assets managed as of June, Hightower continues to drive growth and success in the industry.