Home / Business and Economy / Hightower Acquires PA Firm Valley Financial Group
Hightower Acquires PA Firm Valley Financial Group
12 Aug
Summary
- Hightower Signature Wealth is acquiring Pennsylvania-based Valley Financial Group.
- Valley manages approximately $275 million in assets under management.
- The deal is expected to close later this summer, pending regulatory approval.
Hightower Signature Wealth has announced its intention to acquire Valley Financial Group, a wealth management firm located in Pennsylvania. This strategic move is the second acquisition for Hightower Signature Wealth this year and aligns with its objective of expanding its business by integrating established advisory practices.
Valley Financial Group currently manages around $275 million in assets under management, offering financial planning and investment management services. Their client base includes individuals, families, business owners, and first responders primarily in the Greater Philadelphia area.
Upon completion of the acquisition, Valley's employees will become part of Hightower Signature Wealth, continuing operations from the Ambler office. This integration is anticipated to bolster Hightower Signature Wealth's assets under management to approximately $40 billion, managed by over 160 advisers across more than 35 U.S. locations.
The deal is slated for closure later this summer. This follows Hightower Advisors' previous investment in Lindbrook Capital last year, signaling a consistent growth strategy.
