Hightower to acquire Pennsylvania’s Valley Financial Group

Valley Financial Group, an autarkic wealthiness absorption signifier based successful Pennsylvania, is acceptable to beryllium acquired by Hightower Signature Wealth, Hightower's afloat integrated nationalist wealthiness absorption practice.

Financial presumption of the woody stay undisclosed.

The statement represents the 2nd extracurricular acquisition for Hightower Signature Wealth this twelvemonth and forms portion of Hightower's program to widen the concern done established advisory firms.

Valley manages astir $275m successful assets nether absorption (AUM) and offers fiscal readying and concern absorption services to individuals, families and businesses.

Its lawsuit basal spans the Greater Philadelphia country and includes individuals and families, concern owners, institution unit and archetypal responders.

After completion, Valley's employees volition articulation Hightower Signature Wealth and volition proceed to enactment with clients from the Ambler office.

Valley Financial Group managing spouse Kevin McGarry said: "As we considered Valley's adjacent chapter, we wanted a spouse that shared our client-first doctrine and could supply the resources to proceed elevating the work we supply our clients.

"HTSW gives america greater standard and expanded capabilities portion preserving the idiosyncratic relationships that person ever been astatine the bosom of our firm."

With the summation of Valley, Hightower Signature Wealth volition oversee astir $40bn successful AUM, with much than 160 advisers crossed much than 35 locations successful the US.

The woody is owed to adjacent aboriginal this summer.

Hightower CEO Larry Restieri said: "Valley has built a trusted advisory signifier grounded successful heavy lawsuit relationships, thoughtful proposal and a beardown committedness to its community.

"Welcoming Valley to HTSW further demonstrates the entreaty of our integrated signifier to established firms looking to accelerate growth, heighten the lawsuit acquisition and make longevity for their teams."

Last year, Hightower Advisors invested successful Lindbrook Capital, a Los Angeles, California-based wealthiness absorption firm.

"Hightower to get Pennsylvania's Valley Financial Group " was primitively created and published by Private Banker International, a GlobalData owned brand.