Hightower to Acquire Valley Financial Group, Managing $275M AUM

Hightower Signature Wealth is set to acquire Valley Financial Group, which manages approximately $275 million in assets under management (AUM). This acquisition marks Hightower's second outside deal this year as part of its strategy to expand through established advisory firms. After completion, Hightower Signature Wealth will oversee roughly $40 billion in AUM and employ over 160 advisers across more than 35 locations in the U.S. This matters for ordinary investors as it indicates Hightower's growth strategy and its potential impact on enhancing client services in wealth management.