Bronfman E.L. Rothschild has purchased Highline Wealth Management for an undisclosed sum. The combined firm will manage $3.6bn in assets.
The new entity will have offices in nine locations in the Midwest and Northeast.
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Neal Simon, founder of Highline will become CEO of the combined firm as well as join the executive management committee of Bronfman E.L. Rothschild.
Commenting on the deal, Bronfman E.L. Rothschild principal and managing director Bruce Laning said: "The acquisition of Highline Wealth Management takes our firm to a new level in continuing to improve our client experience.
"We plan to continue our smart-growth strategy in both the Midwest and Northeast, creating opportunities for both clients and employees."
"Combining the two firms gives us the ability to grow while still remaining independent, with expertise that is sophisticated and comprehensive," added Simon.
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