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January 27, 2021

Hightower invests in $830m Siller & Cohen Family Wealth Advisors

RIA aggregator Hightower has made an investment in New York-based Siller & Cohen Family Wealth Advisors, a wealth management firm with $830m in assets under management.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

The investment marks Hightower’s third M&A transaction this year.

Founded in 1988, Siller & Cohen provides multi-generational financial planning, investment management and estate planning services to high net worth individuals and families. The company has 11 employees, including five advisors.

The deal will provide the company with access to Hightower’s technology and other capabilities to improve its offerings.

Hightower CEO Bob Oros said: “Siller & Cohen, a highly successful business serving affluent clients with complex financial lives, has a prominent reputation in the New York metro area for its highly effective estate planning methodology and holistic wealth management for multiple generations of families.

“We are thrilled and honoured that they have chosen Hightower for the next phase of their growth and welcome them to our advisor community.”

Siller & Cohen co-founder Jeffrey Cohen said: “Hightower’s range of services – from investment management insights to marketing and business development support – are highly suited to helping us enter the next chapter of our growth.

“We are excited to consult with the Investment Solutions group about our asset allocation models and content needs, and will work closely with the Hightower marketing team to build out a range of multi-media vehicles to engage with our clients and potential clients.”

Based in Chicago, Hightower focus on providing investment, financial and retirement planning services.

Recently, the company signed an agreement to acquire $8bn Los Angeles-based advisory firm Bel Air Investment Advisors in its largest ever deal.

As of 31 December 2020, Hightower had $79.6bn in assets under management and nearly $102.5bn in assets under administration.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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