Hightower Advisors Adds $1B Wealth Firm to W-2 Advisory Channel

Hightower Advisors has added a Michigan-based wealth management firm to its W-2 advisory platform, Hightower Signature Wealth. 

Bloomfield Hills, MI-based Synergy Capital Solutions, founded in 2017, oversees roughly $1 billion in assets under management and offers financial planning, portfolio management, and wealth management services to high-net-worth clients. 

Synergy has been affiliated with Hightower since 2017, before joining its employee channel, and includes 15 members, including 7 advisors. 

The firm plans to maintain its existing presence in Naples, Florida, and Lebanon, Pennsylvania, Hightower stated. 

Synergy will gain access to additional services, including operational support, technology, compliance, marketing, and client service. 

The addition marks Hightower Signature Wealth’s fourth external acquisition of the year. 

“Since day one, our mission at Synergy has been to reduce the noise around our clients’ financial lives so they can focus on what is most meaningful to them,” said Mark Burns, CEO, CIO and co-Founder of Synergy. 

The firm’s addition comes shortly after the W-2 platform added Hingham, MA-based Sandy Cove Advisors, which manages about $752 million in assets under management. 

Chicago-based Hightower Advisors and its affiliates oversee about $352 billion in total assets, with over 652 advisors across 33 states and the District of Columbia. 

Pictured: Synergy Capital Solutions