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Financial Advisory  + Direct Investment  + M&As  + Wealth Management  | 
Hightower Facilitates Sub-Acquisition of Two Pacific Northwest Advisory Firms

Hightower Facilitates Sub-Acquisition of Two Pacific Northwest Advisory Firms  

Wealth manager Hightower announced it facilitated a sub-acquisition on behalf of Highland Private Wealth Management, its advisory business based in Bellevue, WA, with Trellis Advisors, LLC, a registered investment advisory firm based in Ellensburg, WA.  

Financial terms of the deal were not disclosed, but a Hightower spokesperson told Connect Money it was a mix of cash and equity. 

Trellis, with over $470 million in assets under management, brings Highland’s total assets to $1.9 billion. 

“We have known Highland for years, and we have similar core values of integrity and objectivity,” said Ray Gilmour, founder of Trellis. “We both take a holistic approach to comprehensive wealth planning for our clients and offer parallel services to build and nurture a client service offering that can adapt to evolving needs.” 

Earlier this month, Hightower facilitated a merger between Fairport Wealth, a Cleveland, OH-based Hightower advisory business, and Wealth CMT, a registered investment advisory firm with $300 million in assets under management. 

The latest deal brings Hightower’s assets under management to approximately $131 billion and is the 11th deal announced this year. 

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.