Hightower Partners with $1.6B Texas Wealth Management Team
Hightower Advisors has partnered with and made a strategic investment in Presidio Wealth Partners, a newly formed Houston, Texas-based wealth management firm that oversees approximately $1.6 billion in assets.
Terms of the financial transaction were not disclosed.
Founded by partners Cy Cattan, Scott Bishop, Robert Harris and Sarahbeth Pipkin, who were formerly with Avidian Wealth Solutions, Presidio provides financial planning, business succession and exit planning and access to private deals and alternative investments for ultra-high-net-worth families and business owners.
“At Hightower, we talk a lot about “well-th”—the concept that wealth encompasses more than money,” said Hightower Chairman and CEO Bob Oros. “The Presidio Wealth Partners team has a similar approach to help clients achieve all of their goals, across their lives—and we are excited to be with them on this step of their journey.”
As of the end of March, Chicago-based Hightower’s assets under administration were approximately $148.2 billion, and assets under management were $119.9 billion.
