Hightower introduced this week that it has acquired Useful resource Consulting Group, a fee-only registered funding advisor primarily based in Orlando, Florida, with $2.5 billion in belongings underneath administration.
Useful resource Consulting Group, based in 1988, presents funding administration, monetary planning and retirement planning providers to a nationwide consumer base of prosperous households. The agency additionally serves “choose institutional purchasers,” in response to Hightower’s announcement.
The monetary phrases of the transaction weren’t made public, however Useful resource Consulting Group brings 30 workers to Hightower’s community, together with a group of licensed monetary planners, licensed public accountants, attorneys and one chartered monetary analyst.
Responding to a request for remark from ThinkAdvisor, a Hightower consultant confirmed that, “in all Hightower transactions, the principals keep an financial curiosity in, in addition to strategic and administration management of, the enterprise.”
In keeping with Mike Davis, Useful resource Consulting Group’s founder, the Hightower partnership will permit his group to “keep autonomy and the agency’s distinct identification whereas gaining the required assets to raise our consumer service providing to new heights.”