The Bahnsen Group, a Newport Beach-based wealth management firm that’s grown to $9.5 billion in assets under management, will be acquired by Hightower, a Chicago-based wealth management firm. Terms weren’t disclosed.
The Bahnsen Group has been one of Hightower’s fastest-growing and strongest-performing franchises, the company said.
“This partnership with Hightower will be instrumental to the next phase of our growth,” said David Bahnsen, founder and managing partner of The Bahnsen Group. “With deeper integration across Hightower, we are well-positioned to continue investing in our team and pursuing both organic growth and strategic opportunities. This venture leverages the strengths of each party to the benefit of our clients.”
TBG will continue to operate under its established brand while leveraging Hightower’s expanded resources and infrastructure, and will add a “A Hightower Company” to its name and logo.
For more details, see the May 4 issue of the Business Journal.
