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New Deal


Announced

Hightower to invest in Altium Wealth Management.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Domestic

Pending

Management Consulting

Private

Acquisition

Friendly

Minority

United States

financial advisory

Synopsis

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Hightower, a financial services firm, agreed to invest in Altium Wealth Management, a financial advisory firm. Financial terms were not disclosed. “Altium is a fast-growing business that is passionate about providing clients with tax-aware planning and portfolios that align with their individual goals, delivered via personalized consulting and their direct-indexing solutions. We are excited to leverage Altium’s specialized portfolio customization capabilities and make them available to Hightower advisors and clients while, at the same time, supporting the Altium team in attracting new client relationships and scaling," Bob Oros, Hightower Chairman and CEO.

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