Hightower to acquire a majority stake in NEPC.

Hightower, a Chicago-based wealth management firm, agreed to acquire a majority stake in NEPC, a Boston-based investment consulting firm. Financial terms were not disclosed. Together, Hightower — a leading industry consolidator of 140 U.S. financial advisory practices since its founding in 2008 — and NEPC, with $1.66tn in assets under advisement or management, would boast $258bn in assets under management.