News

Hightower to Make Strategic Investment in 6 Meridian

By Hightower Advisors / December 14, 2021

Wichita-based wealth management firm with $1.8 billion in AUM to join Hightower to amplify growth and gain support for ongoing next-generation talent development

CHICAGO – Dec. 14, 2021 – Hightower today announced that it is making a strategic investment in 6 Meridian, a $1.8 billion wealth management firm based in Wichita, Kansas, a move that will provide 6 Meridian with resources for business acceleration, talent development and operational infrastructure to continue their strong, steady growth.

Margaret Dechant, Thomas H. Kirk, Andrew Mies, Bryan Green, Pam Smith and Sarah Hampton founded 6 Meridian in 2015 to deliver independent, fiduciary-based wealth management to corporate executives, entrepreneurs and other high net worth individuals and families. 6 Meridian has 24 employees, including 11 advisors.

“6 Meridian is a highly successful firm with a strong bench of next-generation talent, an impressive roster of clients and a robust organic growth rate,” said Hightower Chairman and CEO Bob Oros. “The group’s focus on delivering independent, fiduciary-based wealth management and its commitment to developing next-gen advisors make them an exciting cultural fit for Hightower. We are honored that 6 Meridian chose to join our national wealth management community.”

The team is highly collaborative, recognizing the importance of providing comprehensive and clear financial advice to generations of clients—delivered by closely integrated advisor and support teams who themselves are multi-generational. As a forward-thinking business, the team focuses on both providing comprehensive planning and investment advice to clients while also offering structured programs to offer training to employees at every level, ensuring the optimal experience for every client.

“As an independent RIA, we have grown rapidly thanks to our collaborative structure and outstanding team of dedicated professionals,” said Ms. Dechant, CEO, partner and co-founder of 6 Meridian. “We have built a firm we are very proud of; we are dedicated to our clients and to this business. Hightower is investing in us to help with our long-term growth goals, and we welcome the support that allows us to serve our clients for decades to come.”

“Hightower’s values are closely aligned with 6 Meridian’s: putting client relationships above all else, while delivering a wide range of core and value-added services to care for our clients and their families,” said 6 Meridian Partner and Founder Thomas Kirk. “Hightower’s culture, supportive environment, focus on multigenerational talent and entrepreneurship is precisely on target with what we need to nurture and develop our advisors and staff.”

Hightower offers its 121 advisory businesses in 34 states and the District of Columbia a range of services designed to catalyze and accelerate growth, including business development consulting, leadership and team development, marketing support, technology, investment management resources, compliance, accounting, payroll and human resources. Inorganic growth services include M&A sourcing, valuation, deal structuring, due diligence, legal and regulatory, pre- and post-close integration, and capital resources for transactions. Advisory groups that partner with Hightower also gain access to economies of scale, deep industry relationships and a nationwide advisor community.

As of September 30, 2021, Hightower’s assets under administration (AUA) were approximately $132.2 billion, and its assets under management (AUM) were $104.1 billion.

The 6 Meridian transaction is expected to close in the fourth quarter of 2021. Berkshire Global Advisors served as exclusive financial advisor to 6 Meridian in this transaction. 6 Meridian was advised by Katz Teller. Hightower was advised by Holland & Knight LLP.

About Hightower

Hightower is a wealth management firm that provides investment, financial and retirement planning services to individuals, foundations and family offices, as well as 401(k) consulting and cash management services to corporations. Hightower’s capital solutions, operational support services, size and scale empower its vibrant community of independent-minded wealth advisors to grow their businesses and help their clients achieve their vision of “well-th. rebalanced.” Based in Chicago with advisors across the U.S., the firm operates as a registered investment advisor (RIA). Learn more about Hightower’s collaborative business model at www.hightoweradvisors.com.

Securities offered through Hightower Securities, LLC member FINRA/SIPC. Hightower Advisors, LLC is a SEC registered investment advisor.

Media Contact:

Patty Buchanan
JConnelly
(973) 567-9415
pbuchanan@jconnelly.com

Hightower Advisors is a group comprised of investment professionals registered with Hightower Advisors, LLC, an SEC registered investment adviser. Some investment professionals may also be registered with Hightower Securities, LLC (member FINRA and SIPC). Advisory services are offered through Hightower Advisors, LLC. Securities are offered through Hightower Securities, LLC.

This is not an offer to buy or sell securities, nor should anything contained herein be construed as a recommendation or advice of any kind. Consult with an appropriately credentialed professional before making any financial, investment, tax or legal decision. No investment process is free of risk, and there is no guarantee that any investment process or investment opportunities will be profitable or suitable for all investors. Past performance is neither indicative nor a guarantee of future results. You cannot invest directly in an index.

These materials were created for informational purposes only; the opinions and positions stated are those of the author(s) and are not necessarily the official opinion or position of Hightower Advisors, LLC or its affiliates (“Hightower”). Any examples used are for illustrative purposes only and based on generic assumptions. All data or other information referenced is from sources believed to be reliable but not independently verified. Information provided is as of the date referenced and is subject to change without notice. Hightower assumes no liability for any action made or taken in reliance on or relating in any way to this information. Hightower makes no representations or warranties, express or implied, as to the accuracy or completeness of the information, for statements or errors or omissions, or results obtained from the use of this information. References to any person, organization, or the inclusion of external hyperlinks does not constitute endorsement (or guarantee of accuracy or safety) by Hightower of any such person, organization or linked website or the information, products or services contained therein.

Click here for definitions of and disclosures specific to commonly used terms.