News & Insights
CHICAGO — February 14, 2019 /PRNewswire/ — HighTower today announced that Green Square Wealth Management, a fee-only investment advisor and multi-family office headquartered in Memphis, Tenn., will join HighTower’s growing community of partner firms. With approximately $2.6 billion in client assets, Green Square Wealth Management serves ultra-high net worth families and institutional investors across the United States. Through its relationship with HighTower, Green Square Wealth Management will gain access to HighTower’s operational support and technology to allow it to enhance its services for new and existing clients.
Green Square Wealth Management is a newly formed advisory firm founded by Darrell Horn earlier this year. Mr. Horn was formerly the Senior Managing Director and co-founder of Green Square Capital, established in 2001 after his departure from Goldman Sachs.
“Darrell and his team have built a distinctive wealth-management, family-office and investment-advisory offering for ultra-high net worth entrepreneurs and their families, as well as institutions. We are honored that they have chosen HighTower to help scale their business,” said HighTower CEO Bob Oros.
“Partnering with HighTower will allow us to reallocate our resources to serving new and existing clients, while shifting the middle and back-office work to HighTower. This will allow us to continue to provide impeccable client service and maintain our growth trajectory in a more efficient way,” said Mr. Horn. “Thanks to HighTower’s world-class operations and technology, we expect to significantly increase our ability to serve more clients, while simultaneously enhancing our services for existing clients.”
The Green Square Wealth Management transaction will bring HighTower’s total client assets to approximately $68.6 billion, with 94 advisory firms and a presence in 33 states.
“HighTower was built to support fiduciary advisors and help them focus on their clients without distractions, and today, we are delivering the benefit of our platform to the very best advisory firms across the country,” said Elliot Weissbluth, HighTower’s Chairman. “Darrell and the team at Green Square represent a community of advisors across the country who also started their businesses with that simple philosophy. We honor their dedication to their clients.”
HighTower is backed by private equity firm Thomas H. Lee Partners, which has provided capital for HighTower to expand its services, fund acquisitions and accelerate the firm’s growth. Since mid-2017, HighTower has made significant RIA acquisitions, including WealthTrust and Salient Private Client (SPC), which included SPC’s trust business.
The partnership with Green Square Wealth Management is HighTower’s 22nd RIA transaction and the first under Mr. Oros, who took over as the firm’s new CEO in early January.
In the transaction, Green Square Wealth Management was advised by Sandler O’Neill + Partners, L.P. and Alston & Bird. It is expected to close in the second quarter of 2019, subject to regulatory approvals and other customary closing conditions.
HighTower is an innovative wealth management firm challenging the status quo of how firms deliver financial advice in the United States. Founded in 2007, the firm is at the forefront of a major industry shift from product sales to client service. Servicing approximately $68.6 billion in assets, HighTower is one of the fastest-growing companies in the U.S. Visit www.hightoweradvisors.com.
Visit Green Square Wealth Management at http://www.greensquareco.com/.
HighTower Advisors is registered with HighTower Securities, LLC, member FINRA and SIPC, and with HighTower Advisors, LLC, a registered investment advisor with the SEC. Securities are offered through HighTower Securities, LLC; advisory services are offered through HighTower Advisors, LLC.
This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.
All data and information reference herein are from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other information contained in this research is provided as general market commentary, it does not constitute investment advice. The team and HighTower shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced. Such data and information are subject to change without notice.
This document was created for informational purposes only; the opinions expressed are solely those of the team and do not represent those of HighTower Advisors, LLC, or any of its affiliates.