HighTower has made a strategic investment in Lexington Wealth Management (LWM), a Lexington, Mass.–based advisory group that serves entrepreneurs, executives, professionals, affluent women, high-net-worth individuals and families.
LWM, which has $1 billion in assets under advisement, focuses on helping clients navigate life events by understanding the emotional aspects of their financial decisions. It aligns with HighTower’s mission to support advisers, empowering them to help their clients achieve their wealth aspirations.
Founded in 2000 by Michael Tucci and Kristine Porcaro, the group has 17 employees, including 11 advisers.
LWM is HighTower’s 24th external RIA transaction since inception and its third in 2019. Including the LWM transaction, HighTower now has 99 advisory businesses in 33 states. HighTower advisers oversee approximately $70.3 billion in total client assets as of June 30.