Hightower has announced it has signed a definitive agreement to acquire one of its flagship franchises, The Bahnsen Group (TBG), a leading U.S. wealth management practice overseeing approximately $9.5 billion in assets under management (AUM). TBG has been one of Hightower’s fastest-growing and strongest-performing practices. The transaction significantly strengthens Hightower’s ability to invest behind TBG’s differentiated brand, expand its platform and serve as another hub within Hightower for integrating additional like-minded advisory teams, further accelerating long-term growth.
Founded in 2015 when David Bahnsen joined Hightower with approximately $600 million in client assets, The Bahnsen Group has grown to nearly $10 billion in AUM today, driven by over 30 percent annual organic growth over the past decade. TBG has scaled into a national advisory practice with twelve locations across key markets including Newport Beach, Calif.; New York, NY; Nashville, Tenn.; and
