Hightower folds $1.6B Boston Hill Advisors into national wealth practice
What's the deal? Hightower Advisors said Boston Hill AdvisorsDealroom has a profile for this one. Try Dealroom →, which oversees roughly $1.6 billion in assets, has joined Hightower Signature WealthDealroom has a profile for this one. Try Dealroom → (HTSW), the firm's integrated national wealth management practice. Boston Hill had been part of the Hightower community since 2023.
Who's involved? Founded in 2006, Boston Hill provides wealth management, investment solutions, and financial planning to individuals, families, and institutions. It serves the greater Boston area from offices in North Andover and Natick, Massachusetts, with a staff of 18, including 11 advisors.
What changes? Both offices remain in place. Under HTSW, Boston Hill gains centralised investment management, financial planning, operations, technology, compliance, marketing, and client service.
Why now? The transaction, which closed in late August, deepens a three-year partnership. "Our partnership with Hightower over the past three years has given us a clear view of what we can accomplish together," said Michael F. Edwards, wealth advisor and managing director at Boston Hill.
What's the endgame? Hightower is building HTSW as an integrated national practice by absorbing established advisory teams seeking greater scale. "We are focused on bringing together teams that share our commitment to a highly personalized advisory approach," said Larry Restieri, chief executive officer of Hightower.
Following the close, HTSW holds more than $40 billion in assets under management, more than 130 advisors, and more than 30 locations nationwide. The firm expects to announce further HTSW acquisitions throughout 2026.
The signal: The deal reflects continued consolidation in wealth management, as national platforms roll up independent practices seeking scale and centralised support. For Hightower, converting a longtime affiliate into a fully integrated arm signals a shift from loose partnership toward tighter ownership of its advisor network.
Read more: AP News
Image credit: Trenten Kelley
