Hightower adds $752M firm Sandy Cove in third 2026 deal

What's the deal? Hightower Advisors has acquired Sandy Cove AdvisorsDealroom has a profile for this one. Try Dealroom →, a Hingham, Massachusetts-based wealth management firm with roughly $752 million in assets under management, folding it into its Hightower Signature WealthDealroom has a profile for this one. Try Dealroom → unit. Terms were not disclosed. The transaction is expected to close at the end of the third quarter.

Who's involved? Sandy Cove offers investment management, financial planning, and family office services, with a focus on family legacy planning and significant life transitions, including divorce. It was founded by President and Chief Wealth Strategist Deirdre Prescott and is led alongside Chief Investment Officer Kate Saltonstall.

Why now? The deal is Hightower Signature Wealth's third external acquisition of 2026 and expands its footprint in New England. Once closed, it will bring the unit's total assets under management above $40 billion.

What's the endgame? Sandy Cove gains access to Hightower's investment, estate and tax planning, technology, and marketing resources. The firm is set to retain its leadership and client relationships.

"Their values and approach are closely aligned with ours," said Jenn Frazier, president of Hightower Signature Wealth. Prescott said joining the unit "gives us broader resources to support that work while preserving the personal relationships, values and client-first philosophy that have always defined Sandy Cove."

Sandy Cove was advised by Rick Adler of Red Arrow CapitalDealroom has a profile for this one. Try Dealroom →.

The signal: The acquisition reflects continued consolidation in wealth management, as national platforms court boutique advisory firms seeking scale without losing their independent identity.

Read more: finance.yahoo.com

Image credit: Generated with Gemini