Hightower Makes Strategic Investment in Financial Planning and Information Services (FPIS)

Hightower Makes Strategic Investment in Smith Anglin

May 21, 2025

Wealth Management

Hightower Advisors made a strategic/growth investment in Smith Anglin, a Dallas-based wealth management and financial planning practice with about $2 billion AUM and a 34-person team. The move brings Smith Anglin into Hightower's advisor community to accelerate growth, leverage Hightower's integrated tech stack and value-added services, and expand Hightower's advisor network with aviation-focused clients.

Hightower Advisors Acquires Farr, Miller & Washington

July 27, 2021

Financial Services

Hightower Advisors has acquired Farr, Miller & Washington, a Washington, D.C.-based wealth management firm with approximately $2 billion in AUM and 20 employees. Michael Farr will join Hightower as Chief Market Strategist while Farr, Miller & Washington's advisory business and team integrate into Hightower's advisor platform to expand capabilities and service offering.

LPL Financial Acquires Financial Resources Group Investment Services

November 3, 2022

Financial Services

LPL Financial Holdings Inc. entered into a definitive agreement to acquire Financial Resources Group Investment Services (FRGIS) in an equity purchase that included $140 million paid at closing plus additional earn-outs. FRGIS — a Fort Mill, South Carolina-based advisor and financial institution support business serving roughly $40 billion in assets across ~800 advisors and 85 financial institutions — will continue to operate independently and retain its brand and leadership following the transaction.

STP Investment Services Acquires Tower Fund Services

November 30, 2021

Financial Services

STP Investment Services has acquired third-party fund administrator Tower Fund Services to expand its alternative asset fund administration capabilities and bring Tower clients onto STP's BluePrint technology platform. The transaction strengthens STP's alternative investing offering and aims to deliver enhanced operational technology and service to Tower's clients.

High Street Insurance Partners Acquires First Security Insurance

July 12, 2021

Insurance

Michigan-based High Street Insurance Partners (HSIP) has acquired First Security Insurance (FSI), an independent insurance agency headquartered in Hickory, North Carolina. FSI leaders Charles Connor IV and CEO Karl Sherrill will remain in leadership roles, with Sherrill also becoming principal and agency operations leader for HSIP; the deal is an add-on to HSIP's PE-backed platform.

High Street Insurance Partners Acquires Vested Risk Strategies

February 2, 2021

Insurance

High Street Insurance Partners (HSIP), the insurance brokerage platform sponsored by Huron Capital, has acquired Vested Risk Strategies, a full-service insurance agency based in Hillsdale, Michigan. The add-on expands HSIP's footprint and capabilities in Michigan and the Midwest, adding expertise in alternative risk financing and captive insurance programs.