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Hightower Acquires Tc Wealth Partners

Jan 04, 2022•almost 4 years ago

Acquiring Company

Hightower

Acquired Company

TC Wealth Partners

Financial ServicesProfessional Services

Description

Hightower today announced it has acquired TC Wealth Partners ("TC Wealth"), a wealth management, trust and retirement plan services company based in Chicago and Downers Grove, Illinois. TC Wealth currently oversees approximately $1.65 billion in assets across a client base of high-net-worth individuals, families, business owners and institutions.

Company Information

Company

Hightower

About

Hightower Holding is one of the country’s leading RIAs that provides investment, financial, and retirement planning services to individuals, foundations, and families. With the acquisition of NEPC, it aims to expand their commitments to clients and deliver institutional-quality investment solutions and research-driven advice.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed