CHICAGO, Oct 14, 2021 / PRNewswire / – Hightower announced today that it has made a strategic investment in Bluerock Wealth Management LLC (“Bluerock”), a $ 700 million Consulting business in Alpharetta, Ga. Bluerock, which provides personalized financial planning, strategic investments, and proactive tax advice to individuals and families, will leverage Hightower for its operations, business advisory and value-added advisory services.
Founded in 2019 by Raj Chokshi and Rachael Neil, both with over 20 years of wealth management experience, Bluerock primarily serves the rapidly growing community of high net worth clients in the southeastern US, with a particular focus on mid-career tech and medical professionals and their families. Bluerock has 11 employees, including 5 consultants.
“Bluerock is a high performing company with medium to high double digit organic growth and an exciting future. Raj and Rachael have built an impressive list of clients while building their careers in a region experiencing significant wealth accumulation.” Bob Oros, Hightower Chairman and CEO. To achieve the exponential growth they are seeking, Raj, Rachael and the team rely on Hightower to meet their middle and back office needs so they can spend more time with clients and finding new talented and talented businesses energetic team for the Hightower community. “
“After two years of rapid growth and expansion, we realized that in order to maintain and accelerate our momentum, we needed a partner who could provide us with the size, scale and institutional support needed to intensify our efforts,” said Bluerock CEO and Wealth Manager Raj Chokshi. “We chose Hightower because the company has invested heavily in its entire platform, from technology, human resources, fiduciary and real estate capabilities to marketing and business development support. These services will allow us to focus on serving clients, caring for prospects and attracting new “assets to focus on.”
“With all the growth in the bigger ones Atlanta Region and Southeast Region, we are particularly excited about Hightower’s extensive resources for digital marketing and business development. Using these services will help us communicate our value, message and story and ultimately turn potential customers into customers, “said Rachael Neil, Bluerock partner and asset manager. “We also plan to use Hightower’s experienced recruiting team to ensure we have the right talent as we grow.”
Hightower offers its 119 consulting firms in 34 states and the District of Columbia a range of services designed to catalyze and accelerate organic and inorganic growth, including business development consulting, leadership and team development, marketing support, technology, investment management resources, compliance, accounting, payroll and human resources. Inorganic growth services include M&A sourcing, valuation, transaction structuring, due diligence, legal and regulatory, pre- and post-close integration, and capital resources for transactions. Advisory groups working with Hightower also gain access to economies of scale, close industry relationships and a nationwide advisory community.
away June 30, 2021, Hightower’s assets under administration (AUA) were approx. $ 125.2 billion, and its assets under management (AUM) were $ 101 billion.
The Bluerock transaction is expected to close in the fourth quarter of 2021.
Hightower is an asset management company that provides investment, financial and retirement provision, as well as 401 (k) advisory and cash management services to companies, to individuals, foundations and family offices. Hightower’s capital solutions, operational support services, size and scale empower its dynamic community of independent financial advisors to grow their business and help their clients achieve their “good realignment” vision. Based in Chicago with advisors in the US, the company operates as a Registered Investment Adviser (RIA). Learn more about Hightower’s collaborative business model at www.hightoweradvisors.com.
Securities offered through Hightower Securities, LLC member FINRA / SIPC. Hightower Advisors, LLC is an SEC registered investment advisor.
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