Hightower Advisors has folded Altium Wealth, an affiliated apply with $9 billion in shopper property, into its Signature Wealth unit as a part of a continued consolidation push, in line with an announcement on Tuesday.
The transfer brings Signature Wealth, which launched in October 2025, to $50 billion in property and greater than 175 advisors throughout greater than 45 places of work, in line with the announcement. The division centralizes funding administration, operations, expertise, compliance and advertising.
Altium had greater than tripled in dimension from the $2.7 billion in property that it managed in 2022 when Hightower first invested. The apply, which was co-founded by James J. Dowling in 2010, has places of work in Madison, Connecticut; Brookline, Massachusetts; and Buy, New York, the place Dowling relies.
Phrases of the deal weren’t disclosed. Hightower executives have stated that advisors making the shift to Signature Wealth can obtain money and Hightower fairness.
Altium’s 10-person funding group can even tackle a bigger function in Hightower One, the agency’s in-house wealth administration platform that gives firm-wide portfolio development and funding administration, in line with the announcement.
“Partnering with HTSW is a pure subsequent step in our evolution,” Dowling stated in an announcement. “This construction permits us to stay centered on the shopper relationships, funding self-discipline and entrepreneurial tradition that outline our apply whereas gaining further sources to help our group and continued progress.”
Hightower, majority owned by personal fairness agency Thomas H. Lee Companions, seeded Signature Wealth with Dallas-based Frontier Funding Administration, a $3.Three billion apply that it purchased in 2020.
It has since added exterior companies and present Hightower practices to the model, together with $5 billion Journey Strategic Wealth in March and $1 billion Synergy Capital Options in September.
Individually, Hightower Naples, a apply managing $1.1 billion, agreed final month to hitch The Bahnsen Group, one other Hightower apply serving as a hub for consolidation. That transaction is anticipated to shut at year-end.
Chicago-based Hightower and its associates oversaw virtually $354 billion on the finish of 2025, in line with the agency.