Berkshire Global Advisors acted as financial advisor to GMS Surgent
Seller Details:
GMS Surgent is a leading Philadelphia based tax and advisory firm that provides high-net-worth and business clients with tax advice and advisory services including accounting, tax preparation and other tax and wealth planning capabilities.
Buyer Details:
Hightower is a wealth management firm that provides investment, financial and retirement planning services to individuals, foundations and family offices, as well as 401(k) consulting and cash management services to corporations. Hightower’s capital solutions, operational support services, size and scale empower its vibrant community of independent-minded wealth advisors to grow their businesses and help their clients achieve their vision of “well-th. rebalanced.” Based in Chicago with advisors across the U.S., the firm operates as a registered investment advisor (RIA). As of March 31, 2023, Hightower’s assets under administration were approximately $148.2 billion, and assets under management (AUM) were $119.9 billion.
Transaction Summary:
Through this strategic partnership, Hightower advisors will have direct access to sophisticated tax management for their clients and their families. This transaction represents the latest investment in Hightower’s Wealth Solutions platform, a suite of services that position advisors to deepen client relationships by meeting their financial needs. The GMS Surgent team will add to the suite of tools Hightower already offers which include trust services, estate planning, insurance placement, business owner services and more.