Chicago-based RIA Hightower on Tuesday announced it signed an agreement to acquire Lexington Wealth Management, which joined Hightower Signature Wealth (HTSW), the firm’s national direct-to-consumer advisory practice.
The Lexington, Massachusetts, firm had about $3.2 billion in assets under management (AUM) as of Dec. 31, Hightower said, bringing HTSW to over $29 billion in AUM with more than 25 locations.
The acquisition closed last week, a Hightower spokesperson told WSR, noting the firm made a strategic investment in Lexington in 2019, and “this acquisition is a natural evolution of a relationship that has strengthened over time.”
“Lexington is representative of the advisors we intentionally look to bring to HTSW – those with a clear client focus and a desire to grow within a more integrated model,” according to Larry Restieri, CEO of Hightower.
“As we scale the practice, we are dedicated to enhancing how advisors operate and delivering a more seamless, comprehensive experience for clients,” he said in a news release.
Lexington has a team of 25 professionals, including 16 advisors, Hightower said.
“We established Lexington on the principle that effective wealth management combines thoughtful financial guidance and a genuine understanding of what clients are experiencing in their lives,” Kristine Porcaro, Senior Managing Partner at Lexington, said in the news release.
She added, “With HTSW, we’ll continue to deliver that balance, with increasing scale and resources to support the needs of our clients for years to come.”
“One of the most important factors in this decision was ensuring long-term stability for our clients and employees,” according to Mike Tucci, Senior Managing Partner at Lexington.
“Joining HTSW preserves the personalized, relationship-driven approach that defines our practice, while strengthening the overall organization,” Tucci said.
In October, Hightower announced the launch of HTSW, saying the first Hightower practice to join was Frontier Investment Management, one of the firm’s largest and fastest-growing practices.
Last month, Hightower announced the first HTSW external acquisition, with the addition of Journey Strategic Wealth. Before that, five advisory practices – Fairport Wealth, Hightower Wealth Advisors | St. Louis, HT|TC Wealth Partners, RDM Financial Group, and The Rikoon Group – joined Signature Wealth in January, the Hightower spokesperson pointed out on Tuesday.
Hightower expects to announce more acquisitions into its HTSW brand later this quarter, the firm said.
“We continue to see a healthy pipeline of opportunities and expect to remain selective as we evaluate potential partnerships throughout 2026,” the Hightower spokesperson told WSR.
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jeff.berman@wealthsolutionsreport.com.
