Expanding its reach in the financial advisory industry

  • Hightower acquires Resource Consulting Group, a Florida advisor firm with $2.5 billion in assets
  • Resource Consulting Group provides fee-based planning services to high-net-worth and ultrahigh-net-worth households
  • The firm has over 550 individual clients, as well as charities and retirement plans
  • Hightower continues its expansion through strategic acquisitions

Hightower has announced its latest acquisition, Resource Consulting Group, a Florida-based advisor firm with $2.5 billion in assets. The firm specializes in providing fee-based planning services to high-net-worth and ultrahigh-net-worth households across the country. With over 550 individual clients, as well as charities and retirement plans, Resource Consulting Group has established itself as a trusted name in the industry. This acquisition is part of Hightower’s ongoing expansion strategy, as the company continues to grow its presence in the financial advisory market.

Factuality Level: 7
Factuality Justification: The article provides factual information about Hightower’s acquisition of Resource Consulting Group and their services. However, it lacks context and background information about the companies involved and does not provide any analysis or opinions.
Noise Level: 2
Noise Justification: The article is very short and lacks any meaningful information. It is mostly a notification of a business acquisition without providing any analysis, insights, or evidence to support its claims. It also diverts into unrelated territories by mentioning the subscriber login process.
Financial Relevance: Yes
Financial Markets Impacted: Hightower and Resource Consulting Group
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to a financial topic as it discusses the acquisition of Resource Consulting Group by Hightower. There is no mention of an extreme event in the article.
Public Companies: Hightower ()
Private Companies: Resource Consulting Group
Key People: Gregg ()

Reported publicly: www.barrons.com