Hightower adds $2.5B high-net-worth focused firm to its list of 2023 acquisitions

The wealth manager has announced a strategic investment in the Florida RIA firm.

Hightower has announced a strategic investment in a $2.5 billion fee-only RIA firm, its eleventh acquisition of 2023 so far.

With 35 years in business, Resource Consulting Group focuses on providing investment management, financial planning, and retirement planning services to high-net-worth and ultra-high-net-worth clients across the U.S. from its Orlando, Florida, base.

The firm has 30 credentialed staff, including 13 CFPs, three CPAs, two attorneys and one CFA, along with 13 support personnel.

“We were seeking a forward-thinking strategic partner that could help us grow and evolve our business, while allowing us to deliver the same high-quality service to our clients that we’ve provided for 35 years,” Gregg Biro, president and CEO of Resource Consulting Group, said in a statement. “We are confident that Hightower’s entrepreneurial approach to partnership, coupled with their value-added service model, will help get us there faster.”

Hightower’s partnership model enables Resource Consulting Group to operate with autonomy and retain its distinct identity, while benefitting from the enhanced resources offered by the $131 billion wealth manager.

“Resource Consulting Group’s commitment to their clients, alongside their unwavering dedication to fostering personal growth of their employees aligns perfectly with our core values,” said Hightower chairman and CEO Bob Oros. “Their decision to join Hightower underscores our mutual respect for cultivating talent and reaffirms our shared people-centric approach to wealth management. I am delighted to welcome them to the Hightower community as they embark on the next phase of their growth journey.”

Hightower’s acquisitions so far in 2023 include GMS Surgent, a Pennsylvania-based, full-service CPA firm that Hightower advisors are able to leverage for tax advisory services for its clients.