{"id":407355,"date":"2021-01-04T07:41:56","date_gmt":"2021-01-04T12:41:56","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=407355"},"modified":"2021-01-04T07:41:56","modified_gmt":"2021-01-04T12:41:56","slug":"hightower-acquires-bel-air-investment-advisors-from-fiera-capital-corporation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hightower-acquires-bel-air-investment-advisors-from-fiera-capital-corporation\/","title":{"rendered":"Hightower Acquires Bel Air Investment Advisors from Fiera Capital Corporation"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Bel Air &#8211; Hightower&#8217;s largest acquisition ever &#8211; is an $8 billion advisory business based in Los Angeles, serving high net worth individuals, families and foundations<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">CHICAGO<\/span>, <span class=\"xn-chron\">Jan. 4, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3024831-1&amp;h=3624479388&amp;u=http%3A%2F%2Fwww.hightoweradvisors.com%2F&amp;a=Hightower\" rel=\"nofollow noopener noreferrer\">Hightower<\/a> today announced that it has acquired <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3024831-1&amp;h=2374091544&amp;u=https%3A%2F%2Fwww.belair-llc.com%2F&amp;a=Bel+Air+Investment+Advisors+LLC\" rel=\"nofollow noopener noreferrer\">Bel Air Investment Advisors LLC<\/a> from Fiera Capital Corporation (TSX: FSZ). <span class=\"xn-location\">Bel Air<\/span>, with <span class=\"xn-money\">US$8 billion<\/span> in assets under management (AUM), is based in <span class=\"xn-location\">Los Angeles<\/span> and provides customized wealth management services and investment solutions exclusively to ultra-high net worth individuals, families, trusts and foundations with <span class=\"xn-money\">$20 million<\/span> or more in investable assets. This is Hightower&#8217;s largest acquisition in its 12-year history.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1083398\/Hightower_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1083398\/Hightower_Logo.jpg\" title=\"(PRNewsfoto\/HighTower)\" alt=\"(PRNewsfoto\/HighTower)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <span class=\"xn-location\">Bel Air<\/span> has 43 employees, including ten advisors who focus on bringing objectivity, comprehensive knowledge, and integrated experience to protect and preserve client wealth. Founded in 1997, <span class=\"xn-location\">Bel Air<\/span> was acquired by <span class=\"xn-location\">Montreal<\/span>-based Fiera Capital, a public company in 2013. <span class=\"xn-location\">Bel Air&#8217;s<\/span> move to Hightower, a privately held company, returns the firm to private ownership, with <span class=\"xn-location\">Bel Air&#8217;s<\/span> founders and leaders in key roles with equity in the company.<\/p>\n<p>Bel Air Chairman <span class=\"xn-person\">Todd Morgan<\/span> began his career at Goldman, Sachs &amp; Co. in <span class=\"xn-location\">Los Angeles<\/span>. After co-founding <span class=\"xn-location\">Bel Air<\/span>, he\u00a0oversaw the growth of the firm, now recognized as one of the nation&#8217;s largest independent advisory businesses for the ultra-high net worth segment of the private wealth market.\u00a0<\/p>\n<p>&#8220;<span class=\"xn-location\">Bel Air<\/span> is a successful, multi-generational wealth management business led by a group of highly talented and experienced advisors,&#8221; said <span class=\"xn-person\">Bob Oros<\/span>, CEO of Hightower. &#8220;We are honored to be welcoming <span class=\"xn-location\">Bel Air<\/span> to Hightower and look forward to collaborating with the team and providing access to our strategic consulting services, which focus on organic growth and talent development, as well as offering additional scale through our middle- and back-office capabilities.&#8221; <\/p>\n<p>&#8220;As pioneers of the independent wealth management model, we are excited to have Hightower as our strategic partner as we continue to innovate and serve the needs and interests of wealthy individuals, families and foundations,&#8221;\u00a0said <span class=\"xn-person\">David Sadkin<\/span>, President of Bel Air Investment Advisors. &#8220;Joining Hightower will enable us to continue to operate and build our platform while leveraging the firm&#8217;s strategic advice, scale, technology, and infrastructure. This will allow <span class=\"xn-location\">Bel Air<\/span> advisors to fully focus on providing distinctive investment advice and services to our clients.&#8221;<\/p>\n<p>Including Bel Air Investment Advisors, Hightower&#8217;s M&amp;A team has completed <span class=\"xn-money\">14 M<\/span>&amp;A transactions since early 2019. As of <span class=\"xn-chron\">Sept. 30, 2020<\/span>, Hightower&#8217;s assets under administration (AUA) were approximately <span class=\"xn-money\">$81.4 billion<\/span> and its AUM was <span class=\"xn-money\">$61.6 billion<\/span>. Hightower has 114 advisory businesses in 33 states.<\/p>\n<p>&#8220;Hightower shares our philosophy of placing clients&#8217; interests first and providing them with comprehensive, transparent advice,&#8221; said <span class=\"xn-location\">Bel Air&#8217;s<\/span> Morgan. &#8220;As we grow <span class=\"xn-location\">Bel Air<\/span>, we will look to share our culture and vision and continue to grow our presence in <span class=\"xn-location\">California<\/span> and across the country, and welcome Hightower&#8217;s commitment to invest the resources needed to expand the <span class=\"xn-location\">Bel Air<\/span> platform.&#8221;<\/p>\n<p>In the transaction, RBC Capital Markets and Stifel GMP\u00a0served as financial advisors to Fiera Capital while also assisting <span class=\"xn-location\">Bel Air<\/span> management in structuring the Hightower partnership.<\/p>\n<p>\n        <b>About Hightower<br \/><\/b>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&#8217;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 &#8220;well-th. rebalanced.&#8221; Based in\u00a0Chicago\u00a0with advisors across the U.S., the firm operates as a registered investment advisor (RIA). Learn more about Hightower&#8217;s collaborative business model at\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3024831-1&amp;h=162371093&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2900648-1%26h%3D1394511041%26u%3Dhttp%253A%252F%252Fwww.hightoweradvisors.com%252F%26a%3Dwww.hightoweradvisors.com&amp;a=www.hightoweradvisors.com\" rel=\"nofollow noopener noreferrer\">www.hightoweradvisors.com<\/a>.<\/p>\n<p>\n        <b>About Bel Air Investment Advisors<br \/><\/b>Established in 1997, Bel Air Investment Advisors LLC is a prominent wealth management advisory firm, providing financial advisory, asset and investment management services to exclusively high net worth individuals, families, trusts and foundations with <span class=\"xn-money\">$20 million<\/span> or more in investable assets. Headquartered in <span class=\"xn-location\">Los Angeles, Calif.<\/span>, <span class=\"xn-location\">Bel Air<\/span> services over 300 families across <span class=\"xn-location\">the United States<\/span> and oversees more than <span class=\"xn-money\">$8 billion<\/span> in assets, including private foundation relationships. Known for its philanthropic leadership in the community, <span class=\"xn-location\">Bel Air&#8217;s<\/span> professionals serve on a variety of charitable boards. For more information, visit\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3024831-1&amp;h=2600422323&amp;u=http%3A%2F%2Fwww.belair-llc.com%2F&amp;a=www.belair-llc.com\" rel=\"nofollow noopener noreferrer\">www.belair-llc.com<\/a>.<\/p>\n<p>\n        <i>Securities offered through Hightower Securities, LLC member FINRA\/SIPC. Hightower Advisors, LLC is a SEC registered investment advisor.<\/i>\n      <\/p>\n<p>\n        <b>Media Contacts:<br \/><\/b>For Hightower<br \/><span class=\"xn-person\">Patty Buchanan<\/span><br \/>JConnelly<br \/>(973) 567-9415 <br \/><a target=\"_blank\" href=\"mailto:pbuchanan@jconnelly.com\" rel=\"nofollow noopener noreferrer\">pbuchanan@jconnelly.com<\/a><\/p>\n<p>For Bel Air Investment Advisors<br \/><span class=\"xn-person\">Stefan Pollack<\/span><br \/>The Pollack Group<br \/>(310) 780\u20132364<br \/><a target=\"_blank\" href=\"mailto:stefan@pollackgroup.com\" rel=\"nofollow noopener noreferrer\">stefan@pollackgroup.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY36117&amp;sd=2021-01-04\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/hightower-acquires-bel-air-investment-advisors-from-fiera-capital-corporation-301200163.html\">http:\/\/www.prnewswire.com\/news-releases\/hightower-acquires-bel-air-investment-advisors-from-fiera-capital-corporation-301200163.html<\/a><\/p>\n<p>SOURCE  Hightower<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY36117&amp;Transmission_Id=202101040738PR_NEWS_USPR_____NY36117&amp;DateId=20210104\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bel Air &#8211; Hightower&#8217;s largest acquisition ever &#8211; is an $8 billion advisory business based in Los Angeles, serving high net worth individuals, families and foundations PR Newswire CHICAGO, Jan. 4, 2021 \/PRNewswire\/ &#8212;\u00a0Hightower today announced that it has acquired Bel Air Investment Advisors LLC from Fiera Capital Corporation (TSX: FSZ). Bel Air, with US$8 billion in assets under management (AUM), is based in Los Angeles and provides customized wealth management services and investment solutions exclusively to ultra-high net worth individuals, families, trusts and foundations with $20 million or more in investable assets. This is Hightower&#8217;s largest acquisition in its 12-year history. Bel Air has 43 employees, including ten advisors who focus on bringing objectivity, comprehensive knowledge, and integrated experience &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hightower-acquires-bel-air-investment-advisors-from-fiera-capital-corporation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Hightower Acquires Bel Air Investment Advisors from Fiera Capital Corporation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-407355","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hightower Acquires Bel Air Investment Advisors from Fiera Capital Corporation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hightower-acquires-bel-air-investment-advisors-from-fiera-capital-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hightower Acquires Bel Air Investment Advisors from Fiera Capital Corporation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Bel Air &#8211; Hightower&#8217;s largest acquisition ever &#8211; is an $8 billion advisory business based in Los Angeles, serving high net worth individuals, families and foundations PR Newswire CHICAGO, Jan. 4, 2021 \/PRNewswire\/ &#8212;\u00a0Hightower today announced that it has acquired Bel Air Investment Advisors LLC from Fiera Capital Corporation (TSX: FSZ). Bel Air, with US$8 billion in assets under management (AUM), is based in Los Angeles and provides customized wealth management services and investment solutions exclusively to ultra-high net worth individuals, families, trusts and foundations with $20 million or more in investable assets. This is Hightower&#8217;s largest acquisition in its 12-year history. 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Bel Air, with US$8 billion in assets under management (AUM), is based in Los Angeles and provides customized wealth management services and investment solutions exclusively to ultra-high net worth individuals, families, trusts and foundations with $20 million or more in investable assets. This is Hightower&#8217;s largest acquisition in its 12-year history. Bel Air has 43 employees, including ten advisors who focus on bringing objectivity, comprehensive knowledge, and integrated experience &hellip; Continue reading \"Hightower Acquires Bel Air Investment Advisors from Fiera Capital Corporation\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hightower-acquires-bel-air-investment-advisors-from-fiera-capital-corporation\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-04T12:41:56+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1083398\/Hightower_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hightower-acquires-bel-air-investment-advisors-from-fiera-capital-corporation\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hightower-acquires-bel-air-investment-advisors-from-fiera-capital-corporation\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Hightower Acquires Bel Air Investment Advisors from Fiera Capital Corporation","datePublished":"2021-01-04T12:41:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hightower-acquires-bel-air-investment-advisors-from-fiera-capital-corporation\/"},"wordCount":753,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hightower-acquires-bel-air-investment-advisors-from-fiera-capital-corporation\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1083398\/Hightower_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hightower-acquires-bel-air-investment-advisors-from-fiera-capital-corporation\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/hightower-acquires-bel-air-investment-advisors-from-fiera-capital-corporation\/","name":"Hightower Acquires Bel Air Investment Advisors from Fiera Capital Corporation - 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