Launched in 1984, the organization, which has roughly $625 million in assets below management and three places of work in Massachusetts, presents full-services prosperity management to individuals and families
CHICAGO, Feb. 13, 2023 /PRNewswire/ — Hightower currently introduced it has built a strategic expense in Bickling Fiscal Companies, Inc., a Lexington, Massachusetts-based mostly registered investment decision advisor (RIA) with roughly $625 million in belongings beneath administration and 3 places of work throughout the point out.
Started in 1984, Bickling Economic Services, Inc. (BFS) is a family-owned organization. The firm’s founder, Dorothy Bickling, Ed. D., was a single of the initially 600 people—and one particular of the initial women—to get paid the Qualified Financial Planner (CFP®) designation. Dorothy’s two sons, Spencer Betts and Andrew Betts, joined the business in 2000 and 2007, respectively. Given that joining the business, Spencer and Andrew, now co-Managing Principals of BFS, assisted BFS transition the practice to an independent RIA and have due to the fact led the firm’s evolution to turn into an institutionalized enterprise.
“As a organization, we have seasoned large advancement around the previous several several years,” explained Spencer Betts, CFP®, who, together with his brother, Andrew Betts, MBA, CFP®, oversees the household-owned organization. “To carry on accomplishing our advancement plans, we realized we essential a strategic companion that could enable us scale the company and commit in its long run. Following speaking with numerous choices in the marketplace, we concluded that Hightower has the ideal combination of methods and value-additional expert services that will allow us to equally serve shoppers and take the organization to new heights.”
With 14 staff, which include 5 advisors, Bickling Economical Products and services provides comprehensive-support prosperity administration and economic scheduling providers created to assistance clientele attain their very long-expression private and economic goals.
“When it arrived to deciding upon a companion, we understood we needed a business that would incorporate sources and knowledge, but also give us the freedom to put into action our strategic eyesight,” Andrew Betts claimed. “With Hightower, we have a husband or wife who appreciates our eyesight and can present the correct stage of aid to assist us adhere to by way of on our growth approach in an accelerated trend. We see this as the future evolution of our business enterprise.”
Bickling Fiscal Solutions has strong ties to communities in New England and all through the Northeast. All through its record, the organization has mainly served affluent and significant-internet-truly worth client households.
“Spencer and Andy are youthful leaders who have ushered in remarkable expansion about the previous a number of many years,” mentioned Hightower Chairman and CEO Bob Oros. “We appear forward to assisting them attain their bold development objectives, each organically and by means of expertise acquisition, scale their functions, and develop the upcoming-generation of leaders through applications like our Hightower Centre for Management.”
Hightower gives its 132 advisory corporations in 34 states and the District of Columbia a range of products and services made to catalyze and accelerate natural development, which includes business enterprise growth consulting, leadership and staff development, expertise acquisition, promoting help, know-how, investment decision management means, compliance, accounting, payroll and human assets. Inorganic expansion companies consist of sourcing, valuation, offer structuring, thanks diligence, lawful and regulatory, pre- and submit-close integration, and money resources for M&A transactions. Advisory groups that associate with Hightower also achieve accessibility to economies of scale, deep industry interactions and a nationwide advisor neighborhood.
As of December 31, 2022, Hightower’s belongings less than administration ended up roughly $144.3 billion, and belongings under administration (AUM) were $113.7 billion, an raise from $106.1 billion as of September 30, 2022.
Hightower is a prosperity management firm that delivers financial investment, economic and retirement organizing providers to people today, foundations and family places of work, as properly as 401(k) consulting and income administration companies to corporations. Hightower’s capital methods, operational aid expert services, sizing and scale empower its vivid group of unbiased-minded prosperity advisors to grow their companies and support their consumers realize their eyesight of “perfectly-th. rebalanced.” Centered in Chicago with advisors across the U.S., the agency operates as a registered financial commitment advisor (RIA). Master more about Hightower’s collaborative organization model at www.hightoweradvisors.com.
Securities offered via Hightower Securities, LLC member FINRA/SIPC. Hightower Advisors, LLC is a SEC registered investment advisor.
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