Hightower's Innovative Investment in Financial Advisory Services
Hightower has recently announced its strategic investment in Financial Planning and Information Services, Inc. (FPIS), a devoted financial planning team known for its holistic wealth management processes. This investment, part of Hightower's aggressive growth strategy, reflects its commitment to enhancing financial services across the industry. FPIS, managing assets exceeding $1.1 billion, is poised to benefit from the resources and support that Hightower brings, serving as a significant player in the financial planning sector.
Leadership Transition at FPIS
Led by a passionate team of second-generation leaders, including President and CEO Ryan Wempe with Vice Presidents Dan Budinger and Rachel Brown, FPIS has been a cornerstone in the wealth management landscape since its inception in 1985. The company’s founders, particularly Lon Mishler, established a solid foundation focused on personal client relationships and comprehensive financial services. As part of this exciting transition, FPIS has promoted two valued team members, Brock Becker and Carl Ekstrom, signifying confidence in their ongoing growth and success.
Commitment to Local Community
Retail clients in the Green Bay community can continue to expect the same high standards of service they have always valued. FPIS will maintain its brand, dedicated investment philosophy, and the personalized approach to serving its clients as they integrate into the larger framework offered by Hightower. This seamless transition emphasizes Hightower's dedication not just to financial success, but to community engagement and long-term relationship-building.
Shared Values and Vision
A key highlight of the partnership is the alignment of values between Hightower and FPIS. “FPIS built its practice on a core principle…their leaders’ decision to join Hightower highlights our shared dedication to community and the importance of developing long-term, generational wealth relationships,” remarked Bob Oros, Chairman and CEO of Hightower. With this collaborative spirit, the partnership inspires confidence and extended resources for both teams as they embark on further growth journeys.
Empowering Financial Services
Hightower’s investment in FPIS marks the fifth strategic investment made this year, underlining the firm's commitment to empowering advisory teams. Hightower provides a distinctive suite of tools designed to boost client engagement and advisor efficiency. From technology resources to a national in-house trust company, Hightower offers multifaceted support aimed at enhancing the capability of financial advisors to align closely with client needs.
Growth and Expansion in the Financial Sector
The network of Hightower comprises 140 advisory teams operating across 35 states and the District of Columbia. As the financial advisory landscape evolves, so too does the opportunity for firms like Hightower to lead with innovative solutions. Services include comprehensive business development consulting and robust support systems focused on accelerating organic growth.
In addition to these offerings, advisory groups aligning with Hightower can benefit from support aimed at inorganic growth opportunities. This includes assistance with sourcing potential partners, valuations, legal guidance, and integration post-acquisition, enabling teams to thrive in an increasingly competitive market.
The Path Ahead for FPIS
As FPIS joins the Hightower community, President and CEO Ryan Wempe emphasized the importance of new tools and services available through Hightower to help guide clients through different life stages. This partnership holds promise for clients seeking guidance with unwavering support and expert financial advice.
About Hightower
Hightower is a distinguished wealth management firm dedicated to providing individuals, foundations, and family offices with comprehensive investment, financial, and retirement planning services. With its expansive national footprint, Hightower serves corporations by offering 401(k) consulting and cash management services. The firm is committed to empowering its network of independent wealth advisors, positioning them to foster client relationships and reach their visions of financial wellness.
Frequently Asked Questions
What prompted Hightower's recent investment?
Hightower made this strategic investment to enhance its financial advisory services and support FPIS's growth in wealth management.
What is the significance of FPIS's partnership with Hightower?
The partnership allows FPIS to leverage Hightower’s resources, promoting further client service excellence and operational efficiency.
Who leads the FPIS team?
FPIS is led by President and CEO Ryan Wempe, along with Vice Presidents Dan Budinger and Rachel Brown.
How does Hightower support its advisory teams?
Hightower provides resources for business development, compliance, marketing, and technology to help advisory teams grow and succeed.
What kind of clients does Hightower serve?
Hightower serves a diverse range of clients, including individuals, foundations, family offices, and corporations through tailored financial services.
