Hightower Advisors is buying part of Frontier Investment Management, a Dallas-based wealth advisory firm with nine offices and $3.3 billion in assets under management.
Founded in 1994, Frontier has three offices in Texas, as well as offices in Arizona, California, Colorado and Florida. It also has 42 employees, including 35 who work directly with clients in an advisory capacity.
“Frontier is a successful business with a talented, energetic next generation that are poised to scale,” according to Hightower CEO Bob Oros. “Hightower is excited to be providing them with the middle- and back-office support, capital, time and resources they need to grow organically and through acquisitions.”