Hightower Takes Stake in $1.5B Multi-Office RIA
Alexandria Capital, based near Washington, D.C., has locations in Boston; Juneau, Alaska; New York; and Portland, Oregon.
RIA Hightower Advisors has made a strategic investment in Alexandria Capital, a $1.5 billion advisory business based in Arlington, Virginia, with offices in Boston; Juneau, Alaska; New York; and Portland, Oregon.
The business has 21 employees, including 10 advisors, and operates via its branded Think Brilliant Platform for wealth, investment and tax planning. Led by CEO Augustine Hong and Chief Investment Officer Jonathan Ferguson, Alexandria Capital clients include entrepreneurs, foundations, family offices and retirement plans.
“Augustine, Jon, and Larry Waterhouse and Steven Park, the other principals of Alexandria, have done a stellar job growing Alexandria Capital through a focused strategy of strategic acquisitions and thoughtfully delivered client service,” according to Hightower Chairman and CEO Bob Oros.
“By joining Hightower and using our operational and growth acceleration resources, they will free up time to deepen their client relationships and attract new business,” Oros said in a statement.
Founded in 1987, Alexandria Capital’s assets stood at $108 million in 2010. It merged with FIC Capital in 2017.
“Joining Hightower will magnify our ability to deliver the services that clients value most and give us a wide range of capabilities that would be difficult to put in place on our own,” Ferguson explained in a statement.
Based in Chicago, Hightower works with 117 advisory businesses in 34 states and the District of Columbia. As of June 30, its assets under administration were approximately $125.2 billion, and its assets under management were $101 billion.
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