Hightower's recent acquisition of NEPC, a renowned firm in advising pensions and endowments on asset allocations, is set to reshape the wealth management sector.
This move reflects a broader trend of private equity firms entering the industry and partnering with institutional consulting firms to enhance investment capabilities.
The collaboration between Hightower and NEPC will allow Hightower to offer improved access to private markets and more favorable investment terms to its clients.
Despite the acquisition, NEPC will maintain its autonomy and continue to serve its existing clients effectively.
This strategic alliance marks a pivotal moment for both Hightower and NEPC, positioning them as leaders in the evolving wealth management industry.