Hightower has acquired a controlling stake in NEPC, enhancing its capabilities in wealth management and OCIO services. This partnership combines $258 billion in assets under management and $1.8 trillion in advisory assets, allowing Hightower to better serve high-net-worth clients seeking private market investments. NEPC retains its autonomy while gaining access to Hightower's retail client base, reflecting a growing trend of convergence between wealth management and institutional consulting.
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