Archer Wealth Management has been acquired by HighTower and will become its first office in St. Louis, Mo., HighTower announced Wednesday.
Barbara Archer, founder of Archer Wealth, will join HighTower as managing director and partner and will lead the expansion of the newly branded HighTower St. Louis. Archer Wealth has $400 million in assets under management.
“Barbara built a great business and she and her team align perfectly with our culture and values,” said Elliot Weissbluth, CEO of HighTower. “Their unwavering commitment to clients and friends earned them many honors at the local and national levels. Barbara exemplifies the finest of our industry and we are very proud to welcome her and her team.”
HighTower St. Louis guides high-net-worth families, executives, professionals and business owners in all areas of financial management including investment, estate and gift planning strategies. Archer is featured on multiple Barron's lists of the country's best advisors, including the Top 1200 Financial Advisors by State for 2016.
“Partnering with HighTower will allow us to expand our firm with the benefits of size, depth and sophistication to match our clients' ever-evolving needs,” says Archer.