Alston & Bird client Green Square Wealth Management, a registered investment adviser, has entered into an agreement to partner with wealth management firm HighTower Advisors.
Green Square will bring $2.6 billion in client assets to the partnership, increasing HighTower’s total client assets to approximately $68.6 billion while tapping into HighTower’s operational support and technology across 33 states.
Based in Memphis, TN, Green Square Wealth Management has served ultra-high-net-worth families and institutional investors throughout the U.S. since its inception in 2001.
HighTower is a national financial services firm founded in Chicago in 2007.
The companies are targeting the second quarter of 2019 to close the transaction, which is subject to regulatory approvals and other customary closing conditions.
Advising Green Square Wealth Management on the deal is an Alston & Bird team led by partner Randy Moore, associates James Alexander and John Gerl, and senior attorney Sarah McElroy (Financial Services & Products), partner Brian Harvel and associate Seth Buchwald (Federal & International Tax), partner Brett Coburn (Labor & Employment), senior associate Andy Yates (State & Local Tax), senior associate Fahad Saghir (Employee Benefits & Executive Compensation), and paralegal Jan Ezell (Corporate & Business Transactions).