Hightower firm in Massachusetts acquires $200 million indie

Lexington Wealth Management, a registered investment advisory firm that manages $1.3 billion in Lexington, Massachusetts, has acquired Marcus Financial Advisors, a Beverly, Massachusetts-based affiliate of Raymond James that has $200 million in assets under administration.

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The acquisition was facilitated by the mergers and acquisition team at Hightower, which owns an interest in Lexington.

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Jon Marcus of Marcus Financial will join Lexington as a senior wealth adviser. In the wake of the acquisition, Lexington has 13 advisers, and 20 employees overall.

The post Hightower firm in Massachusetts acquires $200 million indie appeared first on InvestmentNews.

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