Stralem & Co., a New York firm with $280 million in assets under advisement, is merging into Fischer & Co., a 54-year-old New York wealth management firm that advises on $520 million in assets and is part of Hightower.
The combined firm will be known as Fischer Stralem Advisors. It will have 13 employees, including five advisers.
Hightower’s mergers and acquisitions team facilitated the acquisition, the company said in a release.
[More: RIAs see business go south]
The post New York unit of Hightower merges with $280 million firm appeared first on InvestmentNews.
As our second lead editor, Cindy Hamilton covers health, fitness and other wellness topics. She is also instrumental in making sure the content on the site is clear and accurate for our readers. Cindy received a BA and an MA from NYU.