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Wisconsin RIA HighTower Raises $1.1 Billion in Funding


Hightower, a leading serial acquirer in the RIA space, has made its fifth strategic investment of the year by staking a $1.1 billion Wisconsin-based RIA, Financial Planning and Information Services (FPIS). FPIS caters to high net worth clients in the Green Bay area, as well as corporate pension plans, charities, and foundations. While the exact size of Hightower’s stake in FPIS has not been disclosed, the firm has announced that FPIS will retain its brand identity post-investment.

FPIS is led by president and CEO Ryan Wempe, along with vice presidents Dan Budinger and Rachel Brown. With a team of 16 employees, including 10 advisors, FPIS is well-positioned in the market. The terms of the deal have not been fully disclosed, but it is clear that Hightower’s investment will further bolster FPIS’s capabilities and reach in the industry.

Hightower’s continued expansion and strategic investments underscore the firm’s commitment to growth and innovation in the RIA space. By partnering with established firms like FPIS, Hightower is able to leverage its resources and expertise to drive further success for both parties involved. With a strong team and a solid track record, FPIS is poised to benefit from this new partnership and continue serving its clients in the Green Bay area and beyond.

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Photo credit citywire.com

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