Chicago-based wealth management firm Hightower has acquired tax and advisory firm GMS Surgent of Devon, Penn. This is the second recent transaction involving a wealth management firm acquiring a CPA firm.
Founded in 1992, GMS Surgent provides accounting, tax preparation and other tax and wealth planning services to mainly high-net-worth and business clients. As part of the deal, the firm will operate as a wholly owned tax subsidiary of Hightower.
“We are thrilled to welcome GMS Surgent into the Hightower community, enabling us to provide advisors with a vetted resource to deliver comprehensive tax services to clients via a seamless experience,” says Hightower chairman and CEO Bob Oros. “At Hightower, we actively foster a collaborative environment where holistic wealth is our foremost mission, and this alliance empowers advisors to focus on their core services and strengthen relationships with clients.”
