Combined Firm Will Manage $3.6 Billion in Assets
Madison, WI / Rockville, MD August 11, 2015—It was announced today that Bronfman E.L. Rothschild LP has acquired Highline Wealth Management LLC. Together, the two firms will manage more than $3.6 billion and will have offices in nine locations.
Highline was founded by Neal Simon and is based in the Washington, D.C., area with offices outside of Philadelphia and in New York City. Simon will become CEO of the combined firms and join the Bronfman E.L. Rothschild Executive Management Committee.
Bronfman E.L. Rothschild has a stated strategic goal to broaden its reach and services by acquiring high-quality, best-in-class firms with talented people. “The acquisition of Highline Wealth Management takes our firm to a new level in continuing to improve our client experience,” said Bruce Laning, Principal and Managing Director of Bronfman E.L. Rothschild. “We plan to continue our smart-growth strategy in both the Midwest and Northeast, creating opportunities for both clients and employees.”
“I am always looking to make our firm better, and I believe this is an important step in that direction,” said Simon. “Combining the two firms gives us the ability to grow while still remaining independent, with expertise that is sophisticated and comprehensive.”
Both firms are taking advantage of ongoing industry consolidation. Bronfman E.L. Rothschild recently acquired Lake Country Wealth Management, based in Delafield, WI, while Highline has added advisors from both wire house firms as well as other independent Registered Investment Advisory (RIA) firms. “Combining our firms allows us to better serve clients,” said Simon. “The culture at both firms is to strive to get better at what we do, and this pushes us to continue to do so."
About Bronfman E.L. Rothschild
Creating, enhancing, and preserving wealth is the focus at Bronfman E.L. Rothschild. Through in-depth knowledge and experience, specialized wealth management advisors help families and individuals clarify their financial goals and develop a tailored strategy to meet their objectives. Overseeing more than $3.6 billion in client assets under management*, the firm works to understand each client’s goals and offers candid advice and guidance through the complex investment arena. The firm also serves as a consultant to corporate retirement plans, overseeing investment fund selection and monitoring, providing fiduciary oversight, and offering its unique Retirement Readiness education experience to plan participants. The firm’s retirement plan consulting and administration professionals specialize in assisting with the design, implementation, and administration of qualified retirement plans. They also provide consulting services on a wide range of retirement plan issues including plan termination, IRS and DOL audits, and plan corrections under IRS and DOL approved procedures.
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*Client assets under management as of 7/31/15
Bronfman E.L. Rothschild, LP is a registered investment advisor.