Wealth management firm merges with HighPoint

DOWNERS GROVE - Professional Wealth Advisors LLC recently announced its merger with HighPoint Planning Partners LLC. Both firms are based in Downers Grove. Together, they will manage more than $8.5 billion in total client assets and support more than 200 financial advisers.

HighPoint primarily caters to independent wealth management advisers looking for local compliance, service, support and favorable business economics. "This merger is a tremendous opportunity to share our strengths with PWA while supporting more advisers," said Craig Ibrahim, managing partner and principal at HighPoint.

The merger enhances both firms' dedication to support the growing departure of financial advisers seeking independence from large wire houses and banks, they said. The alliance also provides an innovative succession and acquisition model for advisers who are planning to retire now or in the future.