Madison-based Bronfman E.L. Rothschild LP acquired Highline Wealth Management LLC, based in the Washington, D.C. area. 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 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.
Both firms are taking advantage of ongoing industry consolidation. Bronfman E.L. Rothschild recently acquired Lake Country Wealth Management, based in Delafield, while Highline has added advisors from both wire house firms as well as other independent Registered Investment Advisory firms.
