Local News

Professional Wealth Advisors merges with another wealth management firm

Professional Wealth Advisors merged with Dorion-Gray Retirement Planning of Crystal Lake in 2019

Two wealth management firms – including one that merged with Dorion-Gray Retirement Planning of Crystal Lake in 2019 – announced a “game-changing merger agreement” last month that will make them one of the largest firms of its kind in the industry.

The merger of Professional Wealth Advisors and HighPoint Planning Partners expands the number of advisers in the region to 200, according to a news release. Together, the firms will manage more than $8.5 billion in total client assets.

“The HighPoint merger significantly ramps up our capability for advisor transitions and expands client options to more offerings and more services,” Professional Wealth Advisors Managing Partner Josh Gerry said in the release.

“Our platform is comprehensive and enables us to act as a full family office for every client. We offer turnkey financial resources for financial planning, investments, legal, insurance and tax services. All in-house, which adds appreciable value for both the client and the advisor,” he said.

Professional Wealth Advisors also recently rebranded the Dorion-Gray Retirement Planning offices on Route 176 as Professional Wealth Advisors, a spokeswoman said in an email.

Based in Crystal Lake, Dorion-Gray Retirement Planning was founded more than 30 years ago by Paula Dorion-Gray.