Highland Associates Inc

Highland Associates, Inc., established in 1987 and based in Birmingham, AL, specializes in providing comprehensive consulting services to institutional investors, particularly not-for-profit healthcare institutions and mission-based organizations. Since being acquired by Regions Bank in 2019, Highland's national client base includes foundations, endowments, defined benefit and contribution plans, insurance portfolios, and non-profit healthcare entities. The firm offers customized investment solutions, asset allocation recommendations, and reporting services. Clients can opt for Implemented Consulting, Discretionary Services, or Designated Investment Services. Highland managed $6.77 billion of client assets on a discretionary basis and $13.37 billion on a non-discretionary basis as of December 31, 2024. The firm negotiates fees on a per-client basis and does not charge performance-based fees. Highland caters to institutional investors and does not have minimum account size requirements, except for specific investment funds. Their asset allocation philosophy focuses on matching assets to known liabilities, with strategic and tactical components guided by the Highland Investment Working Group. The firm's investment strategies aim to achieve favorable risk-adjusted returns while considering market volatility and economic conditions. Highland does not receive soft dollar benefits, compensates for client referrals, or have custody over client assets. Clients receive account statements directly from qualified custodians. Highland offers discretionary trading authority and delegates proxy voting responsibilities to sub-advisers. The firm's financial condition is sound, ensuring the ability to meet contractual obligations.