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Deal-making momentum is AWOL 'for reasons unknown,' but HighTower Advisors wins an outsource deal with a fresh $500 million Morgan Stanley breakaway

This deal looks pretty normal, but the Alabama sign-on looks like a pioneer in this eerily quiet market

Author Lisa Shidler September 18, 2013 at 3:32 AM
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Mike Papedis: For reasons unknown, it hasn't translated to movements.

Alois Pirker


Danny Sarch


Shirl Penney


Mike Papedis


Sarch Leitner

Jeff Spears

Jeff Spears

September 18, 2013 — 7:31 PM

It’s always darkest before the dawn. I’m encouraged by a challenging environment. If it was easy then everybody would do it (a few years ago it seemed like everybody WAS doing it). HighTower should be commended for pivoting and adding the two new models even if they look allot like Dynasty and Sanctuary(my firm). Apple wasn’t the first firm to produce an MP3 player.

Brooke Southall

Brooke Southall

September 18, 2013 — 7:41 PM

This is a great thought, Jeff, appealing to everyone’s inner contrarian. I hope it is like starting
a business at the bottom of the cycle or taking over a football team with an 0-12 record — creating the mettle that leads to better things.

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