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HighTower hooks a 'rare' Miami catch of a JP Morgan Private Bank stripe at a crucial moment

As sales chatter hits a fever pitch on the conference cocktail party circuit, the Chicago roll-up affiliates with a white shoe recruit and gains some needed business-as-usual credibility

Thursday, October 5, 2017 – 11:23 PM by Brooke Southall
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Marc Shachtman: Affiliating with HighTower was unequivocally the right choice.

Related Moves

As Bob Oros-led HighTower reboots, it bags an ex-Goldman RIA, hires two, makes a CMO imminent, and clarifies mission

The new CEO will need to somehow weave together the debris of the first roll-up run and the new one to the satisfaction of RIAs and the hundreds of people already inside the HighTower umbrella

March 20, 2019 – 11:32 PM

UBS bets its 'wealth' future on ex-Schwabbie Naureen Hassan, a corporate digital A-lister, who analysts give a fighting chance to transcend PaineWebber's ossified culture

Still a $2-billion cash-flow cow, the Swiss bank's 6,000-broker, US-based wirehouse is milking aging broker relationships with aging investors but needs a new kind of human presence, empathy, mindset and smarts to draw in Gen Z.

July 16, 2022 – 1:35 AM

Elliot S. Weissbluth, Hightower Advisors mastermind, cashes out and vacates chairman role as Pershing's ex-CEO Lisa Dolly takes a board seat

The Chicago rollup's founder got paid better by doing the second-stage exit and the new cast on the Board also includes Bob Oros ascending to chair and Darrell Horn of Green Square Wealth Management joining

February 19, 2021 – 8:58 PM

HighTower gets a new CEO, to be revealed later, as Elliot Weissbluth moves upstairs

Elliot Weissbluth's move upstairs ends an era, as Thomas H. Lee's reign begins in earnest, and Mark Cabezas comes in as M&A head.

September 13, 2018 – 2:21 PM


Mentioned in this article:

Diamond Consultants
Recruiter
Top Executive: Mindy Diamond

Leitner Sarch Consultants
Recruiter
Top Executive: Danny Sarch




Stephen Winks

Stephen Winks

October 6, 2017 — 7:10 PM
If Shachtman's discernment of independent advisory services alternatives is any indication, Hightower has opened the door wide open for high end advisors at private banks which have been untouchable by retail brokers. Quite a statement of HighTowers capabilities and the vulnerabilities of our best known private banks connoting a leveling of the playing field for the highest level of counsel.. SCW,

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