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How HighTower's executive shuffle, kicking CEO Elliot Weissbluth upstairs, opens door for new talent and paves way for Thomas Lee-fueled acquisitions splurge

Since Thomas H. Lee's $350 million February purchase of HighTower, the firm has sought ways to separate dealmaking and operational duties, but recruiting goes to outsourcer and M&A goes to Marc Cabezas.

Author Oisin Breen August 20, 2018 at 7:57 PM
no description available
Elliot Weissbluth: It's bigger and more ripe than we calculated.

Elliot Weissbluth



August 20, 2018 — 11:59 PM
and the final selection of a CEO to replacement is imminent? Please do tell more
Brooke Southall

Brooke Southall

August 21, 2018 — 12:32 AM
Stay tuned
Brooke Southall

Brooke Southall

August 27, 2018 — 11:01 PM
I've been deleting comments left on this article all afternoon. The problem is that they aren't comments -- more like spammy vitriol. Please stop.
Boug Desso

Boug Desso

August 28, 2018 — 9:12 PM
HighTower is no stranger to making strategic shifts, when necessary...this is quite the understatement...some insiders might even suggest that the frequency of these shifts point to a fundamental lack of leadership and vision
Baby R Gretz

Baby R Gretz

August 29, 2018 — 3:12 PM
Since the THL acquisition, in my opinion, the level of service provided to advisor teams has declined in quality. Constantly hearing that corporate cannot solve my problems and I am on my own.
Lew K

Lew K

September 6, 2018 — 4:05 PM
Whomever takes the wheel will have no small and easy task for a turnaround as the new era CEO Especially if the ex CEO co-founder is hanging around chomping at the bit to go buy buy buy with all that PE money burning a hole in pocket and salivating to put out the next PR press release


September 6, 2018 — 6:59 PM
Brooke can you provide any intel on post game summary scorecard of the WealthTrust transaction?

Related Moves

August 15, 2019 at 7:58 PM

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 at 11:32 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 at 2:21 PM

Amit Dogra is ready to put a shine on an $8B 'Dynasty-like' RIA service platform that's tired of keeping a low profile in cloudy Portland, Ore.

The Philly exec is now president of tru Independence after stints at SEI, Brinker, Hightower, BNY Mellon and, most recently, Sanctuary.

March 9, 2022 at 2:37 AM

See more related moves

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