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Articles tagged "HighTower"


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Tanya Simpson left Schwab's trust unit to head up Hightower's trust company.

Hightower Advisors brings a high-end slice of RIA custody in-house by retrofitting a Texas bank and poaching a Schwabie

The Chicago RIA rollup reports regular wins of UHNW as it hits $100 billion of AUM and holding assets in trust can build on that ultrahigh niche, CEO says

July 22, 2021 at 8:27 AM

Todd Morgan: I think this is the first one we could really hit our dreams and make it work.

Todd Morgan thinks third time will be the charm, as Hightower, in its biggest deal yet, scoops up his Hollywood RIA at a Ventura price, with earnouts to be determined

After State Street and Montreal's Fiera paid $217 million and $125 million respectively, the Chicago-based rollup gets a relative bargain

January 12, 2021 at 6:25 AM

Bob Oros: These were not deals that were almost done and we were just waiting to sign the paperwork.

After becoming a 'Zoom' maestro, Bob Oros spurred Hightower Advisors to close a $1-billion deal a week -- surpassing 2019's total in just over a month

CEO Elliot Weissbluth's replacement spent a year doing housekeeping -- then learning digital due diligence under the sword of COVID-19. But now Oros is loaded with fresh Thomas H. Lee capital, and RIAs like doing business with him

September 4, 2020 at 8:51 PM

Abby Salameh: It doesn’t matter how good you look on that Zoom or WebEx Team call if your husband, wife, kids or roommate accidentally walk into view looking like unkempt creatures from the black lagoon!

Abby Salameh tells how to stay RIA productive amid teens, TikTok and the drooling dogs

The Hightower exec is banished to a New Jersey burb, determined to be a stuck-at-home mom with a Manhattan-office output

March 25, 2020 at 10:08 PM

Jim Dickson: Our growth has been record setting [and] our pipeline today is much greater than it was a year ago ... We’re growing so fast it’s hard to keep up.

A 20-year Merrill Lynch veteran got Sanctuary Wealth to $10 billion in AUA in 15 months with no outside capital and no time in bed: 'Nobody's slept since April'

Jim Dickson also recruited HighTower talent, Amit Dogra, to bring the old HighTower brokerage model and execute it as HighTower veers toward buying RIAs

August 15, 2019 at 7:58 PM

Bob Oros:  'We want aligned interest. We want to make sure we're both motivated.'

HighTower spent at least $100 million to buy the love [and revenues] of its own advisors, a key sign an IPO or sale is taking shape, industry observers say

The Chicago roll-up paid top dollar to get virtually all its partners on board and to keep all dealing on the down low as it completes conversion to RIA roll-up from boutique wirehouse mode

June 10, 2019 at 11:20 PM

Sallie Krawcheck: All this nonsense about lattes and shoes is shifting the attention -- and thus the blame -- for the underlying systemic money challenges women face, to the women themselves.

Oisin's Bits: Sallie Krawcheck defends latte-spending after high-net-worth pivot • Black Diamond surges past $1 trillion • Fieldpoint loses $400 million book of business to HighTower RIA sparking war of words

Sallie Krawcheck rails; the Jacksonville portfolio management firm dwarfs Advent; and a HighTower RIA airlifts $400 billion from Fieldpoint, sparking strong words

May 20, 2019 at 4:32 PM

Abby Salameh will help Hightower-affilated RIAs to market in her new CMO role

New-look Hightower hires Abby Salameh and takes a 'Hurley-style' stake in a $4.8 billion DFA RIA

The Chicago roll-up gets a chief marketing officer who gets RIAs as it becomes part-Dynasty, part- Fiduciary Network in adopting a very 2019 deal structure for LourdMurray

May 3, 2019 at 7:11 PM

Bob Oros: I'm just asking for a little time and faith.

Bob Oros starts his CEO life at HighTower Advisors with a town hall meeting and clear authority

The former Fidelity RIA chief now runs his formerly largest RIA client, from Chicago, and with Elliot Weissbluth as chairman, 'inorganic' asset and 'evangelist'

January 8, 2019 at 3:09 AM

MIchael Bapis is said to be recruit number one at Rockefeller -- as he was at HighTower 10 years ago.

Michael Bapis to leave HighTower and become the first high-profile Rockefeller Capital recruit as CEO Greg Fleming scores major poach

Bapis was Elliot Weissbluth's first recruit to HighTower in 2008 and now he is also Rockefeller CEO Greg Fleming's first poach

September 8, 2018 at 2:00 AM

Greg Fleming is building out his management team to go after top advisors

Greg Fleming dips into RIA gene pool with expected hire of Chris Dupuy to fish for elite wirehouse advisers in drive to reach $100 billion in UHNW assets

But can the CEO of Rockefeller Capital Management, a brand associated with a 19th century robber baron, convince 21st century tech magnates and next-gen middling millionaires to rub shoulders with Rockefellers... and Derek Jeter?

August 28, 2018 at 1:53 AM

Elliot Weissbluth: It's bigger and more ripe than we calculated.

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.

August 20, 2018 at 7:57 PM

The churn of talent in the RIA business no longer happens the old-fashioned way.

RIAs and RIA vendors churn talent madly in March and April '18 as 'New Moves in the Biz' captures 35 of them

Serial HR moves by Raymond James, FinMason, American Century and Vestwell helped them expand into new territories, add job descriptions and more varied product lines

May 18, 2018 at 9:23 PM

HighTower deal includes long-term contract for Elliot Weissbluth.

HighTower closes $450-million deal that ups advisor stake, inks deal with Elliot Weissbluth

The Chicago-based roll-up sold '50-60%' stake -- for $350 million plus $100 million

February 10, 2018 at 12:40 AM

Brian Amidei: We'll still be in the business, we will still service our client needs.

HighTower blindsides its own Palm Desert team with pink slips leaving pregnant questions in the arid air

The Chicago roll-up cites improprieties by its partner-employees but recruiters find the timing interesting as the team was actively seeking an exit

July 16, 2016 at 12:05 AM

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