Articles tagged "HighTower Advisors"
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HighTower finds hundreds of millions to cash out itchy shareholders
Thomas H. Lee Partners likes financial firms -- especially ones with big cash flow and potential for operational efficiencies
October 25, 2017 at 3:59 PM
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
October 5, 2017 at 11:23 PM
The HighTower Advisors 'for-sale' rumors grow to include a named suitor
Source says Oppenheimer is consummating a deal but observers question how HighTower could graft its roll-up onto the aging B-D
September 1, 2017 at 2:24 PM
Elliot Weissbluth's second in command walks from HighTower to an ivory tower of 'pari passu' ownership with an 'impeccable' reputation
Michael LaMena trades in a $50-billion-AUA roll-up for $5-billion-AUM roll-up after headhunter lays out case of bright, de-Balkanized Bronfman Rothschild future
August 7, 2017 at 7:24 PM
HighTower loses two teams comprising 33 people and $3 billion of assets over July 4th weekend, declines comment, then issues a 'smashing' press release
The teams, led by Leo Kelly in Maryland and Joel Guth in Ohio, say the Chicago roll-up 'has its own agenda' but that it served as a good stepping stone to becoming fully independent RIAs
July 7, 2017 at 9:16 PM
HighTower picks up $6.4-billion roll-up on the cheap but the valuation may reflect WealthTrust's stagnant growth and profitability
The Chicago roll-up gets an embattled league of RIAs for about $70 million by persuading its financiers to double down and private equity owners to suck it up
April 13, 2017 at 11:35 PM
HighTower parts ways with -- and doesn't replace -- the dealmaker who has 'worked on more breakaway transactions ... than anyone in the industry'
Elliot Weissbluth's gun-slinging No. 2, Mike Papedis, moves on after HighTower's assets declined, deals waned and the once-loud company took on an indoor voice
March 21, 2017 at 9:53 PM
After leaving Northern Trust and later joining HighTower, Margaret Towle departs, cools her heels and lands at Merrill Lynch
The unusual instance may validate Wall Street's insistence that some advisors belong in their camp
December 18, 2014 at 8:23 PM
9 ways that Tony Robbins impressed the 'jaded' journalists at RIABiz
The guru lived through a wirehouse breakaway as the client of an RIA -- and saw the before and after of his portfolio
November 26, 2014 at 5:07 PM
What one financial advisor discovered after plunking down $12 for Tony Robbins' 'Money' manifesto
The self-help guru's Seven Easy Steps! to wealth contain a few sound nuggets but gimmicks, fallacies and straw men abound
November 25, 2014 at 10:12 PM
How Tony Robbins co-opted Elliot Weissbluth (and HighTower data) and vice-versa
A co-venture half-detailed by this unlikely couple of Type A-plus go-getters may set the stage for a wider collaboration -- perhaps a co-robo
November 25, 2014 at 8:07 PM
HighTower adds two battle-hardened T. Rowe generals to the 401(k) field
The Chicago-based roll-up is angling for retirement rollover dollars but observers question how determined it is to become a serious player in the lurcrative sector
