Hightower Acquires $3.3B Capital Management Group of New York
Capital Management Group of New York, with $3.3 billion AUM, represents Hightower’s first ‘strategic investment’ of 2024.
Source: wealthmanagement.com
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Hightower Faces Layoffs As Firm Touts "Strategic Realignment"
The news of employees being let go at the Hightower follows reports last week that Orion and advisor tech firm Envestnet also faced layoffs.
Source: wealthmanagement.com
Hightower acquires Wealth CMT for Fairport Wealth | Crain's Cleveland Business
The deal marks the fifth acquisition for Fairport since it joined the Hightower Advisors platform in 2017.
Source: crainscleveland.com
RIA Roundup: Hightower Adds CPA Firm in Latest Deal
Hightower has added a subsidiary tax practice, while no less than five other deals were announced this week and new execs were named.
Source: wealthmanagement.com
RIA Roundup: Cetera Buys 1st Pure RIA, The Retirement Planning Group
Cetera announced its 1st non-hybrid RIA acquisition, Hightower and Wealthspire added a billion dollars and Mercer, Kestra and tru Independence announced deals.
Source: wealthmanagement.com
Hightower Buys $2.3B Vigilant Wealth Management
In its 5th deal of the year, Hightower expands its footprint in the nation’s Northeast.
Source: wealthmanagement.com
Fairport Wealth names Matt Logar as CEO | Crain's Cleveland Business
The transition to new CEO Matt Logar comes with the retirement of longtime Fairport CEO Ken Coleman. Fairport, a division of Chicago-based Hightower, is among the largest wealth management firms in Northeast Ohio.
Source: crainscleveland.com
Two acquisitions add $450M in AUM to Fairport Wealth | Crain's Cleveland Business
Fairport is a division of Chicago-based Hightower.
Source: crainscleveland.com
Hightower bulks up in Illinois with $585 million RIA
The Chicago aggregator will seal the deal with Clear Perspective Advisors by year end.
United States Michael Morcos Jonathan Hylton Bob Oros Chicago Based Hightower Aurora Based Clear Perspective
Source: investmentnews.com
Oros Brings on Ex-Pershing CEO Dolly to Hightower's Board
Hightower’s recapitalization brings board changes, including the departure of founder Elliot Weissbluth. Chicago-based Hightower added former BNY Mellon Pershing CEO Lisa Dolly to its board of directors, and named CEO Bob Oros as chairman, a position previously held by Hightower’s founder and former CEO, Elliot Weissbluth until December 2020. Since its recapitalization, Hightower’s founder and former CEO, Weissbluth, has retreated from the company. He stepped down from the...
Source: wealthmanagement.com