HighTower recently announced that Gryphon Financial Partners, with $600 million in assets, has become the third member of its HighTower Network, which helps breakaway advisors transition to independence.
“The HighTower Network supports teams like Gryphon as independent financial advisors, while reducing the operating risks associated with launching and growing their businesses,” said Elliot Weissbluth, HighTower’s CEO, in a statement. “Network teams gain access to a wide array of services that they will need anyway, from technology, to compliance, to operations, as well as strategic input from other top-performing HighTower teams. Our service platform and experience fuel their growth.”
Columbus, Ohio-based Gryphon Financial Partners oversees $600 million in assets for approximately 100 households. The team transitions to HighTower from the Guth Group at Morgan Stanley. Principal Joel Guth has extensive experience working with successful business owners, specializing in pre-liquidity planning, deal execution and post-deal wealth management.
Joining him at Gryphon Financial Partners are co-principal Cathy Cory as well as team members Angelo Manzo, CFA; Judy Roseberry, CRPC; Maria Kardassilaris; Jean Sturges; and Kathy Payne.
HighTower notes that advisors who join the HighTower Network “follow their path to independence with the support of HighTower’s robust services and technology platform while retaining full autonomy and equity in their own businesses.” Network members gain access to world-class investment solutions and industry-leading infrastructure that includes comprehensive technology, compliance, research, operations and business development support.
“Our team is fully dedicated to enriching and protecting every aspect of our clients’ financial lives,” said Guth. “As we grow our practice with the unparalleled resources and support of the HighTower Network, we will continue to serve clients based on a commitment to their best interests and passion for what we do.”
Check out ‘Brutalized’ Breakaway Brokers Speak Out: 7 Stories From the Road to Independence on ThinkAdvisor.