HighTower to Sell Big Stake to PE Firm
Thomas H. Lee Partners is buying a large interest in the RIA consolidator, which has about $50 billion in assets.
HighTower Nabs $500M JPMorgan Team, $230M Merrill Rep: Recruiting Roundup
Also, Wells Fargo attracts two Morgan Stanley reps with $370 million; Cetera adds new bank client with $225 million.
RBC Taps New Wealth Consulting Chief
Nate Angelo comes on board one week after the wealth firm tapped a new head of recruiting.
RBC Wealth Grabs Rival’s Top Recruiter
Michael Parker was an executive vice president and chief development officer for HighTower Advisors.
Cetera Expands Retirement Plan Solutions Team in Response to DOL Rule: Recruiting
HighTower adds a $260M team, and Janney branches out into Tennessee.
Banks Gobbling Up RIAs as Consolidator Field Shrinks: DeVoe
The number of deals is up in the first half of 2017, but the average asset level of the M&As makes a steep decline.
HighTower Nears $50B Mark, Adds 3 Execs
The firm hires George Fischer, Susan Krakower and Kyle Okimoto, who have worked for Merrill Lynch, E-Trade and CNBC.
Raymond James Adds 2 Teams from Wells Fargo: Recruiting Roundup
Meanwhile, HighTower brings on a breakaway group from Merrill Lynch in Florida.
HighTower Adds $500M Group From UBS, Merrill: Recruiting Roundup
RBC gets all-female UBS team, LPL attracts hybrid group, Cetera shares board news, and Wells Fargo promotes execs.
HighTower to Buy $6.4B RIA Aggregator WealthTrust
The larger advisor rollup firm says it added a $75 million credit facility to fund its largest deal to date.