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Practice Management > Building Your Business

HighTower Nears $50B Mark, Adds 3 Execs

By Janet Levaux

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HighTower Advisors says it is beefing up its managerial ranks to support an “aggressive growth strategy.”

The RIA struck 21 deals in the first half of 2017, including its largest acquisition to date: the purchase of WealthTrust, which it announced in April.

Through June, the teams added have about $10 billion in client assets, giving HighTower a total of close to $50 billion, a 27% increase from Jan. 1.

“In support of this rapid expansion and to help drive HighTower’s ongoing evolution, the firm is investing in top talent at the executive level, all reporting directly to CEO Elliot Weissbluth,” the company said in a statement.

Exec Details

The new hires are George Fischer, Susan Krakower and Kyle Okimoto.

Fischer has been tapped to lead HighTower’s operations and service group. He has more than 20 years of industry experience, including a decade at E-Trade, where he ran the firm’s wealth management, active investor, lending, banking and cash management lines of business.

Krakower now serves as HighTower’s chief brand strategist. She has 20 years of industry experience, having spent about 10 years at CNBC, where she created “Mad Money with Jim Cramer” and “Fast Money.”

Prior to joining the RIA, she was the chief creative officer for SkyBridge Capital, where she reported directly to Anthony Scaramucci, now senior vice president and chief strategy officer for the U.S. Export-Import Bank.

Okimoto has been hired as a strategic consultant with a focus on supporting the company’s offering for independent business owners. He was with E-Trade from 2013 to 2016, after working for Merrill Lynch in a variety of roles since 2004.

At Merrill he served as a co-head of strategy and business development for the wealth management unit and led development of the firm’s Optimal Practice Model (OPM). 

— Check out How Two Friendly Rivals Formed HighTower St. Louis on ThinkAdvisor.

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