HighTower Advisors says a team previously with JPMorgan has joined it and opened True Wealth Advisory Group, being led by Marc Shachtman. The Miami-based practice has about $500 million in client assets.
In addition, a Lebanon, Pennsylvania-based private wealth management practice overseeing $230 million in client assets has come on board: Kevin R. Keith leads the team, which earlier was with Merrill Lynch.
Keith spent 22 years at Bank of America Merrill Lynch. “Our clients’ best interests are our team’s top priority. The opportunity to serve those interests, uninhibited by many of the conflicts and problems that are common to the traditional Wall Street business model, is what drew us to HighTower,” he said in a statement.
Shachtman has been in the business since 2003, according to FINRA BrokerCheck. ”The HighTower platform caters to our specialized needs as financial advisors and independent business owners,” he said in a statement. “Affiliating with HighTower was unequivocally the right choice for our team and our clients.”