HighTower Advisors says it has a new partner firm: Green Square Wealth Management, a $2.6 billion fee-only advisory group in Memphis, Tennessee.
Green Square Wealth was founded by Darrell Horn earlier this year. In 2001, he helped form Green Square Capital after his departure from Goldman Sachs.
“Darrell and his team have built a distinctive wealth-management, family-office and investment-advisory offering for ultra-high net worth entrepreneurs and their families, as well as institutions. We are honored that they have chosen HighTower to help scale their business,” according to HighTower CEO Bob Oros.
The partnership with Green Square Wealth is HighTower’s 22nd RIA transaction and the first since Oros was tapped as the firm’s new CEO in early January.
“Partnering with HighTower will allow us to re-allocate our resources to serving new and existing clients, while shifting the middle and back-office work to HighTower. This will allow us to continue to provide impeccable client service and maintain our growth trajectory in a more efficient way,” explained Horn in a statement.
With this transaction, HighTower — which is supported by Thomas Lee Partners — will be working with 94 advisory firms with total client assets of about $68.6 billion.
Alex. Brown’s Newest Advisor
Alex. Brown, a division of Raymond James, says it has welcomed advisor Barry Kolano in Boston. Kolano joins Alex. Brown from Wells Fargo Advisors, where he managed more than $113 million in client assets.
He has been in the financial services industry for more than 30 years and serves a variety of clients, including professional athletes and high-net-worth families.
“I was drawn to Alex. Brown because of its long history and special boutique culture, backed by the large scale resources and support at Raymond James … ,” according to Kolano. “Having the independence, flexibility and opportunity to adapt as my practice grows was also an important part of my decision to make the move.”
Kolano began his financial services career in 1984 with E.F. Hutton. He later joined A.G. Edwards, a predecessor firm of Wells Fargo Advisors.