Hightower Accelerates Chicago Expansion With $1 Billion Credit Suisse Team
CHICAGO, Aug. 20, 2012 /PRNewswire/ -- HighTower, the nation's first advisor-owned financial services firm serving wealthy families and institutional clients, announces that The Dillig Group, one of the largest and most successful advisory teams in the Chicago area, is joining the HighTower partnership. The Dillig Group's principals, Matt Dillig and Ted Bowen, who have 22 years of combined experience in the financial services sector, will work out of HighTower's headquarters in Chicago as Partners and Managing Directors. This is the eighth new advisor team to join HighTower in 2012, and the 33rd team to enter into the HighTower partnership since inception.
Mr. Dillig and Mr. Bowen manage approximately $1 billion for ultra-high-net-worth families. Mr. Dillig was named one of the Top 1,000 Advisors by Barron's in 2012 and 2011, and named 19th in the Illinois Top 50 Advisor rankings by Barron's in 2012.
"Matt and Ted are exactly the type of dynamic, innovative advisors who realize that HighTower is the only firm that can provide their clients the highest-caliber independent advice to meet their financial goals," said Mike Papedis, Executive Vice President of Business Development at HighTower. "They share our commitment to serve as fiduciaries, free of the conflicts that limit the ability of advisors to put their clients' interests first."
Mr. Dillig and Mr. Bowen worked for Credit Suisse since 2008; prior to that, they were part of Merrill Lynch Private Banking and Investment Group.
"We hold our commitment to serve as the chief investment advisor of every family we work with in the absolute highest regard," said Mr. Dillig. "Our clients are sophisticated investors who value choice. Through their cutting-edge platform, HighTower has leveraged the competitive power of Wall Street to provide our clients with the full universe of investment products to meet their high standards."
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HighTower is a national, advisor-owned financial services company serving high-net-worth and institutional clients. HighTower advisors are experienced investment professionals with large and established practices. As a dually-registered, multi-custodial firm, HighTower provides sophisticated investment solutions as well as an independent and unobstructed view of the markets. The company is headquartered in Chicago and maintains corporate centers in New York and San Francisco and offices across the country. See www.hightoweradvisors.com.