CHICAGO, May 22, 2017 /PRNewswire/ -- HighTower announces the launch of PDS Wealth Management, based in West Palm Beach, FL. Under the leadership of Managing Director Tom Parker, and Directors Patrick Dugan, Paul Spencer and Tommy Parker, the team oversees approximately $160 million in client assets. The team transitioned to HighTower from Merrill Lynch.
"Teams like PDS Wealth Management thrive in the HighTower community," said Kimberly Papedis, Managing Director, Head of National Sales & Platform Strategy at HighTower. "Our vibrant culture, sophisticated platform, and focus on growth attract entrepreneurial financial advisors from a variety of backgrounds."
Tom Parker has more than 36 years of investment experience. Prior to joining Merrill Lynch, he spent 18 years trading and underwriting U.S. Treasury and Federal Agency debt instruments as a member of the primary dealer community in New York. Patrick Dugan began his career at Smith Barney before joining Merrill Lynch. Paul Spencer was an Institutional Equity Salesman and Equity Research Analyst at Lehman Brothers in New York City before he worked at Merrill Lynch. Tommy Parker was a Financial Advisor at Merrill Lynch and also worked in in Bank of America Merrill Lynch's Institutional Corporate Bond Department.
"We are delighted to affiliate with HighTower, which will enable us to operate as an independent practice while bringing our clients the high caliber of investments and service they have come to expect. As fiduciaries, we look forward to loyally serving only the interests of our clients," said Tom Parker.
Beginning tomorrow, May 23, HighTower will host its 3rd Apex Summit at the Intercontinental San Francisco. Featuring insightful speakers and thought leaders from a variety of fields, Apex 2017 will explore the idea that financial success is not an end-goal in and of itself, but rather a catalyst to achieving an extraordinary quality of life. To learn more, visit http://hightoweradvisors.com/apex/2017 and follow the #HTApex hashtag on LinkedIn, Twitter and Facebook.
HighTower is a national firm built by and for elite financial advisors. HighTower advisors commit to the fiduciary standard: a binding promise to put our clients' interests first. Powered by a proprietary technology and investment platform, HighTower embraces bold change to create a culture of collaboration and growth and to meet the evolving needs of sophisticated investors. For more information, see www.hightoweradvisors.com and www.byadvisorsforadvisors.com.
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