HighTower Partnership Adds $400mm RIA in Bellevue, Washington
CHICAGO, July 28, 2014 /PRNewswire/ -- HighTower expands its West Coast presence with the addition of HighTower Bellevue, the 43rd team to join the HighTower partnership.
Larry (Lars) Knudsen and Dan Stober join HighTower as Partners. Previously, they led Triad Wealth Stewardship, the RIA firm they founded in 2007 to offer family wealth stewardship services as well as traditional financial planning and portfolio management to high-net-worth clients.
"Lars and Dan's entrepreneurial drive and independent-mindset are an excellent fit with the culture and mission of HighTower," said Michael Parker, HighTower's National Director of Enterprise Development. "Many RIA's today are challenged by the rapid pace of technological advancements and the burden of regulatory compliance which squeeze operating margins. Our proven infrastructure and cutting-edge technology platform attract successful advisor teams like HighTower Bellevue, supplying them with the necessary resources to grow."
The HighTower Bellevue team currently manages $400 million in assets for individual and institutional clients. Before founding Triad Wealth Stewardship, Mr. Knudsen ran Financial Security Group (FSG), which merged with national CPA firm Moss, Adams after 14 successful years as an independent financial planning firm. He began his career as an accountant with Coopers & Lybrand. Mr. Stober spent six years at Smith Barney before joining Mr. Knudsen at FSG. Following the merger with Moss, Adams, he started Covault Wealth Advisors, which then merged with Triad Wealth Stewardship.
"As members of the HighTower partnership, we gain access to a world-class platform and the financial services industry's best products without sacrificing our independent roots," said Mr. Knudsen. "Joining the HighTower Partnership allows us to be a boutique firm with institutional strength, instantly scale-up, and leverage a nationwide network of like-minded fiduciary advisors. HighTower is a perfect union of culture and operating sophistication, affording us the opportunity to focus on serving our clients and growing our business."
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