NEW YORK, March 27, 2012 /PRNewswire/ -- Richard Saperstein, head of HighTower's TREASURY PARTNERS team, announced today that Steven Feit has joined his team as Managing Director/Partner.
"I've known Steve for more than 25 years, and he's a consummate professional," Mr. Saperstein said in making the announcement. "We both learned the business from the ground up back in the late 1980s when we were with Oppenheimer & Co."
"When it comes to exercising prudence there's no substitute for experience, and Steve's deep understanding of every facet of this business is going to prove invaluable to our clients."
In addition to his responsibilities in the client services area, Mr. Feit will be overseeing TREASURY PARTNERS' finance and investment management operations.
Mr. Feit began his career in 1981 with J. B. Hanauer, and became a Financial Advisor in 1982 while with Merrill Lynch. He joined Oppenheimer & Company in 1983, and began his management career with that firm in 1988. Prior to leaving CIBC/Oppenheimer for Paine Webber in 1999, he was a Managing Director/New York Branch Manager.
Mr. Feit was Senior Vice President/New York Branch Manager at Paine Webber, which UBS acquired in 2000. UBS appointed Mr. Feit a Managing Director in 2005, and he held a succession of senior branch and complex management positions in New York and New Jersey.
"I'm excited by the prospect of joining forces with Rich and his highly capable team. He and I trace our 'roots' back more than two decades and, knowing him as well as I do, there's absolutely no question in my mind as to why Barron's consistently ranks him among the country's top Financial Advisors," said Mr. Feit.
"It's clear to both of us that this new partnership will result in significant synergies across our entire platform, and greatly enhance our ability to deliver exceptional advice and services to our clients," Mr. Saperstein.
Mr. Feit is a Magna Cum Laude graduate of Boston University, where he earned his BS degree in Business Administration.
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About TREASURY PARTNERS
Headquartered in New York City, TREASURY PARTNERS is a team of 16 investment, trading, and research professionals. TREASURY PARTNERS delivers a broad array of wealth and corporate cash management services to private investors, family offices, foundations, endowments, and corporations. See treasurypartners.com.
Treasury Partners is a team of investment professionals registered with HighTower Securities, LLC, member FINRA, MSRB and SIPC & HighTower Advisors, LLC a registered investment advisor with the SEC.
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 around the country. See hightoweradvisors.com.
All securities are offered through HighTower Securities, LLC and advisory services are offered through HighTower Advisors, LLC.