HighTower Announces Partnership With Three Bridge Wealth Advisors

CHICAGO, July 22 /PRNewswire/ -- HighTower, the first open-source, advisor-owned financial services company, is pleased to announce a new partnership with Three Bridge Wealth Advisors, an independent financial advisory firm based in Menlo Park, Calif. The partnership provides Three Bridge with access to HighTower's multi-clearing and multi-custodial platform, HOST, enabling it to significantly expand its service offering.

"We are very excited to extend the HighTower partnership structure to an already independent firm such as Three Bridge. Extending their already independent structure is the best way to serve the unique investment needs of their high net worth and institutional clients," said Drew Kornreich, HighTower's President. "With HighTower's Open Source platform, Three Bridge can now offer a superior level of service at lower costs to clients than is available at traditional wirehouses."

Three Bridge went independent in August 2009. The principals, Eric Thurber, Fred Molfino, and Brett Sharkey are seasoned investment professionals advising more than $740 million in assets for the venture capital and private equity communities in and around Silicon Valley. The Three Bridge founders have long provided personal wealth management services to high net worth individuals, and now with this strategic partnership, will return to offering distribution management and capital market services for private equity firms.

"Freedom to use the products that we believe are in our clients' best interest, and having direct control over our costs, is at the heart of delivering a superior investment solution. HighTower's HOST platform provides the best of all worlds, with multiple custody, trading and clearing firms competing for our clients' business," said Fred Molfino Jr., Managing Director, Three Bridge. "Partnering with HighTower allows us to access HOST and deliver truly differentiated wealth management services for our clients."

"We are thrilled with our partnership with Fred, Brett and Eric," said Dave Pottruck, HighTower's Co-Chairman. "We look forward to helping them expand their offering and growing their practice."

For media inquiries, please contact Jennifer Connelly at 973.732.3521 or [email protected].

About HighTower

HighTower is the first open-source, advisor-owned financial services company. HighTower advisors are experienced investment professionals with large, established practices serving high net worth and institutional clients. 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 www.hightoweradvisors.com.

About Three Bridge Wealth Advisors

Three Bridge Wealth Advisors is an SEC-registered investment advisory firm serving the wealth planning needs of high net worth individuals and families. Located in the heart of Silicon Valley, the firm has extensive experience providing wealth management and specific services that support the venture capital and private equity community. For more information on Three Bridge Wealth Advisors, please visit threebridgewa.com or call 650 433 3500.

Securities offered through HighTower Securities, LLC, Member FINRA/SIPC/MSRB. HighTower Advisors, LLC is registered with the SEC as an investment adviser.

SOURCE HighTower