CHICAGO, July 13, 2018 /PRNewswire/ -- HighTower, one of the nation's largest Registered Investment Advisors (RIAs), today announced it has named MarcCabezas as the new head of its expanded Mergers & Acquisitions team, reporting directly to Elliot Weissbluth, CEO, HighTower.
"HighTower's strong momentum and rapid growth – including our recent acquisitions of Salient Private Client and WealthTrust – is set to accelerate as we welcome Marc Cabezas," said Mr. Weissbluth. "Marc brings a deep understanding of our mission to support RIA owners and advisory teams as they grow their businesses, plan for succession and enhance the service and experience they are providing to their clients."
Mr. Cabezas will lead an expanded cross-functional team responsible for attracting RIA firms and advisor teams seeking growth support, capitalization solutions, operational expertise and a collaborative culture under a national brand. Most recently, Mr. Cabezas was Vice President and Head of Corporate Development for Edelman Financial Services, a national wealth management firm managing over $21 billion in client assets across the country. Prior to Edelman, Mr. Cabezas spent six years as Vice President of Focus Financial Partners where he was charged with driving growth, sourcing and vetting acquisition opportunities.
"In my prior roles, I always admired the HighTower business model from afar and couldn't be more excited to join the organization. For the last decade, HighTower has been the clear leader in helping advisors gain best practices and operate efficiently, leading the way to an unobstructed, fiduciary-minded approach to wealth management," said Mr. Cabezas. "We are poised and ready to welcome elite advisors looking to stay ahead of the curve in terms of technology, client-service excellence and business expansion."
HighTower's M&A initiative is fueled by an October 2017 recapitalization agreement with Thomas H. Lee Partners, which providedsignificant new equity capital. With approximately $55 billion in assets, HighTower has been on theInc. 5000 list of the fastest-growing companies in America for 6 consecutive years (2012 – 2017).
HighTower is reshaping the financial services industry from the inside out. As one of the nation's largest Registered Investment Advisors (RIAs) dedicated to providing advice, not selling a product, we are a relentless champion of the fiduciary standard. HighTower partners with independent RIA businesses and entrepreneurial wirehouse teams to provide comprehensive financial advisory services to independent financial advisory businesses. We believe that the wealth management industry can and should do a better job of serving the needs of individual investors and their financial advisors. We built HighTower upon a commitment to put our clients' best interests first. For the 6th consecutive year, HighTower ranks on the Inc. 5000 list of the fastest-growing companies in America (2012 – 2017). For more information, see www.hightoweradvisors.com and www.byadvisorsforadvisors.com.