HighTower Secures Funds to Expand Startup Capital Offering for New Advisory Practices

CHICAGO, July 26, 2017 /PRNewswire/ -- HighTower announces the expansion of its startup capital program for teams launching their own businesses within the HighTower community.

"We're committed to supporting entrepreneurial advisors who wish to launch their own businesses. We designed the HighTower platform, brand and culture to support entrepreneurial financial advisors who serve their clients as true fiduciaries," said HighTower CEO Elliot Weissbluth. "This financing program allows us to fuel the growth of more teams looking to launch their own businesses."

HighTower is a driving force in the financial services industry's shift toward independence. Advisors can affiliate with HighTower in a variety of ways, including as independent business owners. The new financing program represents the latest step forward in HighTower's mission to bring the fiduciary standard to all investors by offering a broader share of elite advisors the opportunity to join its community.

"We're offering successful advisors startup cash—available to them on day one—to launch their practices with HighTower," added Kimberly Papedis, Managing Director, Head of National Sales & Platform Strategy at HighTower. "We're excited to meet this need and help support both the launch and growth of their businesses."

2017 is HighTower's strongest year ever in terms of growth. The firm completed a total of 21 transactions in the first 6 months of 2017. This includes financial advisor teams acquired as part of WealthTrust, HighTower's largest acquisition ever, announced in April. The 21 new teams add more than $10 billion in client assets to HighTower, with the firm's total client assets now approaching $50 billion—a 27% increase since the beginning of the year.

About HighTower

HighTower is reshaping the financial services industry from the inside out. As the nation's largest Registered Investment Advisor (RIA) dedicated to providing advice, not selling a product, we are the leading voice of the fiduciary standard. We believe that the needs of individual investors and their financial advisors are not well-served, and we are committed to transforming our industry for the better. To learn more, see www.hightoweradvisors.com and www.byadvisorsforadvisors.com.

Melinda Brodbeck
JConnelly
973-850-7348 
[email protected]

SOURCE HighTower

Related Links

http://www.hightoweradvisors.com