RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

Casting a wider net for talent, HighTower poaches an MSSB branch manager

After three years of relentlessly recruiting brokers from Wall Street firms, the strategic buyer will go to wirehouses to top off its managerial talent

Author Brooke Southall October 21, 2011 at 2:08 PM
1 Comment
no description available
HighTower plucked Ann Reider from an MSSB branch in close proximity to HighTower's Chicago headquarters

Women of Wealth Management


Paul Spitzer

Paul Spitzer

October 21, 2011 — 4:34 PM

With all of these high power adds to HT it seems as though the pie keeps getting cut into smaller pieces for Advisors who actually bring over AUM… With a “pending” liquidity event projected for the future it appears as though the Advisors AUM is already fully leveraged with them receiving much less than fair market value, no?


Related Moves

September 1, 2022 at 5:11 AM

UBS bets its 'wealth' future on ex-Schwabbie Naureen Hassan, a corporate digital A-lister, who analysts give a fighting chance to transcend PaineWebber's ossified culture

Still a $2-billion cash-flow cow, the Swiss bank's 6,000-broker, US-based wirehouse is milking aging broker relationships with aging investors but needs a new kind of human presence, empathy, mindset and smarts to draw in Gen Z.

July 16, 2022 at 1:35 AM

Elliot S. Weissbluth, Hightower Advisors mastermind, cashes out and vacates chairman role as Pershing's ex-CEO Lisa Dolly takes a board seat

The Chicago rollup's founder got paid better by doing the second-stage exit and the new cast on the Board also includes Bob Oros ascending to chair and Darrell Horn of Green Square Wealth Management joining

February 19, 2021 at 8:58 PM

A 20-year Merrill Lynch veteran got Sanctuary Wealth to $10 billion in AUA in 15 months with no outside capital and no time in bed: 'Nobody's slept since April'

Jim Dickson also recruited HighTower talent, Amit Dogra, to bring the old HighTower brokerage model and execute it as HighTower veers toward buying RIAs

August 15, 2019 at 7:58 PM

See more related moves

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings


Common Tags


Recent Articles


Popular Writers


RIABiz logo

RIABiz

About Us

Directory

Archives

Connect

RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.