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
Author Lisa Shidler February 19, 2021 at 8:58 PM
Jeff Spears
February 19, 2021 — 10:45 PM
The game and its coach have changed. Breakaway brokers have been replaced by M&A. Tomas H Lee definitely seems in charge.
Former HT
June 25, 2021 — 9:54 PM
The company knows M&A, but it utterly clueless on how to service advisors once acquired. Oros has bounced around the RIA space (I wonder why) and is a leader good at empty words and promises... As was Elliot. Anyone who doesn't see the end goal of THL squeezing out their last dime and leaving this to wither is clueless!
Related Moves
As Bob Oros-led HighTower reboots, it bags an ex-Goldman RIA, hires two, makes a CMO imminent, and clarifies mission
The new CEO will need to somehow weave together the debris of the first roll-up run and the new one to the satisfaction of RIAs and the hundreds of people already inside the HighTower umbrella
March 20, 2019 at 11:32 PM
HighTower gets a new CEO, to be revealed later, as Elliot Weissbluth moves upstairs
Elliot Weissbluth's move upstairs ends an era, as Thomas H. Lee's reign begins in earnest, and Mark Cabezas comes in as M&A head.
