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Articles tagged "Elliot Weissbluth"


Elliot Weissbluth: These are not simple lift-outs.

Elliot Weissbluth pooh-poohs the idea that HighTower faces channel conflict as 'stupid and uninformed'
The roll-up has added franchise- and outsource-type channels in the wake of a capital raise that failed to materialize

Friday 3.14.14
Mark Tibergien in Part II: The balance of power has shifted to advisors, regardless of whether they are on a broker-dealer platform or a custody platform.

Part I: Is the era of the monolithic RIA custodian coming to an end?
RIAs, small custodians, co-ops, study groups, roll-ups, TAMPs, compliance shops, OSJ and IBDs are all chipping away at much of what fit under the roofs of Schwab, Fidelity, TD and Pershing

Friday 11.1.13
Paul Pagnato: They love to block off a day, off-site, out of their business, out of their home, no distractions.

$2-billion HighTower practice hosts UHNW event relating to financial -- and personal -- security
When to tell kids how rich they are and how to unmask sketchy construction workers are two topics covered

Thursday 4.11.13
Margaret Towle had stops at Russell Investments, Northern Trust, a hedge fund, an asset manager and Greycourt before coming to HighTower, and leaving it.

HighTower loses RIA with $1 billion of assets and Northern Trust street cred
Margaret Towle broke the HighTower mold somewhat for having an RIA, not coming from a wirehouse, and serving only 10 clients

Friday 4.5.13
In a deal that rocked the RIA world, David Hou (pictured) and Mark Sear sold Luminous for a staggering $125 million in cash to a San Francisco bank.

10 most influential RIA figures going into 2013 and how they're reshaping the industry, Part 1
2012 was a year of drama as sweeping deals of unexpected size were struck and the industry took to the Hill to fight against FINRA overlords

Friday 3.8.13
Elliot Weissbluth: Because we didn't need the money, we passed.

HighTower passes up $40 million capital raise, takes a big breather from deals and implements a pacing regimen
The Chicago-based gazelle may chase capital markets next year, but expect deals to resume in early 2013

Monday 12.17.12
Shirl Penney (l.) and Elliot Weissbluth (middle) take their turns listening as Rudy Adolf (r.) explains his firm's impressive M&A feats.

What exactly the CEOs of HighTower, Focus Financial and Dynasty Financial revealed when they shared a stage in Las Vegas
Aggregator honchos appeared together under the unloved roll-up tag to highlight differing and evolving facets of their firms

Tuesday 9.25.12
Knut Rostad demanded to know what Elliot Weissbluth meant by 'zero conflicts of interest.'

The two dramatic moments everyone was buzzing about at the MarketCounsel conference
Elliot Weissbluth, Knut Rostad, Charles Goldman and Joe Duran helped show us why thought leadership begins when sparks fly

Tuesday 9.18.12
Elliot Weissbluth wowed the MarketCounsel crowd in Las Vegas with the news that HighTower will take on Dynasty Financial head-to-head

HighTower throws open its doors to non-partner firms who want service and/or brand
The Chicago-based consolidator announces in Las Vegas that it is gambling that it can deliver a business model similar to Dynasty Financial Partners

Friday 9.14.12
Sheila Delutri: I didn't participate in the women's lawsuit [against Merrill Lynch].

Merrill Lynch comes up snake eyes as HighTower rakes two Sin City teams off the table on the same weekend
With about $800 million in assets combined, the teams were bone-loyal to Mother Merrill for decades before everything changed in 2008 -- and kept changing

Friday 9.14.12
The M Resort is a sufficient RIA magnet -- though it shares characteristics with a suburban metroplex

'Ocean's Eleven'-grade RIA sharpies set to play Vegas at MarketCounsel's 2012 Summit
A remarkably varied lineup of industry A-listers are odds-on to spark lively conversation at the compliance confab

Friday 8.31.12
Elliot Weissbluth: A few years ago we had this meeting with just 20 of us in our old headquarters in the basement eating deli sandwiches.

What happened when HighTower assembled its RIAs at Trump Tower
300 aggregated folks dined lavishly and heard Ed Viesturs; and those perks may have a deeper purpose

Tuesday 5.15.12
Peter Hess drove the Advent-Black Diamond merger and may have created an RIA-friendly monster.

The 10 most influential figures in the RIA business going into 2012, Part 2
These advisors and executives made dramatic moves that advanced the business of registered investment advisors

Wednesday 1.4.12
HighTower plucked Ann Reider from an MSSB  branch in close proximity to HighTower's Chicago headquarters

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

Friday 10.21.11
Stacey Lau Welsh gave up her investment banking career to manage wealth. 'I can work hard and sleep in my own bed.'

Three happenings in the RIA world right now
The Innovative Alternative Strategies conference kicks off; United Capital brings aboard two high-level women advisors; and Ron Rhoades finally gets recognized for his efforts

Wednesday 6.22.11
Rudy Adolf: “This is an area we wanted to invest in and we wanted to add additional resources. The thing we’ve figured out better than anyone else is how to invest in entrepreneurs.”

Focus Financial pivots to breakaway strategy with Fidelity recruit
Mark Dupont will put a new spin on the big aggregator but entrepreneurial bent remains

Monday 5.9.11
Dave Emma: Athletes get taken advantage of and that happened to me.

A hockey star went from being a Merrill Lynch client to a Merrill Lynch advisor to the latest Merrill Lynch breakaway
Despite misgivings for 20 years, Dave Emma stayed largely for the culture and then Bank of America came along

Friday 3.25.11
Ed Simmons has a doctorate from Harvard and a 24-year tenure with Merrill Lynch. He became an RIA on Friday.

Merrill Lynch and Bank of America cultural tension may spin out a new round of breakaways, recruiters say
A big Maine team goes to HighTower; more Merrill brokers in pipeline, says Weissbluth

Thursday 2.24.11
Rich Saperstein's practice has doubled its high net worth assets under management since joining HighTower.

Rich Saperstein helps establish new strategy for HighTower Advisors as he transforms his own $10 billion practice
New York practice executes first 'tuck-in' with addition of Steve Bogner

Tuesday 1.11.11
Elliot Weissbluth: There are so many disaffected brokers at these firms.

HighTower adds an existing RIA and two big UBS producers to a burgeoning Silicon Valley office
CEO Weissbluth says that his company's pipeline is 'massive'

Wednesday 10.27.10
Matt Camden shows off an iPad that is now compatible with HighTower's tech platform

HighTower Advisors and United Capital seek to stamp out wirehouse feel by embracing Apple technology
The aggregators see risk in standing pat with PC technology when advisors use Macs at home

Thursday 5.6.10
Elliot Weissbluth: The Dean Witter and Morgan Stanley cultures never integrated so you have two cultures taking in a third culture – Smith Barney.

HighTower doubles recruiting staff and seeks green pastures of Morgan Stanley Smith Barney brokers
Unforeseen interest in potential breakaways accelerates plans of big aggregator

Thursday 4.22.10
Malcolm Gladwell's insights on entrepreneurs in last week's New Yorker pertain to RIAs

What RIAs can learn from Malcolm Gladwell’s writings on entrepreneurs as risk averse
RIAs' success as entrepreneurs is in keeping with studies covered in a New Yorker article

Wednesday 1.20.10
Elliot Weissbluth is turning his guns on the Los Angeles market now that he's secured $100 million

Weissbluth lands war chest for HighTower Advisors [Updated]
The $100 million haul means the Chicago company can battle wirehouses for talent on equal footing

Tuesday 1.12.10

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