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Articles tagged "Mike Papedis"


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
Mike Papedis: We are not engaged in responding to gossip and we are sticking to our business strategy.

Top recruiter Kevin Geary exits HighTower
The departure of the acclaimed Schwab veteran is a palpable sign for some that the roll-up is going in a new direction

Monday 1.27.14
Laurie Kamhi: Being a partner and having a say in future development is important to me.

HighTower shifts into high gear with a three-team, $1.2 billion AUM in-three-weeks spree
An alpha predator in 2010, 2011, the Chicago-based rollup, now with with 260 employees, roars again, twice at Merrill Lynch and once at UBS

Monday 12.2.13
Mike Papedis: For reasons unknown, it hasn't translated to movements.

Deal-making momentum is AWOL 'for reasons unknown,' but HighTower Advisors wins an outsource deal with a fresh $500 million Morgan Stanley breakaway
This deal looks pretty normal, but the Alabama sign-on looks like a pioneer in this eerily quiet market

Wednesday 9.18.13
Roger Shaffer: At first, I was looking for an option that didn't exist.

Why Roger Shaffer happily agreed to become a 'HighTower' advisor without getting paid for his practice
After two decades at Merrill and then SunTrust, the Atlanta advisor finally found the right admixture of autonomy, open architecture and paternal assurance

Tuesday 6.4.13
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
Aite Group's Alois Pirker (center) moderated a conversation on the joys of independence -- and interdependence

Fidelity goes to the Wall Street Ritz-Carlton with five partner firms and preaches going independent more dependently
The takeaway at this hybrid mini-summit: Yes you can -- but probably not without some serious backup

Monday 3.4.13
Mike Papedis: Partnership is not for all advisors.

It won't be long before HighTower's fee-for-service channel revenues draw even with its partner firm revenues
Chicago aggregator is in talks with 50 firms about signing up with the newly unveiled Network and Alliance options

Monday 3.4.13
Mindy Diamond: You can imagine the size of transition packages that he was offered and turned down.

HighTower grabs sought-after $650 million Merrill Lynch 'life sciences' team and shrugs off recent deal slowdown
In the old money town of Philadelphia, the strategic buyer is 'planting a flag' and going after new wealth created in the biotech realm

Wednesday 2.20.13
Mike Papedis: It shouldn't be surprising that high-caliber advisors have a following, too.

After a five-month deal-making hiatus, HighTower adds a couple of advisors and hints at a busy 2013
The serial buyer nabs a combined $400-million of tuck-ins-as-partners after a deliberate breath-catching and a financing no-go

Monday 1.14.13
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
Matt Dillig: Everybody calls the same people but not everyone has the same outcome.

How a young, new HighTower recruit built his business to $1 billion in assets with just 30 clients
Matt Dillig's team is the Chicago aggregator's first 'get' from Credit Suisse, known for its superwealthy clients

Wednesday 8.22.12
Eugene Lerner: As we can do some good, I'll be here.

How HighTower brought an 83-year-old, $600-million breakaway broker back from the wirehouse side
After Eugene Lerner moved his RIA to Morgan Stanley Smith Barney, HighTower lured the former pupil of Milton Friedman and professor of Alan Greenspan back to the RIA world

Tuesday 7.24.12
Drew Nordlicht: We spent more of our time explaining the trust aspect of the firm.

Luring a $330 million team away from UBS, HighTower opens first San Diego office
After five years at Smith Barney, HighTower convinces the team to complete second big move in five years

Tuesday 7.3.12
Tony Sirianni: Everything's been faster, bigger, more.

How Washington Wealth is using a million-dollar carrot to lure centers of massive wirehouse influence
The Virginia-based firm is surpassing its growth targets by going way up the ladder for recruits

Wednesday 3.28.12
Jordan Waxman: Our clients are so supportive of my athletic pursuits.

After swimming the English Channel, a $1.4 billion Merrill team member crosses over to HighTower
A New York firm with ultrarich family clients charted the tides for over a year before spanning the waters to independence

Tuesday 3.6.12
Leo Kelly: I say to my clients: This is going to be a household name.

HighTower wins a $700 million Merrill Lynch advisor in Maryland horse country and wrests an LA-based IAR from an RIA
The Chicago consolidator's transitions teams had a brutally busy Presidents' weekend bringing aboard teams on both coasts simultaneously, from Merrill and The Presidio Group

Thursday 2.23.12
Chip Roame: They can offer a traditional payout of 40% or so and pay for personnel, rent, technolog or they can pay a higher payout.

Wirehouses will create their own independent models, Tiburon report says
WIll 2012 be the year that wirehouse 'halfway houses' catch fire?

Thursday 1.19.12
David Darnell spent time today letting Merrill Lynch brokers know that he's a banker sympathetic to generous brokerage compensation.

David Darnell tells Merrill Lynch advisors he won't mess with their pay
But recruiters say all comp factors don't necessarily show up on the official payout grid

Thursday 9.8.11
Margaret Towle: I'm really excited about the partnership structure.

Former Northern Trust CIO brings a cool billion and lofty credentials to HighTower
The RIA-to-RIA spin-away advisor will hold down offices in Seattle and Minneapolis and build support teams from scratch

Monday 8.22.11

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