HighTower Network adds $300 million Merrill team

Two Merrill Lynch advisers with a combined $300 million in assets under management go independent as a HighTower franchise

May 27, 2014 @ 10:52 am

By Mason Braswell

HighTower Advisors has snapped up a former Bank of America Merrill Lynch duo who previously managed about $300 million in client assets.

Veteran advisers Jason Ezzell and Alec Fisher joined as a HighTower franchise in Roseville, Calif. They will operate as The Ezzell Group and receive technology, compliance and operational support in exchange for providing HighTower with a share of revenue.

More: Will HighTower be the next Raymond James?

The Ezzell Group is the fourth team to join the HighTower Network Advisors franchise model since it launched a year ago. Earlier this year, the firm added a $600 million Morgan Stanley & Co. team in Columbus, Ohio.

HighTower chief executive Elliott Weissbluth has said that HighTower's strategy is shifting away from trying to build up its partnership platform, which offers advisers upfront money and equity stake in the firm, to focus more on its franchisee network model and its fee-for-service platform, HighTower Alliance.


What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video


Top questions surrounding future of DOL fiduciary rule

Reporter Greg Iacurci and managing editor Christina Nelson discuss the biggest uncertainties springing from the Fifth Circuit Court of Appeals' decision to vacate the regulation.

Latest news & opinion

SEC forging ahead on fiduciary rule despite DOL rule decision in 5th Circuit

Chairman Jay Clayton says 'the sooner the better' when asked when an SEC fiduciary rule will be ready.

What the next market downturn means for small RIAs

Firms that have enjoyed AUM growth because of the runup in stocks may find it hard to adjust to declining revenues if the market suffers a major correction.

DOL fiduciary rule likely to live on despite appeals court loss

Future developments will hinge on whether the Labor Department continues the fight to remake the regulation its own way.

DOL fiduciary rule: Industry reacts to Fifth Circuit ruling

Groups on both sides of the fiduciary debate had plenty to say.

Fifth Circuit Court of Appeals vacates DOL fiduciary rule

In split decision, judges say agency exceeded authority.


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print