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Hightower takes stake in Florida RIA

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The Chicago-based RIA is buying an undisclosed interest in Punta Gorda-based Landsberg Bennett, which manages $1 billion.

Hightower Advisors, a Chicago-based registered investment adviser whose collection of firms manage $101 billion, has taken an undisclosed stake in Landsberg Bennett Private Wealth Management, an RIA managing $1 billion in Punta Gorda, Florida.

Founded in 2012, Landsberg Bennett is led by principals Michael Landsberg, Lew Bennett and Anthony Dubbaneh. Its 14 employees include five advisers.

[More: Hightower takes stake in Colorado RIA]

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