HighTower still hot, snags $1B team

Dillig Group exits Credit Suisse; eighth recruiting win for HighTower this year
SEP 04, 2012
By  DJAMIESON
HighTower Advisors LLC has landed a team from Credit Suisse with $1 billion in assets. Matt Dillig and Ted Bowen, principals of the Dillig Group, joined HighTower on Friday. They will work out of Hightower's Chicago headquarters, the company said in a release today. Mr. Dillig, 36, a 12-year industry veteran, and Mr. Bowen, 48, who's been in the industry 10 years, have been with Credit Suisse Securities LLC since 2008. Before that, the pair worked at Merrill Lynch & Co. Inc. The Dillig team also includes four support staff members. "I think it was the team just deciding that being independent was a better option for our team and clients," Mr. Dillig said. "We … expect to have good relationships with our former firm going forward," he added. Mr. Dillig's team handles only about 30 wealthy families, which he describes as owners of companies and general partners of private-equity and hedge funds. The sophistication of his clientele "spurs an interesting dialogue," he noted. Mr. Dillig was ranked this year as the No. 16 best adviser in Illinois by Barron's. The Dillig group is the eighth new adviser team to join HighTower this year, and the 33rd team to affiliate with HighTower since its inception in 2008, the company said. David Walker, a spokesman for Credit Suisse, declined to comment.

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.