Hightower, the Chicago-based stakeholder in several wealth management firms, has made an investment in Altium Wealth Management, a Purchase, New York-based registered investment adviser managing $2.7 billion.
The specifics of Hightower's investment were not disclosed.
Altium specializes in low-cost, tax-efficient investing and offers a proprietary direct indexing tool which will be made available to Hightower advisers.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
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