Hightower, the Chicago-based registered investment adviser that invests in other RIA firms, has taken a stake in Private Vista, an RIA with offices in Chicago and Oak Brook, Illinois, that manages $1.5 billion.
Details of the arrangement were not disclosed.
Private Vista was established in 2016 with the merger of two advisory businesses. It currently has 34 employees, including 20 advisers.
Only 7% of U.S. parents are "very confident" they understand how the Trump accounts work, says Omni Calculator
One transfer alone came to $5.6m, and the receiver says none of it was real profit.
Investors chose which factory to fund - the SEC says the money went elsewhere.
Ameriprise and LPL Financial for the past few years have engaged in a financial advice trade war.
Why advisors at every stage may have more leverage, flexibility, and strategic options than they realize.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
