Chicago-based Hightower Advisors will take an equity stake in Osborn Williams & Donohoe, a registered investment adviser managing $1.4 billion. The transaction, for an undisclosed amount, is scheduled to close in the third quarter.
Osborn Williams & Donohoe, based in Cincinnati, was founded in 2012 and has 15 employees, including five advisers.
After this transaction, Hightower will have interests in 107 advisory businesses in 34 states, the company said in a release.
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