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.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
