Registered investment adviser with $300M in assets joins HighTower

J.M. Egan Wealth Advisors, a registered investment adviser with about $300 million in assets under management, has joined HighTower. Managing director John Egan's team will be known as The Egan Group at HighTower, and will move into HighTower's New York headquarters while maintaining their existing offices in Madison and Sea Girt, N.J., according to a press statement released Tuesday. This is the third time this month that HighTower has added teams of advisers managing assets worth around $300 million or more. The other teams were Archer Wealth Management and LRG Wealth Advisors. "We built HighTower for elite advisers who are deeply passionate about making a difference in their clients' lives," Elliot Weissbluth, chief executive officer of HighTower, said in the statement. "John started his business more than 25 years ago to do just that, and we proudly welcome him to our growing community." Mr. Egan's team provides tax, estate and legacy planning, and its clients include professionals in the medical, legal and telecommunications industries, as well as closely held family businesses, according to the release. "The families and individuals we serve will benefit significantly from HighTower's collective wisdom, and the support from a larger organization will help enable our team's future growth," said Mr. Egan.