Hightower has received approval from the Office of the Comptroller of the Currency for a trust operation, to be known as Hightower National Trust Co.
Based in Houston, with offices in Chicago and Delaware, the trust company is intended to provide personal trust investment management, custody and safekeeping services for Hightower’s high-net-worth and ultra-high-net-worth clients. Other offices are planned for Nevada and South Dakota.
The launch of the trust company is part of Hightower's broader strategy of offering its advisory businesses streamlined access to institutional-class family office services and expertise for their affluent clients.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
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Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
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