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.
A drop in interest rates and easier access to capital has reignited appetite among private equity-backed consolidators, who accounted for 53% of RIA deals so far this year- their highest share since 2021 according to DeVoe & Company.
Also, Advisor CRM announces a new data integration partnership to ease the pain of client onboarding.
Meanwhile, Merrill Lynch intends to continue building its alternative investment platform for wealthy clients.
The co-founder of IFG discussed with InvestmentNews the unique opportunity that remaining independent offers to build a successful firm.
Three industry leaders will join the hybrid RIA's president and LPL alum, Andy Kalbaugh, to help guide its organic and merger-based growth strategy.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.