Hightower, the Chicago-based stakeholder in several wealth management firms, has made an investment in Altium Wealth Management, a Purchase, New York-based registered investment adviser managing $2.7 billion.
The specifics of Hightower's investment were not disclosed.
Altium specializes in low-cost, tax-efficient investing and offers a proprietary direct indexing tool which will be made available to Hightower advisers.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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