Hightower, a Chicago-based hybrid that takes stakes in other wealth management firms, has made an undisclosed investment in Investment Security Group, a Denver-based registered investment adviser that manages $800 million.
Founded in 1992, Investment Security Group’s principals are Mitch Powers, its chief executive; Barbara Krause, its chief financial officer; Marc Friedman, chief compliance officer; and Odette Sahakian, chief marketing officer. It has ten employees, including six 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
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
