Hightower, the Chicago-based registered investment adviser that invests in other RIA firms, has taken a stake in Private Vista, an RIA with offices in Chicago and Oak Brook, Illinois, that manages $1.5 billion.
Details of the arrangement were not disclosed.
Private Vista was established in 2016 with the merger of two advisory businesses. It currently has 34 employees, including 20 advisers.
Also, Nitrogen has added Indivisible Partners to its integration network, while Wealthtender unveiled an AI-focused update to help boost advisors' online presence.
The giant hybrid RIA's latest East Coast move adds $175 million in recruited assets as it looks to offset broader advisor attrition.
Regulator is asking for feedback on how this might work.
President says he has a ‘couple of people in mind’ for central bank role.
Wall Street firm partners with Dutch online broker to fuel push into EU market.
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.
