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.
The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.
The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.
The high court's decision rebuffing Alpine Securities marks a setback for a broader challenge to Wall Street's reliance on self-regulatory organizations.
Arax acquires a boutique firm's $4 billion RIA business in Michigan as Steward Partners continues its Southwestern expansion.
Wealth management is a key focus for a new service tier.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
