Chicago-based Hightower Advisors will take an equity stake in Osborn Williams & Donohoe, a registered investment adviser managing $1.4 billion. The transaction, for an undisclosed amount, is scheduled to close in the third quarter.
Osborn Williams & Donohoe, based in Cincinnati, was founded in 2012 and has 15 employees, including five advisers.
After this transaction, Hightower will have interests in 107 advisory businesses in 34 states, the company said in a release.
A Texas-based bank selects Raymond James for a $605 million program, while an OSJ with Osaic lures a storied institution in Ohio from LPL.
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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.
