Adviser-Owned, National Investment Advisory Firm Launches

HighTower says it is the first adviser-owned, nationally branded, fiduciary financial services firm dedicated to serving high net worth investors.

The company’s advisers are experienced investment professionals with large, established practices serving high net worth clients and offering fee-based advice, according to a press release.

Led by CEO Elliot S. Weissbluth, the firm is headquartered in Chicago and has corporate offices in New York and San Francisco. HighTower has several adviser locations around the country, with more advisory teams scheduled to join in early 2009.

“The current environment has created unprecedented opportunity for wirehouse brokers looking for alternatives to big brokerage firms. HighTower has established a safe, stable and client driven firm that provides virtually all of the services that a large wirehouse firm has historically provided with none of the conflicts,” Doug Brown, former Vice Chairman of Morgan Stanley and CEO of DLB Capital, a capital investor and HighTower Director, said, in the release.

HighTower’s capital partners include M.D. Sass – Macquarie Financial Strategies Fund, Franklin Mutual Advisers and Envestnet, among others, the company said.

More information is available at