Flight risk: The X factor in a HighTower M&A deal?

October 10, 2017
Mindy Diamond Quoted
By Charles Paikert

Whoever buys HighTower Advisors, the closely watched RIA juggernaut widely regarded by industry insiders to be for sale, had better be prepared to pay up to encourage the firms’ nearly 200 advisors to stick around.

What’s more, many HighTower advisors appear to be satisfied with the firm, says recruiter Mindy Diamond.

“We’ve placed a number of HighTower advisors and haven’t had any complaints,” Diamond says. “A new owner may be well served to continue the firm’s ongoing business model.”

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