HighTower growth strategy shows no fear of buying high
Mindy Diamond Quoted
By Jeff Benjamin
Chicago-based HighTower continues to live up to its reputation as a hungry acquirer of larger registered investment advisers.
In the latest example of its private-equity-backed growth strategy, HighTower announced the acquisition of Schultz Collins, a $1 billion advisory group with offices in San Francisco, Washington and Towson, Md.
“This is HighTower 2.0 under Bob Oros and [private-equity firm] Thomas H. Lee,” said Mindy Diamond, president of the recruiting firm Diamond Consultants.
“This is exactly the kind of strategy I think you’re going to see a lot more of at HighTower,” Ms. Diamond said. “It’s about being acquisitive as a strategic partner and as a capital partner.”