Industry

An unexpected revelation inspired Elliot Weissbluth to launch HighTower Advisors.

Sometimes a planner's advice can go awry, despite best intentions.

The firm is finding success despite being outside the Broker Protocol.

The client relationship manager is now on a leave of absence, according to Merrill.

The cuts are said to range across several businesses in the group.

Retired former CEO Mike Sherzan ran unsuccessfully for Congress in 2016, and he became chairman of the board prior to the deal.

The Biltmore Capital fund was dissolved at an almost total loss, but not before Caleb Overton raised $2.2 million from 10 investors.

The founding partners spent a combined 54 years with the No. 6 IBD before launching the fee-only firm.

The former MetLife advisors had affiliated with three different IBDs over four years amid the increasing consolidation in the space.

The advisors decided to join the firm following a meeting with Raymond James' leadership in St. Petersburg.