An advisor who saw approximately $200 million at HighTower left the firm to join Verdence Capital Advisors, an RIA that broke away from HighTower last month, a spokesman says.
Although HighTower has suffered from a few recent departures ― including another team that managed about $1 billion and also left last month ― the firm has pulled in several large breakaway teams and RIA acquisitions. The Chicago-based firm started the year by recruiting a $1 billion Wells Fargo team.
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