HighTower, a financial advisory firm serving high-net-worth clients, has selected Fidelity Investments as the primary custodian for its news $500 million boutique, The Strata Wealth Management Group at HighTower.

Fidelity said it is continuing to support breakaway brokers, having aided 191 broker teams in 2009, an increase of 63% from 2008. Since 2005, Fidelity has helped nearly 600 broker teams transition to independence, whether starting an RIA or joining an independent broker/dealer of Fidelity subsidiary National Financial.

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