HighTower Holding, the parent company of HighTower Advisors, took a step closer towards significantly boosting its RIA portfolio, announcing its "intention" to acquire WealthTrust, a Houston-based RIA aggregator, with over $6 billion in client assets.

If completed, the deal would be the largest RIA M&A transaction of the year. It also would vault the company into the top ranks of M&A players.

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