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The 'fundamental change' RIAs need: Lightning Round with HighTower's Weissbluth

Industry trailblazer Elliot Weissbluth co-founded HighTower Advisors in 2008 and pioneered recruiting and aggregating big-ticket wirehouse advisors into the independent space. As the RIA expanded, Weissbluth added outsourcing platform services and began acquiring other independent advisory firms.

Earlier this year HighTower received a $100 million capital investment from the private equity firm Thomas H. Lee Partners and is aiming to become a nationally recognized brand.

Weissbluth is also known for being a straight-shooter. For Financial Planning’s Lightning Round, filmed on the sidelines of the TD Ameritrade 2018 National LINC conference, he fielded rapid-fire questions on subjects ranging from Amazon's interest in financial services to the SEC, tech, millennials and private equity as well as what's ahead for the industry — and HighTower.