Wealth manager HighTower Advisors is on the block

HighTower Advisors, wealth management, private equity, merger, M&A
Piggy Bank and Businessman. Image courtesy of StockFinland/E+/Getty Images
  • HighTower in April agreed to buy WealthTrust from Lee Equity
  • HighTower had $30.2 bln in assets as of March 30
  • HighTower auction geared toward PE
HighTower Advisors, an independent wealth management firm, is up for sale, three sources said. JP Morgan is advising on the process, one of the sources said. HighTower, a registered investment adviser, provides management services to wealthy individuals, endowments and foundations. ...

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