Lawsuit against Scott Holsopple and Hightower says he took vital proprietary data when he joined the firm as “chief growth officer,” a recruiting position similar to his role at Focus Financial.
The Chicago-based firm has pivoted from recruiting brokers to growth through RIA acquisition and scaling its smaller advisory practices.
HighTower now manages back-office arrangements for Egan’s Madison, New Jersey, office while he spends more time recruiting clients and works out with a personal trainer.
Chicago-based firm under new boss Bob Oros to make its fourth “strategic investment” this year.
HighTower, which has shifted from buying firms and hiring brokers outright, has made a “significant equity investment” in Lexington Wealth Management in Massachusetts.
Firm under new private equity ownership has shifted from recruiting wirehouse brokers to owning small advisory practices.
Fueled by its private equity recapitalization, the Chicago-based aggregator of RIA firms inks its biggest single-office deal since its founding.
James Pupillo, who joined the “rollup” in 2012 from Morgan Stanley’s “institutional” Graystone unit, sets up independent RIA on even of HighTower’s transition to new owner.