Chicago-based registered investment adviser Hightower has acquired Highland Private Wealth Management, a $1.2 billion wealth management firm in Bellevue, Washington.
Terms of the transaction were not disclosed.
Highland, which was founded in 1999, focuses on high-net-worth individuals and families. It has 18 employees, including five advisers, led by its CEO and founder, John Christianson.
The 25-year industry veteran previously in charge of the Wall Street bank's advisor recruitment efforts is now fulfilling a similar role at a rival firm.
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