Prestige Group, a specialist private lending asset manager with a successful 12- year track record in the private debt market, is adding a new US strategy to its existing range of successful alternative credit funds.
Hightower Sees New Opportunity in IBD-Affiliated Firms Hightower has already made two acquisitions of firms sitting at independent broker/dealers, and CEO Bob Oros expects it to be an area of growth for the firm going forward.
While Chicago-headquartered Hightower’s core strategy continues to be acquiring standalone registered investment advisors, the firm has recently made a foray into the independent broker/dealer channel, and CEO Bob Oros expects it to be a complementary area of growth for the firm going forward. The move would certainly expand the universe of potential acquisitions.
Just this week, Hightower announced it was taking a stake in Siller & Cohen Family Wealth Advisors, a Rye Brook, N.Y.-based hybrid RIA with $830 million in client assets, which was previously affiliated with Lincoln Financial Advisors. In October, the firm made an investment in Austin-based Hart Financial Group, a hybrid firm previously affiliated with MML Investors Services, MassMutual’