People Moves

Former Morgan Stanley Senior VP Joins HighTower In US With $225 Million.

Eliane Chavagnon, Editor Americas, 3 February 2015


HighTower has added to its team in Virginia with a wealth manager who brought over $225 million in client money.

HighTower has appointed Patricia Pick within VWG Wealth Management in Vienna, Virginia, adding $225 million in client assets and boosting VWG total assets under advisement to some $1.2 billion.

Pick has over three decades of experience in wealth management, most recently as senior vice president at Morgan Stanley.

She joins HighTower as a partner and managing director alongside senior private wealth associate Rashmi Chahil, who was previously her colleague at Morgan Stanley.

Meanwhile, last week HighTower announced an increase in the $100 million revolving credit facility obtained last summer to $150 million. The facility now provides HighTower access to up to $150 million in financing from original lenders BMO Harris Bank and PNC Bank, who are now joined by SunTrust Bank.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes