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US's HighTower Nabs Team Of Advisors On East, West Coasts
Harriet Davies
23 February 2012
HighTower
is bringing in new advisors on both coasts, managing a total of over $1
billion in client assets, and launching offices in Baltimore, MD and
Los Angeles, CA. In Baltimore, Leo Kelly and Brian Grumbach, formerly of Merrill Lynch
Wealth Management, join the firm as managing directors and partners.
The team currently manages $700 million in client assets and is charged
with leading HighTower’s expansion in this new market, the firm said. Meanwhile, James Hausberg will head up expansionary efforts in the
Los Angeles area, having joined the firm as a partner and managing
director from The Presidio Group. Hausberg manages $400 million of
client assets. Hausberg joined Presidio in 2005, having held wealth advisory positions at Credit Suisse and Bear Stearns before that. In January HighTower marked its expansion in the Phoenix, AZ market
by hiring a trio to be based in a new office there. The appointments
were of James Pupillo, a former institutional and family wealth director
of Graystone Consulting at Morgan Stanley Smith Barney, and Brian Hein
and David Brasfield. HighTower is an advisor-owned firm that specializes in high net worth
and institutional clients, with headquarters in Chicago and corporate
bases in New York and San Francisco.