The principals of Anderson & Delutri – Hugh Anderson and Sheila Delutri – each spent over 30 years at Merrill Lynch prior to joining HighTower. They manage $450 million in assets.

The principals of MNA Group – Mike PeQueen, Ned Evans and Adam Thurgood – have a combined 60 years of experience in the financial services industry. They joined Merrill Lynch in 2002 following a stint at Prudential Securities. The team manages $340 million in assets and primarily serves clients with between $2 and $5 million in investable assets.

Anderson & Delutri and MNA are the ninth and tenth teams to join HighTower so far this year, and bring the total number of teams joining since the firm's inception to 35. 

In a related move, at the end of August the firm took on the Dillig Bowen Group duo - managing approximately $1 billion for ultra high net worth families - from Credit Suisse. Matt Dillig and Ted Bowen joined as partners and managing directors and operate from the firm's Chicago, IL, headquarters.

HighTower is an advisor-owned firm that specialises in HNW and institutional clients, with headquarters in Chicago and corporate bases in New York and San Francisco.