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HighTower Launches Re-Named Team As Expansion Rolls On
The US network has launched the renamed business, HighTower Buffalo.
HighTower, the US wealth advisor group, has launched HighTower Buffalo, a team previously known as National Wealth Management at Wells Fargo, overseeing $175 million in assets.
The firm’s co-founders Thomas Volpini and Derek Bock will lead the HighTower Buffalo team as senior managing director, private wealth advisor and managing director, private wealth advisor, respectively, HighTower said in a statement yesterday.
Prior to co-founding National Wealth Management in 2003, Volpini was a vice president and senior financial advisor at Fleet Bank. Bock has 16 years of experience in the financial services industry.
The latest acquisition comes hot on the heels of HighTower’s announcement of securing a credit facility (see that story on Family Wealth Report) to help pay for its intended acquisition of WealthTrust, which includes $6.4 billion of assets. That deal will take HighTower’s total AuM to almost $46 billion. In 2016, HighTower brought in 14 new teams and tuck-ins representing approximately $4 billion in AuM, and expanded into 6 new states throughout the US.
