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Hightower Takes Stake In Northwestern Firm

Editorial Staff May 10, 2023

Hightower Takes Stake In Northwestern Firm

The deal is an example of the inorganic growth strategy that applies to part of Hightower's business.

Hightower has made a strategic investment in TEN Capital Wealth Advisors, a $1 billion firm with offices in Spokane and Seattle, Washington.

The size of the investment stake was not disclosed.

TEN Capital was advised on this partnership by the law firm Alston & Bird and consultant Brett Zaniewski.

Tim Mitrovich founded TEN Capital in 2012 – the name "TEN Capital" is a nod to his grandfather's football jersey number and honors his legacy of service. 

Besides its support for such investment stakes, Chicago-based Hightower’s business reach includes 131 advisory business in 34 states and the District of Columbia. As of March 31, 2023, Hightower's assets under administration were about $148.2 billion, and assets under management were $119.9 billion, an increase from $113.7 billion as of December 31, 2022.

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