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MSSB Advisor Trio Join HighTower

Vanessa Doctor July 12, 2011

MSSB Advisor Trio Join HighTower

HighTower has brought in a new advisor team to expand its high net worth business in Virginia.

VWG Wealth Management is led by John Verfurth, Richard Weeks, and Jeff Grinspoon, who will all be serving as managing directors and partners at HighTower. VWG is a Washington, Virginia-based group with around $600 million in assets under management; its clients usually have between $1 million and $10 million in investible assets. 

All three were latterly at Morgan Stanley Smith Barney. Verfurth spent all of his 16 years in the financial services industry at MSSB, while both Weeks and Grinspoon joined the brokerage giant in 2001 from Legg Mason.

HighTower, an advisor-owned firm which primarily serves HNW clients, has around 24 advisor teams across the US, according to its website. The Chicago-based firm typically targets teams with at least $300 million in AUM.

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