Chicago-based HighTower, a financial advisory company, said recently RDM Financial Group Inc., a Westport-based investment adviser with $700 million under management, will become a partner of HighTower.
The move will also mean a third office for RDM.
“Ron Weiner’s contributions to the industry and passionate advocacy for his clients are truly remarkable,” said HighTower founder and CEO Elliot Weissbluth. “When a highly distinguished independent adviser who has run his own firm for many years decides to become a partner with us, it is a powerful validation of our platform, our brand and our financial strength.”
“After 35 years in the industry and 26 running RDM Financial Group, I recognized the need for access to world-class resources, scale and a greater variety of solutions for my clients’ needs,” said Weiner, CEO, RDM Financial Group. “Years of due diligence revealed that the HighTower platform is the ideal destination for me and my clients.”
Weiner, who has been featured 12 times on Barron’s lists of the top financial advisers, will maintain his 15-person team at the firm’s Westport and Boca Raton, Fla., locations. To better serve his New York area clientele, he will add a New York location for RDM within the 80-person office in HighTower’s second headquarters in New York.
The partnership was reported on the web via the PR Newswire website, citing HighTower as the source.
In the statement, HighTower said that by a proprietary technology and investment platform, it “embraces bold change to create a culture of collaboration and growth and to meet the evolving needs of sophisticated investors.”
