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HighTower adds TC Wealth Management

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TC Wealth Management has joined the HighTower Partnership. The new team oversees USD550 million in client assets and is based in New York City. 

TC Wealth Management marks the first team of 2015 for HighTower, which completed a total of 13 transitions in 2014 and is on track to exceed that number this year.

"TC Wealth Management joins an elite and growing group of financial advisors delivering world-class service and solutions to discerning clients on one of the industry's most sophisticated platforms," says Michael Parker, HighTower's National Director of Enterprise Development. "New teams gain immediate access to resources including our proprietary Blueprint for Growth benchmarking study, which leverages data and insights from our top-performing teams to facilitate business growth."

J Emmett Towey and J Michael Cantore III join HighTower as Partners and Managing Directors. Most recently, they ran a successful team at UBS: Towey was a Senior Vice President of Investments and Corporate Stock Benefit Consultant and Cantore served as Senior Vice President of Investments, Portfolio Manager and Corporate Stock Benefit Consultant. The team also includes Director Michael G. Tobin and Operations Director Jennifer Doran from the Towey Cantore Group at UBS Wealth Management.

"Joining HighTower gives us the flexibility to deliver even more sophisticated advice and higher quality investments to meet our clients' needs," says Towey. "The combination of freedom and access is extraordinarily compelling to our team and our clients."

Prior to joining UBS, Towey worked at Morgan Stanley and Citigroup Smith Barney. He has more than 20 years of experience in the industry and specialises in assisting high-net-worth individuals and corporate executives with their comprehensive wealth management needs. Cantore began his career at Citigroup Smith Barney, where he and Towey formed the Towey Cantore team before joining UBS in 2007.

"Our clients' best interests come first, period," says Cantore. "When we assessed the future of our team and the optimal environment to grow our business – and compete by delivering superior investment solutions to our clients – there was really only one choice. HighTower's genuine dedication to clients and its unique open source platform proved a perfect fit for our next chapter."

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