Hightower Adds Adviser Team, Expands Services

Pamela Rosenau, previously a portfolio manager at UBS, brings more than 25 years of industry experience, with a focus on strategic and tactical asset allocation, HighTower said. Dennis Paul, her partner, brings a decade of industry experience and an extensive background in fixed-income portfolio management strategies.

HighTower launched in December 2008, calling itself the first adviser-owned nationally branded, fiduciary financial services firm dedicated to serving high-net-worth investors (see “Adviser-Owned, National Investment Advisory Firm Launches”).

HighTower also announced the expansion of its capital markets, prime brokerage execution and research services to better support advisers acting as portfolio managers and traditional wealth managers. Michael LaMena, COO of HighTower, said the firm is committed to delivering the breadth of capabilities that advisers at major wirehouse firms are accustomed to, but in an Open Source model that provides “greater autonomy and better serves end-client investors.”

As part of the expansion, HighTower said it has deepened its capabilities through relationships with several research providers. The firm said HOST, its multi-clearing and multi-custodial platform, delivers additional tools and resources needed for serving investors with highly personalized portfolio management.