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Deals & People July 11, 2011
HighTower Expands With Virginia-Based Addition
HighTower, a national financial services company serving high net worth and institutional clients, has acquired VWG Wealth Management, located in Vienna, Virginia.
Reported by Nicole Bliman
“VWG Wealth Management has more than 45 years of experience and knowledge working closely with high-net-worth clients to help them meet their financial goals at every stage,” said Mike Papedis, HighTower’s Managing Director of Business Development. “The group will be an excellent addition to HighTower’s prestigious partnership of elite advisers.”
VWG Wealth Management is led by John Verfurth, Richard Weeks, and Jeff Grinspoon, who will be serving as Managing Directors and Partners at HighTower. The three partners were included in the Winner’s Circle of Top Advisors in the state of Virginia for three consecutive years (2006-2008), which was published in the Virginia Business magazine.
Verfurth has 16 years experience in the financial services industry, all of them at Morgan Stanley Smith Barney. Weeks has 17 years of financial service experience, beginning his career with Legg Mason in 1994 before joining Morgan Stanley Smith Barney in 2001. Grinspoon spent three years at Legg Mason before also joining Morgan Stanley Smith Barney in 2001.