People Moves
HighTower Signs Washington RIA To Partnership
HighTower has recruited the 43rd team to its partnership, signing Larry Knudsen and Dan Stober, whose old firm Triad Wealth Stewardship has become HighTower Bellevue.
HighTower has recruited the 43rd team to its partnership, signing Larry Knudsen and Dan Stober, whose old firm Triad Wealth Stewardship has become HighTower Bellevue.
The team currently has $400 million in assets under management for individual and institutional clients.
Triad Wealth Stewardship was formed in 2007 in Bellevue, WA, offering family wealth stewardship services as well as traditional financial planning and portfolio management to high net worth clients.
Explaining the team’s switch to the HighTower platform, its national director of enterprise development, Michael Parker, said that many RIAs today are "challenged by the rapid pace of technological advancements and the burden of regulatory compliance which squeeze operating margins.”
Prior to founding Triad Wealth Stewardship, Knudsen ran Financial Security Group which later merged with CPA firm Moss Adams. Stober joined Knudsen at FSG after six years at Smith Barney, and following the FSG merger he launched Covault Wealth Advisors, which then merged with Triad Wealth Stewardship.
A fortnight ago, HighTower entered into a traditional bank debt facility with BMO Harris Bank and PNC Bank in a move to continue growing its partnership, network and alliance channels.
Click here for a recent interview with HighTower's CEO on the "breakaway" trend.
