RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

Articles tagged "Mike Papedis"


Headline

Publish date


Dan Cronin: We’ve only been in these roles for a few months and the word has gotten out to wirehouses.

TruClarity -- a 'Dynasty-lite' -come-lately with a Y Combinator-type twist -- hires Dan Cronin and fellow Fidelity alum Shad Besikof to show its true growth intentions

Backed by a Tampa family office that's served as 'incubator' to local firms for 30 years, the slow-starting outsourcer with nearly $1 billion in RIA assets is gearing up to compete with Dynasty and HighTower

September 28, 2017 at 8:07 PM

Leo Kelly: As HighTower grows, it has an agenda and a business strategy of its own and we have an agenda and a business strategy of our own

HighTower loses two teams comprising 33 people and $3 billion of assets over July 4th weekend, declines comment, then issues a 'smashing' press release

The teams, led by Leo Kelly in Maryland and Joel Guth in Ohio, say the Chicago roll-up 'has its own agenda' but that it served as a good stepping stone to becoming fully independent RIAs

July 7, 2017 at 9:16 PM

Jeffrey Friedstein gets a summer break just when he didn't want one.

A Goldman Sachs team attempts breakaway with a client as stakeholder in new RIA and suffers the consequences

Grey Street Capital will have to wait until August to solicit former clients -- at the very least

June 22, 2017 at 9:21 PM

Mike Papedis: I am not interested in working for another firm as employee.

HighTower parts ways with -- and doesn't replace -- the dealmaker who has 'worked on more breakaway transactions ... than anyone in the industry'

Elliot Weissbluth's gun-slinging No. 2, Mike Papedis, moves on after HighTower's assets declined, deals waned and the once-loud company took on an indoor voice

March 21, 2017 at 9:53 PM

Elliot Weissbluth: These are not simple lift-outs.

Elliot Weissbluth pooh-poohs the idea that HighTower faces channel conflict as 'stupid and uninformed'

The roll-up has added franchise- and outsource-type channels in the wake of a capital raise that failed to materialize

March 14, 2014 at 5:59 AM

Mike Papedis: We are not engaged in responding to gossip and we are sticking to our business strategy.

Top recruiter Kevin Geary exits HighTower

The departure of the acclaimed Schwab veteran is a palpable sign for some that the roll-up is going in a new direction

January 27, 2014 at 6:27 PM

Laurie Kamhi: Being a partner and having a say in future development is important to me.

HighTower shifts into high gear with a three-team, $1.2 billion AUM in-three-weeks spree

An alpha predator in 2010, 2011, the Chicago-based rollup, now with with 260 employees, roars again, twice at Merrill Lynch and once at UBS

December 2, 2013 at 6:19 PM

Mike Papedis: For reasons unknown, it hasn't translated to movements.

Deal-making momentum is AWOL 'for reasons unknown,' but HighTower Advisors wins an outsource deal with a fresh $500 million Morgan Stanley breakaway

This deal looks pretty normal, but the Alabama sign-on looks like a pioneer in this eerily quiet market

September 18, 2013 at 3:32 AM

Roger Shaffer: At first, I was looking for an option that didn't exist.

Why Roger Shaffer happily agreed to become a 'HighTower' advisor without getting paid for his practice

After two decades at Merrill and then SunTrust, the Atlanta advisor finally found the right admixture of autonomy, open architecture and paternal assurance

June 4, 2013 at 5:06 PM

Paul Pagnato: They love to block off a day, off-site, out of their business, out of their home, no distractions.

$2-billion HighTower practice hosts UHNW event relating to financial -- and personal -- security

When to tell kids how rich they are and how to unmask sketchy construction workers are two topics covered

April 11, 2013 at 4:36 PM

Aite Group's Alois Pirker (center) moderated a conversation on the joys of independence -- and interdependence

Fidelity goes to the Wall Street Ritz-Carlton with five partner firms and preaches going independent more dependently

The takeaway at this hybrid mini-summit: Yes you can -- but probably not without some serious backup

March 4, 2013 at 6:32 PM

Mike Papedis: Partnership is not for all advisors.

It won't be long before HighTower's fee-for-service channel revenues draw even with its partner firm revenues

Chicago aggregator is in talks with 50 firms about signing up with the newly unveiled Network and Alliance options

March 4, 2013 at 4:50 AM

Mindy Diamond: You can imagine the size of transition packages that he was offered and turned down.

HighTower grabs sought-after $650 million Merrill Lynch 'life sciences' team and shrugs off recent deal slowdown

In the old money town of Philadelphia, the strategic buyer is 'planting a flag' and going after new wealth created in the biotech realm

February 20, 2013 at 5:58 PM

Mike Papedis: It shouldn't be surprising that high-caliber advisors have a following, too.

After a five-month deal-making hiatus, HighTower adds a couple of advisors and hints at a busy 2013

The serial buyer nabs a combined $400-million of tuck-ins-as-partners after a deliberate breath-catching and a financing no-go

January 14, 2013 at 8:41 PM

Sheila Delutri: I didn't participate in the women's lawsuit [against Merrill Lynch].

Merrill Lynch comes up snake eyes as HighTower rakes two Sin City teams off the table on the same weekend

With about $800 million in assets combined, the teams were bone-loyal to Mother Merrill for decades before everything changed in 2008 -- and kept changing

September 14, 2012 at 3:54 AM

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

Add Your Listing

RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings


Common Tags


Recent Articles


Popular Writers


RIABiz logo

RIABiz

About Us

Directory

Archives

Connect

RIABiz, Mill Valley, California
Copyright © 2009-2022 RIABiz Inc. All rights reserved.