HighTower gives itself 2 year window to decide to go public

April 22, 2015 9:48 PM

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NEW YORK, April 21 (Reuters) - Independent wealth management firm HighTower Advisors LLC is profitable, stable and will decide in the next two years whether to go public, Chief Executive Officer Elliot Weissbluth said.

Founded eight years ago amid the financial crisis, HighTower was one of the first firms to succeed in recruiting top advisers away from Wall Street icons such as Morgan Stanley and Merrill Lynch by offering greater independence and, often, equity.

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