Hightower Invests in Capital Management Group


January 31, 2024

On January 9, 2024, Hightower Advisors, LLC announced an investment in Capital Management Group of New York.

Hightower Advisors, LLC (“Hightower”) has acquired a stake in Capital Management Group of New York (“CMG”). Further terms of the deal were not disclosed.

Hightower, based in Chicago, is a wealth management firm that provides investment, financial and retirement planning services to individuals and institutional investors. As of September 2023, Hightower had approximately $131 billion in assets under management.

CMG, based in New York City, is a hybrid registered investment adviser and wealth management firm providing financial planning and investment management services. CMG manages $3.3 billion in client assets.

To read the press release: please click here.

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