HighTower has recruited the Chicago-based Dillig Bowen Group, a $1 billion advisor team from Credit Suisse.
The Dillig Group's principals, Matt Dillig and Ted Bowen, who have 22 years of combined experience in financial services, will work out of HighTower's headquarters in Chicago as partners and managing directors. It is the eighth new advisor team to join HighTower this year.
"Our clients are sophisticated investors who value choice," Dillig said. "Through their cutting-edge platform, HighTower has leveraged the competitive power of Wall Street to provide our clients with the full universe of investment products to meet their high standards," states Dillig.
Dillig and Bowen manage about $1 billion for ultra-high-net-worth families. Dillig was named one of the Top 1,000 Advisors by Barron's in 2012 and 2011, and named 19th in the Illinois Top 50 Advisor rankings by Barron's in 2012.
Dillig and Bowen had worked for Credit Suisse since 2008. Prior to that, they were part of Merrill Lynch Private Banking and Investment Group.
HighTower is a national, advisor-owned financial services company serving high-net-worth and institutional clients. "Matt and Ted are exactly the type of dynamic, innovative advisors who realize that HighTower is the only firm that can provide their clients the highest-caliber independent advice to meet their financial goals," said Mike Papedis, executive vice president of business development at HighTower.
-Kathy Lynch