American wealth manager HighTower has added Envestnet Retirement Solutions (ERS) to its technology platform.
The integration will allow HighTower advisers to expand client relationships through ERS’s integrated practice management and fiduciary services platform.
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Additionally, ERS will also provide HighTower advisors with a platform to address the regulatory, technology, data and investment requirements of retirement plans.
HighTower provides advisers access to wealth management solutions through its research division, Global Investment Solutions (GIS). It also offers advisors access to several custodial and third-party platforms.
Matthias Kuhlmey, partner and head of GIS at HighTower, said: "HighTower has taken the lead in providing a compelling retirement plan solution with ERS’s unified platform, enabling advisors to better serve their clients as they respond to a growing demand for sophisticated retirement options."
Babu Sivadasan, group president at ERS, said: "Our partnership with HighTower aligns two leading firms with a shared commitment to delivering fiduciary support for the advisor/client relationship with best-in-class products and services."
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By GlobalDataMichael Parker, national director, enterprise development at HighTower, said: "With the unique capabilities offered by ERS, HighTower now opens a significant new channel for advisors to address those challenges according to the best interests of the client."
