HighTower, a Chicago-based, advisor-owned financial services firm, announced Monday it added two advisory teams in Las Vegas, Anderson & Delutri and MNA Group.
The teams will work out of HighTower's new office in Las Vegas.
MNA Group and Anderson & Delutri are the ninth and 10th teams to join HighTower this year, and the 34th and 35th teams to enter into the partnership since its inception. Both teams were previously part of Bank of America Merrill Lynch.
"Teams such as these are the linchpin of our continued growth as HighTower expands into new markets," said Mike Papedis, Executive Vice President of Business Development at HighTower.
Hugh Anderson and Sheila Delutri, the principals at Anderson & Delutri, each spent more than 30 years at Merrill. They manage $450 million in assets and offer holistic wealth management, including intergenerational asset management services, to affluent families.
Mike PeQueen, Ned Evans and Adam Thurgood, the principals of MNA Group, have a combined 60 years of experience in the financial services industry. They joined Merrill in 2002 after working for Prudential Securities. The team manages $340 million in assets and primarily serves clients with between $2 million and $5 million in investable assets. MNA Group's proprietary investment management process focuses on risk-adjusted returns when constructing and managing client portfolios.