When financial advisor Jeff Leventhal left UBS Financial Services for HighTower Advisors earlier this month, the decision was as much about serving his clients as the direction in which he saw the entire wealth industry headed.
“I think the industry has changed,” Leventhal said in an interview with On Wall Street. “To me, these boutique wealth management firms, unattached to an investment bank, are the future of the wealth management business, in my opinion. I think ten years from now you will see a lot more firms like HighTower popping up all over the country.”
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