HighTower said it recruited an advisor who managed $500 million in client assets from Oppenheimer.
Carol Nulman, an advisor based in New Providence, R.I., joined HighTower last week, representing the firm's fifth recruiting grab this year, the firm said. Altogether, HighTower this year has recruited advisors managing approximately $2.075 billion in assets.
Mark Whaley, executive vice president of Oppenheimers private client division, said that while Nulman may have left the firm, her teammates remain.
Marissa Pollard and Gretchen Wallace, both executive directors, will continue in their respective roles while Gerry Nelson, registered client service associate, who was previously a team member and had retired, will rejoin the team at Oppenheimer, he said. We expect the majority of the clients to continue their relationship with Oppenheimer.
HighTower said it was confident that it would bring over the assets.
Nulman has more than three decades of industry experience, having started her career with Lehman Brothers in 1983. She later worked for Smith Barney from 1992 to 2009, when she moved to Oppenheimer. Earlier this month, HighTower pulled in a Morgan Stanley team managing $750 million in client assets. David
Bahnsen and Brian Szytel, managing directors of the Bahnsen Group, jumped to HighTower with their eight-person team. They are based in Newport Beach, Calif.
That move almost matched HighTower's biggest grab last year, when the firm said it pulled over a Merrill Lynch team managing $800 million in client assets.
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