Chicago-based RIA HighTower has lured away HSW Advisors, a three-man team overseeing more than $1.4 billion for 50 clients, from Merrill Lynch’s private banking and investment group.

The HSW Advisors team includes Kenneth Hoffman, Richard Steinberg and Jordan Waxman. As partners and managing directors, the trio will work out of HighTower’s New York City office

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