Hightower takes stake in Private Vista

Hightower, the Chicago-based registered investment adviser that invests in other RIA firms, has taken a stake in Private Vista, an RIA with offices in Chicago and Oak Brook, Illinois, that manages $1.5 billion.

Details of the arrangement were not disclosed.

Private Vista was established in 2016 with the merger of two advisory businesses. It currently has 34 employees, including 20 advisers.

[More: Hightower acquires stake in $3.3 billion RIA]

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