Hightower Advisors completed the investment in Capital Management Group of New York.

Hightower Advisors, a wealth management firm, completed the investment in Capital Management Group of New York, a wealth management and financial planning firm. Financial terms were not disclosed. “Capital Management Group of New York has a reputation for creating sophisticated financial plans, and building lasting relationships, that help their clients meet their holistic wealth needs over the short and long term. They are in a pivotal growth phase and Hightower can provide new opportunities for their business by providing additional capabilities aimed to enhance both the advisor and client experiences,” Bob Oros, Hightower Chairman and CEO.