News

Hightower Makes Strategic Investment in TEN Capital Wealth Advisors in Spokane, Wash.

By Hightower Advisors / May 8, 2023

With a motivated team and fast-growing clientele, the $1 billion firm has become a center of influence in the Pacific Northwest

CHICAGO—May 8, 2023— Hightower today announced it has made a strategic investment in TEN Capital Wealth Advisors, an $1 billion firm with offices in Spokane and Seattle, Wash., that serves as wealth managers to a variety of clients including business owners, executives and multi-generational families.

Tim Mitrovich founded TEN Capital in 2012; the name “TEN Capital” is a nod to his grandfather’s football jersey number and honors his legacy of service. By forging deep relationships through community involvement and with a creative team of skilled advisors, TEN Capital has attracted increasingly larger clients and has become one of the fastest growing firms in the Pacific Northwest.

“We conducted an extensive search to find the right firm that would support our growth with a strong platform; a firm that also understood how important it was to maintain our special client experience,” said CEO Tim Mitrovich. “We chose Hightower for its similar culture and incredible suite of value-added services, particularly business owners support, who are a large component of our practice,” continued President Jacob Timm.

Beyond its base in Spokane and presence in Seattle, TEN Capital is focused on building upon their growing regional influence to expand their footprint.

“TEN Capital has a vibrant culture that aligns perfectly with our focus on ‘well-th’ and putting relationships at the center of financial decision making,” said Hightower Chairman and CEO Bob Oros. “We are excited to partner with a firm focused on both legacy and forward-thinking growth.”

TEN Capital was advised on this partnership by the law firm Alston & Bird and consultant Brett Zaniewski.

In addition to inorganic support, Hightower offers its 131 advisory businesses in 34 states and the District of Columbia a range of services designed to catalyze and accelerate organic growth, including business development consulting, leadership and team development, talent acquisition, marketing support, technology, investment management resources, compliance, accounting, payroll and human resources. Advisors benefit from streamlined access to the Hightower National Trust Company, estate & financial planning, and business management services such as personal CFO, bookkeeping, bill pay and tax preparation for their clients.

As of March 31, 2023, Hightower’s assets under administration were approximately $148.2 billion, and assets under management (AUM) were $119.9 billion, an increase from $113.7 billion as of December 31, 2022.

About Hightower

Hightower is a wealth management firm that provides investment, financial and retirement planning services to individuals, foundations, and family offices, as well as 401(k) consulting and cash management services to corporations. Hightower’s capital solutions, operational support services, size and scale empower its vibrant community of independent-minded wealth advisors to grow their businesses and help their clients achieve their vision of “well-th. rebalanced.” Based in Chicago with advisors across the U.S., the firm operates as a registered investment advisor (RIA). Learn more about Hightower’s collaborative business model at www.hightoweradvisors.com.

Securities offered through Hightower Securities, LLC member FINRA/SIPC. Hightower Advisors, LLC is a SEC registered investment advisor.

Media Contact:
Siobhan Nolan
JConnelly
(862) 217-9585
hightower@jconnelly.com

Hightower Advisors is a group comprised of investment professionals registered with Hightower Advisors, LLC, an SEC registered investment adviser. Some investment professionals may also be registered with Hightower Securities, LLC (member FINRA and SIPC). Advisory services are offered through Hightower Advisors, LLC. Securities are offered through Hightower Securities, LLC.

This is not an offer to buy or sell securities, nor should anything contained herein be construed as a recommendation or advice of any kind. Consult with an appropriately credentialed professional before making any financial, investment, tax or legal decision. No investment process is free of risk, and there is no guarantee that any investment process or investment opportunities will be profitable or suitable for all investors. Past performance is neither indicative nor a guarantee of future results. You cannot invest directly in an index.

These materials were created for informational purposes only; the opinions and positions stated are those of the author(s) and are not necessarily the official opinion or position of Hightower Advisors, LLC or its affiliates (“Hightower”). Any examples used are for illustrative purposes only and based on generic assumptions. All data or other information referenced is from sources believed to be reliable but not independently verified. Information provided is as of the date referenced and is subject to change without notice. Hightower assumes no liability for any action made or taken in reliance on or relating in any way to this information. Hightower makes no representations or warranties, express or implied, as to the accuracy or completeness of the information, for statements or errors or omissions, or results obtained from the use of this information. References to any person, organization, or the inclusion of external hyperlinks does not constitute endorsement (or guarantee of accuracy or safety) by Hightower of any such person, organization or linked website or the information, products or services contained therein.

Click here for definitions of and disclosures specific to commonly used terms.