News & Insights

Weight of an OX - The Voice of HighTower

by Matthias Kuhlmey on May 20, 2016

http://wealthmanagement.com/viewpoints/wox-voice-hightower

It was John Oliver who recently reminded us (different topic, yet relevant) that there is no use for “… people’s opinions on a fact.” With his simple truth in mind, let’s stay with facts, but those that were relevant in materially shaping the way our firm, HighTower, was built. The fact is that most professional money managers, as well as traditional Wall Street firms, did not have their facts right when there was a chance to identify the risks stemming from capital markets in 2007/2008, 2011, etc., and, quite frankly, many of them are still missing the mark. When reviewing a Google search on “the accuracy of Wall Street research,” the findings seem to be clear and rather sobering: it is a risk to build around one leading, and often binding, opinion.

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HighTower Advisors is registered with HighTower Securities, LLC, member FINRA and SIPC, and with HighTower Advisors, LLC, a registered investment advisor with the SEC. Securities are offered through HighTower Securities, LLC; advisory services are offered through HighTower Advisors, LLC.

This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.

All data and information reference herein are from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other information contained in this research is provided as general market commentary, it does not constitute investment advice. The team and HighTower shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced. Such data and information are subject to change without notice.

This document was created for informational purposes only; the opinions expressed are solely those of the team and do not represent those of HighTower Advisors, LLC, or any of its affiliates.