Chicagoís HighTower has taken on the Dillig Bowen Group duo - managing approximately $1 billion for ultra high net worth families - from Credit Suisse.
Matt Dillig and Ted Bowen join as partners and managing directors and will operate from the firm's Chicago, IL, headquarters. Together, the pair have 22 years of experience in the financial services sector and represent the eighth new advisor team to join HighTower so far this year.
According to a statement, Dillig and Bowen have worked for Credit Suisse since 2008. Before that, they were part of Merrill Lynchís private banking and investment group which serves UHNW clients.
Since its inception, HighTower has added 33 advisor teams to its partnership. In July, the Lerner Group - managing over $600 million for high net worth clients from Morgan Stanley Smith Barney - was brought in to lead the firmís expansion in Chicago's North Shore.
Eugene Lerner, Walter Gondeck and Mingdong Tan - like the Dillig Bowen Group - also joined as managing directors and partners, with over 60 years of combined experience.
HighTower is an advisor-owned firm that specializes in HNW and institutional clients, with headquarters in Chicago and corporate bases in New York and San Francisco.