American financial services firm HighTower has added newly formed firm called Fiduciary Plan Advisors to its network portfolio.
Under the partnership, Fiduciary Plan Advisors will tap into HighTower’s service and technology platform to promote its nationwide growth.
HighTower said that its service and technology platform includes comprehensive technology, compliance, research, operations and business development support.
Joining HighTower’s network will enable Fiduciary Plan Advisors to maintain their own brand and culture while offering clients with more comprehensive and sophisticated product and service offerings.
Michael Parker, national director of enterprise development, HighTower, said: "Fiduciary Plan Advisors’ focus on delivering differentiated solutions to corporate plan sponsors is meeting a critical need in the market."
Fiduciary Plan Advisors was set up by Jania Stout, formerly senior vice president and retirement plan consultant at PSA Financial Advisors to offer 401(k) services to midsize companies.
Stout said: "Membership in the HighTower Network gives us the infrastructure to support a national footprint and enables us to remain fully focused on addressing our clients’ unique needs as we continue to build our business."