A team that oversaw $500m in assets at Morgan Stanley has departed the firm to join HighTower.
The team, led by managing director Thomas Foley and senior vice president Keith Hier, has launched the new HighTower Omaha office, which is the firm's first team in Nebraska.
"After 20 years at Morgan, we chose to join HighTower for its sophisticated platform and culture of excellence, both of which will help us address our clients' complex needs and grow our business. Even more importantly, HighTower's commitment to putting clients' best interests first resonates deeply with our vision for our team," Foley said.
The team, the ninth one to join the HighTower in 2016, also includes Tom Hodgson and Tina Legett.
HighTower chief development officer Michael Parker said: "HighTower's track record of helping teams grow attracts advisors from a variety of settings—including wirehouses, RIAs and independent broker-dealers. If a team is looking to grow and build a strong wealth management business, we're simply the best solution for them.”