HMA & HighTower

By HMA Team on September 27, 2018

Investors are receiving several mixed signals in the financial markets as we enter the last quarter of the year.  Positives include a robust US economy, strong earnings growth, positive earnings guidance, low unemployment, small business confidence, and still reasonable inflation.   Negative signals are centered around potential trade wars, a flattening yield curve, higher equity valuations, dysfunction in Washington, and elevated debt levels.  With those prevailing cross currents, we are pleased to have HighTower as a strategic partner in navigating through these uncertain waters.

Founded in 2008, in the aftermath of the financial crisis, HighTower supports 90 investment advisory practices, similar to us, that oversee over $50 billion in client assets (they were recently ranked as the 11th largest money manager in Chicago).   In addition to providing back office support to us, including technology and compliance/regulatory supervision, our partnership with HighTower also brings HMA a significant enhancement in investment management resources.

HighTower delivers to HMA a wide variety of research and investment solutions that are free of the conflicts of interest often seen at many large investment firms and banks.  The robust research offering includes access to virtually all major investment banks as well as several independent providers.  In addition, HighTower provides portfolio construction guidance and strategy, outside manager and fund due diligence, and a dedicated fixed income trading desk.  Finally, our affiliation with HighTower brings us a collaborative network of advisor teams that promotes a sharing of ideas and solutions for clients.  Having access to multiple viewpoints allows us to make more informed recommendations and decisions in client portfolios.

HMA + HighTower = A boutique level of client service with an institutional level of resources and support.


Hummer Mower Associates 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.

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