HighTower Adds $175M Wells Fargo Practice
Thomas Volpini and Derek Bock, who co-founded National Wealth Management in 2003, are rebranding their firm as HighTower Buffalo in New York, according to the press release.
National Wealth Management had offered investment products and services through Wells Fargo Advisors Financial Network as a separate entity, according to Volpini’s LinkedIn profile. The practice manages $175 million, according to HighTower.
Volpini began his financial advisor career at John Hancock and then worked as vice president and senior financial advisor at Fleet Bank prior to co-founding National Wealth Management, according to HighTower’s press release. He focuses on ultra high net worth clients, including corporate executives and professional athletes.
Bock, who was also at Fleet Bank before co-founding National Wealth, works primarily with business owners, HighTower says. The duo picked HighTower in part for its embrace of the fiduciary standard, Volpini says in the press release.
Volpini and Bock’s practice is the sixth new individual team to join HighTower in 2017, the firm says. It also follows the firm’s largest acquisition to date: earlier this month HighTower brought on most of the 12 wealth management firms under WealthTrust, adding $6.4 billion, according to HighTower.