EquityZen Partners with Hightower on Private Liquidity Network for Clients
EquityZen will provide liquidity for pre-IPO shares to Hightower clients
NEW YORK, Feb. 26, 2019 /PRNewswire/ -- EquityZen, a leading provider of liquidity to private shareholders, has partnered with Hightower as an inaugural member of its Private Liquidity Network ("PLN"). Hightower's PLN offers advisers a unique tool to support clients holding private company shares. As a member of the network, EquityZen will provide liquidity for pre-IPO shares to Hightower's clients who may be looking to diversify their portfolios or have cash to finance major life events.
As companies stay private longer, access to liquidity is becoming increasingly important to early shareholders.
"Our ability to facilitate liquidity within the context of an overall financial plan is extremely important to our clients," said Justin Winters, Managing Director at Hightower's Treasury Partners, a team that oversees $8 billion in assets and ranked as a 2018 Barron's Top 100 Financial Advisor. "This relationship will allow us to deliver a liquidity solution to the founders, executives, and private company employees that we work with."
EquityZen's tech-driven platform makes it easy for Hightower clients to sell their shares. Over 125 private companies have worked with EquityZen in over 6,500 liquidity transactions.
"EquityZen is proud to partner with Hightower to provide hundreds of financial advisers and their clients access to the pre-IPO market," said Phil Haslett, EquityZen Co-Founder and Chief Revenue Officer. "The Private Liquidity network is the first of its kind and a real testament to the value of liquidity for early private company shareholders."
For more information about EquityZen's partnership with Hightower's Private Liquidity Network, please contact Brianne Lynch at [email protected].
About EquityZen
EquityZen Inc. (equityzen.com) is a rapidly-growing marketplace for making investments in late-stage private technology companies. EquityZen provides accredited investors, wealth advisors, and institutional money managers access to private markets.
With over 6,500 private placements completed in 125+ premier private companies, EquityZen is building private markets for the public. Investors in the company include Draper Associates and WorldQuant Ventures. Press kit available here.
About HighTower
HighTower is an innovative wealth management firm challenging the status quo of how firms deliver financial advice in the United States. Founded in 2007, the firm is at the forefront of a major industry shift from product sales to client service. Servicing approximately $68.6 billion in assets, HighTower is one of the fastest-growing companies in the U.S. Visit www.hightoweradvisors.com.
Media Contact
Deborah Kostroun
201-403-8185
[email protected]
SOURCE EquityZen Inc.
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