Hightower Advisors Welcomes New Leadership
Hightower Advisors, an esteemed name in wealth management, has recently appointed Larry Restieri as its new Chief Executive Officer (CEO). This pivotal move comes as the firm continues to enhance its commitment to providing exceptional investment and financial planning services. Restieri will take over this key role in spring 2025, succeeding Bob Oros, who has led the company since 2019. Under Oros's guidance, Hightower has significantly grown its reputation and clientele.
Restieri's Extensive Experience in Wealth Management
With a wealth of industry knowledge, Larry Restieri is well-equipped for this leadership role. Prior to joining Hightower, he served as the CEO of AYCO, a firm under Goldman Sachs that specializes in workplace financial planning and private wealth advisory services. His time there was marked by innovative strategies that enhanced client engagement and service offerings. Furthermore, Restieri boasts over twenty years of experience at Goldman Sachs, where he held various leadership positions in wealth and asset management.
A Transition for Growth and Continuity
The transition to Restieri as CEO signifies a new chapter for Hightower Advisors. His appointment is not just about steering the company; it’s about marking a substantial growth phase, building on the momentum created under Oros’s leadership. During this time, Hightower successfully completed over 50 mergers and acquisitions and saw its assets under advisement surge from $57 billion to an impressive $1.8 trillion.
Looking Ahead: Vision for the Future
Expressing his excitement about the new role, Restieri mentioned, “I am honored and excited to join Hightower at this pivotal moment. Under Bob’s leadership, the firm has built an incredible reputation as a leading partner for independent advisors.” This sentiment is echoed by Bob Oros, who lauded Restieri’s experience and dedication, stating, “Larry is an exceptional leader who brings deep familiarity with the wealth management landscape and a strong commitment to serving advisors and their clients.”
Commitment to Advisors and Their Clients
Both leaders emphasize Hightower Advisors' commitment to empowering independent advisors with the necessary tools for success. Ganesh Rao, Managing Director at THL Partners, shared his enthusiasm about Restieri’s leadership, highlighting his proven track record in the wealth management industry. The support from key stakeholders suggests a collaborative and strategic future for Hightower Advisors.
About Hightower Advisors
Hightower Advisors is a recognized leader in the wealth management sector, offering comprehensive investment, financial, and retirement planning solutions to individuals, foundations, and family offices. They also provide 401(k) consulting and cash management services for corporations. Based in Chicago, Hightower operates as a registered investment advisor (RIA), empowering a vibrant community of independent-minded advisors to achieve their client’s financial goals effectively. Their commitment to a collaborative business model underscores their dedication to transformative financial solutions.
Frequently Asked Questions
Who is Larry Restieri?
Larry Restieri is the newly appointed CEO of Hightower Advisors, bringing extensive experience from his previous role at AYCO, a subsidiary of Goldman Sachs.
What did Bob Oros contribute to Hightower?
Bob Oros, who served as CEO since 2019, significantly enhanced Hightower's reputation and oversaw its expansion, successfully completing over 50 mergers and acquisitions.
What are the services offered by Hightower Advisors?
Hightower provides a wide range of services including investment management, financial and retirement planning, as well as 401(k) consulting and cash management services for corporations.
What does Restieri aim to achieve as CEO?
Restieri aims to build upon the firm’s growth and enhance the services available to independent advisors, ensuring they have the resources needed to succeed in a competitive market.
Where is Hightower Advisors based?
Hightower Advisors is based in Chicago, with a network of advisors across the United States, operating as a registered investment advisor (RIA).
