Larry Restieri, former CEO of Goldman Sachs’ Ayco, has officially taken over as CEO at Hightower, following the departure of Bob Oros. Hightower, a rapidly growing registered investment advisor (RIA), boasts approximately $308.2 billion in assets under management, having expanded significantly through over 50 acquisitions since 2019.
Key Points
- Larry Restieri brings over two decades of experience in wealth and asset management from Goldman Sachs to his new role at Hightower.
- Bob Oros, the outgoing CEO, will remain with the company as a board member to ensure continuity.
- Hightower has significantly increased its assets from about $57 billion in 2019 to $1.8 trillion through aggressive acquisitions.
- Restieri’s leadership is expected to further align the firm’s practices for sustained organic growth.
- Hightower aims for transformational growth, enhancing opportunities for both clients and advisors.
Why should I read this?
If you’re keen on understanding the shifts in leadership within major financial firms, this article highlights a key transition at Hightower that could impact the wealth management space significantly. With Restieri’s background and the ambitious trajectory of the firm, this is one to watch closely. We’ve done the legwork so you don’t have to; stay informed about this evolving story!