Chicago-based Hightower has hired Robert Picard to head alternative investments in its investment solutions group.
In the new position, he will work to expand access to private-market investments and custom solutions for the firm’s community of advisory businesses, the firm said in a press release Wednesday.
Picard was most recently managing director and head of alternative investments at First Republic Private Wealth Management. Earlier, he built alternative investment platforms at The Carlyle Group/Rock Creek, Optima Fund Management, RBC Capital Markets and InfraHedge/State Street.
The firm’s assets under management totaled $117.7 billion at the end of the first quarter, while assets under administration were approximately $141.5 billion.
TIAA survey finds 53% of Americans worry about running out of money, as AI and medical advances scramble retirement income planning.
Two wirehouse veterans choose advisor-owned model as independents target ultra-high-net-worth clients beyond portfolio management.
Guardian's Nancy DeRusso tells InvestmentNews how advisors can help close the 'longevity gap'.
Goldman Sachs retirement survey finds 83% want guaranteed income, while the annuities providing that income increasingly hold private credit.
The AI meeting assistant's Advisor Intelligence plugin turns client conversation data into annual reviews, tax scans and attrition alerts.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
