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.
MyVest and Vestmark have also unveiled strategic partnerships aimed at helping advisors and RIAs bring personalization to more clients.
Wealth management unit sees inflows of $23 billion.
Deal will give US investment bank a foothold in lucrative European market.
New report examines the impact that the initiative has had on philanthropy.
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Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
