Hightower names Robert Picard to head alternatives

Hightower names Robert Picard to head alternatives
Former First Republic executive built alternatives platforms at Carlyle Group, RBC.
JUL 27, 2022

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.

Latest News

Northern Trust vows continued independence after BNY report
Northern Trust vows continued independence after BNY report

Following Wall Street Journal reporting from unnamed sources, the Chicago-based financial giant stressed its commitment to "delivering long-term value to our stakeholders."

California advisor who took cash from cannabis client barred
California advisor who took cash from cannabis client barred

The advisor, Andrew Nash of El Capitan Advisors, used the funds to buy a house, according to the SEC.

Robo platform Wealthfront teases IPO plans
Robo platform Wealthfront teases IPO plans

The digital investment platform's announcement of a confidential submission to the SEC comes amid a broader trend of consumer fintech firms going to market.

Goldman, Citi back NaviPlan architects in fresh bet on AI-powered financial advice
Goldman, Citi back NaviPlan architects in fresh bet on AI-powered financial advice

The Canadian startup's latest funding round, raising $60 million from the banks and other investors, is set to fuel its continued expansion into the US.

RIA moves: Carson Group gains strength in Utah, Apollon debuts in Ohio
RIA moves: Carson Group gains strength in Utah, Apollon debuts in Ohio

Carson's latest addition in Salt Lake City continues its strategy of buying out successful and growing Carson Wealth locations.

SPONSORED RILAs bring stability, growth during volatile markets

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.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave