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.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
Employee accounts, crypto trials and job cuts frame a pivotal year for the Swiss lender.
New name draws on founder's family history as consolidation reshapes the broker-dealer landscape.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
