Hightower takes strategic stake in $2.3B Charles D. Hyman & Co.

Hightower has expanded its wealth footprint in Florida as it welcomes a three decade-old planning practice to its network.

The national RIA has announced a strategic investment in Charles D. Hyman & Company, a Ponte Vedra Beach-based wealth management firm with $2.3 billion in assets under management. 

Charles D. Hyman & Co. has provided wealth management services for over three decades, advising individuals, families, trusts, charitable organizations, and foundations. The firm, known for its relationship-focused approach, emphasizes long-term investment objectives and a highly personalized service model. The five-person team has worked closely together for years, maintaining a commitment to client families across generations.

“Charles D. Hyman & Company has a strong reputation and long history of serving as trusted wealth advisors to families across generations in Ponte Vedra Beach and beyond,” Bob Oros, Hightower chairman and CEO, said in a statement. “Those relationships, built on integrity of purpose and excellence in portfolio management over 30 years, will continue to thrive as part of our new Hightower partnership."

"Joining Hightower will allow us to add additional operational, regulatory, and technological infrastructure as well as leverage an expanded set of new wealth solutions and services,” said Charles Hyman, the Florida-based firm's eponymous founder and president. “We’re confident that we have found the right partner in Hightower.”

With this investment, Hightower now encompasses 140 advisory businesses across 35 states and Washington, D.C. Hightower’s total AUM reached approximately $156 billion as of June 30, 2024.

The RIA's deal in Florida builds on other moves earlier this year. In April, it found its first-ever president in Gurinder Ahluwalia, an industry veteran and executive partner at Thomas H. Lee Partners, its private equity owner. And earlier in January, it completed its strategic investment in Capital Management Group, a New York-based firm with $3.3 billion in assets.