The Investment Solutions group is available to Hightower’s national advisory business community as an optional, value-added resource they can use to improve their portfolio construction and asset allocation across public and private investments. In his new role focused on alternatives, Mr. Picard will leverage his close relationships with asset managers in private equity, private credit, real estate, venture capital and other classes. of alternative assets to identify a wide range of opportunities for Hightower’s advisors and their clients. He will also work with advisors to integrate their own investment ideas, while working closely with Hightower’s due diligence team on all alternative strategies.
“As our advisors seek to attract more high-net-worth and ultra-high-net-worth clients, the Investment Solutions group is here to help them create distinctive portfolios with institutional-class opportunities, preferred relationships and rigorous due diligence,” said said Stephanie Link, Hightower Chief Investment Strategist, Portfolio Manager and Head of the Investment Solutions Group. “Robert has many decades of experience consulting with advisors through multiple market cycles, bringing them new ideas to complement their portfolio allocations. He adds an exciting dimension to our team of senior investment leaders, and we are delighted to welcome him to Hightower.”
Mr. Picard has 32 years of experience on both the buy and sell side, having built multi-billion dollar alternative investment programs at First Republic Private Wealth Management, The Carlyle Group/Rock Creek, Optima Fund Management, RBC Capital Markets and InfraHedge/ State Street. In his most recent role as Managing Director and Head of Alternative Investments at First Republic, he consolidated two alternative investment businesses into one platform and drove significant growth in both the team’s wealth management and fund offerings across all asset classes. Prior to that, he spent over a decade as founder and CEO of The Rumson Ridge Group, an advisory firm focused on building alternative investment platforms. He graduated from the College of Genevaand attended the University of Faculty of Law of Geneva. Mr. Picard has spent much of his career performing due diligence on managers’ strategies, visiting more than 1,000 companies worldwide over the past 25 years.
“Hightower’s Investment Solutions group is playing an increasingly critical role in helping advisors identify disruptive new private investments for families with complex financial needs,” Picard said. “Through our expanded program, Hightower advisors will have even greater access to preferred and hard-to-find alternative investment strategies with a level of professional portfolio advice that would otherwise not be available to them. Those who choose appealing to our group for ideas will gain important additional information that will help them differentiate themselves and grow their business.”
The expanded alternatives program is part of Hightower’s broader strategy of providing its advisory businesses with streamlined access to institutional-grade family office services for their sophisticated clients. These services include access to a national trust company, an estate and financial planning team, and business management services such as personal financial manager, bookkeeping, bill payment and preparation of tax returns.
Hightower has 125 consulting firms in 34 states and the District of Colombia. From March 31, 2022the assets under management (AUM) of the company were $117.7 billionand assets under administration were approximately $141.5 billion.
About High Tower
Hightower is a wealth management firm that provides investment, financial planning and retirement planning services to individuals, foundations and family offices, as well as 401(k) advisory and cash management services to businesses. Hightower’s capital solutions, operational support services, size and scale enable its vibrant community of independent-minded wealth advisors to grow their businesses and help their clients achieve their vision of “well-being”. be rebalanced. Situated at Chicago with advisors across the United States, the firm operates as a Registered Investment Advisor (RIA). To learn more about Hightower’s collaborative business model, visit www.hightoweradvisors.com.
Securities offered by Member FINRA/SIPC of Hightower Securities, LLC. Hightower Advisors, LLC is an SEC-registered investment adviser.