Hightower Names Robert Picard Managing Director, Head of Alternatives in the Firm’s Investment Solutions Group

The Investment Solutions Group is available to Hightower’s nationwide community of advisory businesses as a value-added and optional resource they can use to improve their portfolio construction and asset allocation in both public and private investments. private. In his new role focusing on alternatives, Mr. Picard will use his deep relationships with asset managers in private equity, private credit, real estate, venture capital and other alternative asset classes to identify a diverse range of opportunities for Hightower’s advisors and their clients. He will also collaborate with advisors to incorporate their investment ideas, while working closely with Hightower’s due diligence team on all alternative strategies.

“As our advisors look to attract more high net worth and very high net worth clients, the Investment Solutions group is here to support them in creating distinct portfolios with institutional-class opportunities, preferred relationships and rigorous due diligence.” said Stephanie Link, Hightower Chief Investment Strategist, Portfolio Manager and head of the Investment Solutions group. “Robert has decades of experience consulting with advisors through multiple market cycles, bringing them fresh ideas to complement their portfolio allocations. He adds an exciting dimension to our team of senior investment executives and we we are thrilled to welcome him to Hightower.”

Mr. Picard has 32 years of both buy-side and sell-side experience building 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 First Republic’s managing director and head of alternative investments, he consolidated two alternative investment businesses into one platform and generated significant growth in both the wealth management team’s participation and its fund offerings. all asset classes. Prior to that, he spent more than a decade as founder and CEO of The Rumson Ridge Group, a consulting company focused on building alternative investment platforms. He is a graduate of the College of Genevaand attended the University of Geneva Law School. Mr. Picard has spent most of his career conducting due diligence on managers’ strategies, visiting over 1,000 firms worldwide in 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,” said Picard. “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 consultation that would not otherwise be available to them . Those who choose to use our brainstorming pool will gain important additional insight that will help them stand out and grow their businesses.”

The expanded alternatives program is part of Hightower’s broader strategy to provide its advisory businesses with easy access to institutional-class family office services for their sophisticated clients. These services include access to a National Trust Company, estate and financial planning team and business management services such as personal CFO, bookkeeping, bill payment and tax preparation.

Hightower has 125 consulting businesses in 34 states and District of Columbia. Regarding March 31, 2022the firm’s assets under management (AUM) were 117.7 billion dollarsand assets under administration were approx 141.5 billion dollars.

About Hightower

Hightower is a wealth management firm that provides investment, financial and retirement planning services to individuals, foundations and family offices, as well as 401(k) consulting and money management services to corporations. Hightower’s capital solutions, operational support services, size and scale empower its vibrant community of independent-minded wealth advisors to grow their businesses and help their clients achieve their vision of ” well rebalanced”. Based on Chicago with advisors throughout the US, the firm operates as a registered investment advisor (RIA). Learn more about Hightower’s collaborative business model at www.hightoweradvisors.com.

Securities offered through member FINRA/SIPC Hightower Securities, LLC. Hightower Advisors, LLC is an SEC-registered investment adviser.

Media contact:

Patty Buchanan
(973) 567-9415
[emailĀ protected]

SOURCE Hightower

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