Hightower Announces Transition to CEO Larry Restieri

Leadership change marks pivotal moment in RIA’s evolution

Hightower announced today that Larry Restieri has officially taken the reins as its Chief Executive Officer and member of the Board of Directors, succeeding Bob Oros, firm CEO since 2019. Hightower announced in February that Oros planned to step down as CEO and it simultaneously named Restieri, who had been a partner at Goldman Sachs and CEO of its Ayco business, as his successor. The transition, effective immediately, signals the start of a new chapter in Hightower’s continued evolution.

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Hightower Announces Transition to CEO Larry Restieri

“Hightower is positioned for transformational growth. We have a tremendous community of advisors, and I’m committed to working with our talented advisory practices to win together as a team,” said Hightower CEO Larry Restieri. Restieri will focus on driving operational excellence and increased scale to achieve meaningful outcomes for advisors and end-clients. “The result of a valuable experience for our clients and advisors is increased opportunities for growth, both organic and inorganic,” he added.

An industry veteran, Restieri brings comprehensive experience in growing and scaling wealth management businesses, having served most recently as CEO of Ayco, a Goldman Sachs company that specializes in workplace financial planning and private wealth advisory services. During his tenure, he played a pivotal role in modernizing the firm’s businesses, deepening its client relationships and driving growth. In addition to leading Ayco, Restieri spent more than two decades at Goldman Sachs in a variety of leadership roles, across wealth and asset management.

Outgoing CEO Bob Oros commented, “I’ve watched the firm over the past six and a half years thrive even in the face of economic uncertainty and market volatility. We have built an incredible community of advisors and strong set of capabilities to support them. I’m confident that Larry is going to lead Hightower towards more success, while maintaining and protecting the solid core of the firm and its values. I wish Larry the best as he takes over as the next CEO of Hightower.”

Oros will remain a member of the Board, ensuring strategic continuity and a seamless transition for the firm’s growing client base.

The nationwide Hightower advisor community now comprises 144 advisory practices in 34 states and the District of Columbia. As of March 31, 2025, assets under management (AUM) for Hightower and its affiliates were approximately $308.2 billion. Hightower offers a wide range of services for accelerating organic growth, including business development consulting, leadership and team development, talent acquisition, marketing support, technology, investment management resources, compliance, accounting, payroll, and human resources. Advisory groups that partner with Hightower also receive access to inorganic growth services such as sourcing, valuation, deal structuring, due diligence, legal and regulatory, pre- and post-close integration, and capital resources for M&A transactions. Learn more about Hightower’s collaborative business model at www.hightoweradvisors.com.

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 cash 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 practices and help their clients achieve their vision of “well-th. rebalanced.” Based in Chicago with advisors across the U.S., the firm operates as a registered investment advisor (RIA). Learn more about Hightower’s collaborative business model at www.hightoweradvisors.com.

Hightower Advisors, LLC is an SEC registered investment adviser. Registration as an investment advisor does not imply a certain level of skill or training. Securities are offered through Hightower Securities, LLC, Member FINRA/SIPC.

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“Hightower is positioned for transformational growth. We have a tremendous community of advisors, and I’m committed to working with our talented advisory practices to win together as a team,” said Hightower CEO Larry Restieri.