Larry Restieri to Succeed Bob Oros as CEO of Hightower Advisors
During Oros’ tenure as CEO, he oversaw more than 50 M&A transactions, including the addition of NEPC, and grew assets under advisement to $1.8 trillion from $57 billion.
Chicago-based registered investment adviser Hightower Advisors LLC announced that Larry Restieri will become its next CEO and a member of its board of directors, effective this spring.
Restieri succeeds Bob Oros, Hightower’s CEO since 2019, who will remain a member of the board. During Oros’ time as CEO, he oversaw more than 50 M&A transactions, including the addition of NEPC, and grew assets under advisement to $1.8 trillion from $57 billion.
Restieri was most recently CEO of workplace financial planning and private wealth advisory services company Ayco, a Goldman Sachs company. Prior to leading Ayco, Restieri spent more than two decades at Goldman Sachs in a variety of leadership roles, focusing on wealth and asset management.
Hightower 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.
According to the company, the planned succession signals Hightower’s entrance into its next phase of growth.
“I am honored and excited to join Hightower at this pivotal moment,” said Restieri. “Under Bob’s leadership, the firm has built an incredible reputation as a leading partner for independent advisers, providing them with the tools and resources needed to succeed. I look forward to working with the talented Hightower team, our advisers, and the Board, including Bob.”