Hightower President Steps Down Less Than Three Months into Tenure

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Hightower President Roberto Stewart is stepping down from his relation and leaving the enactment little than 3 months aft joining the firm.

According to a Hightower spokesperson, Stewart "made the hard determination to measurement distant from his relation for idiosyncratic reasons," and the steadfast intends to sanction his replacement "in the adjacent future."

"He remains committed to Hightower and volition enactment intimately with the enactment squad to enactment a creaseless transition," the spokesperson said. "We are grateful for his enactment and contributions to the steadfast and privation him each the best."

Stewart primitively joined Hightower arsenic its president and main concern serviceman successful April to pb "enterprise services and enactment the firm's adjacent signifier of growth" by overseeing Hightower One, the firm's recently established back- and middle-office platform.

Before joining Hightower, Stewart was the main operating serviceman for Engle Martin, a portfolio institution of BW Forsyth Partners, with further multi-year tenures astatine AIG, McKinsey & Company and Allstate, among others.

Stewart succeeded Gurinder Ahluwalia arsenic Hightower's president. Ahluwalia, who had served arsenic the firm's interim president since 2024, is besides an enforcement spouse to the fiscal exertion and services vertical astatine Thomas H. Lee Partners, Hightower's backstage equity owner.

In an archetypal connection aft assuming his roles astatine Hightower, Stewart said his absorption would beryllium connected "creating greater clarity, ratio and alignment crossed Hightower One, enabling advisors to walk much clip with clients and turn their practices."

Hightower One is the firm's caller centralized platform, primitively acceptable to rotation retired astatine the extremity of the twelvemonth arsenic the main wealthiness absorption level for Hightower firms successful its caller Signature Wealth Division. However, Hightower Investment Management Head Randy Bullard said successful April that the level would yet beryllium accessible for each Hightower advisors.

According to Bullard, Hightower One would "dovetail" with the firm's Signature Wealth strategy launched past October. The part volition enactment arsenic a W-2 worker channel, bringing existing Hightower-affiliated firms and caller additions nether a single, Hightower-branded firm.

According to Bullard's interrogation with Wealth Management in April, advisors wrong Signature Wealth were acceptable to modulation clients to Hightower One starting this summer.