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In a press release concerning the management shuffle, Hightower Chairman and CEO Bob Oros mentioned Ahluwalia’s and DiBiasio’s appointments, particularly, replicate the agency’s proactive strategy to development and scalability: “Hightower Advisors continues to broaden its government group by including proficient leaders who can assist our enterprise and consumer goals.”
With Ahluwalia and DiBiasio’s appointments, “we’re supporting the construction of development and on the identical time guaranteeing that we will proceed to drive momentum for our advisors in a means that’s proactive and scalable,” Oros defined in a press release shared with ThinkAdvisor.
Due to a string of current acquisitions — together with a dozen inked in 2023 alone — Hightower’s advisor neighborhood now consists of over 140 advisory companies in dozens of states and Washington, D.C. As of Sept. 30, Hightower’s belongings underneath administration have been roughly $131 billion.
Regardless of the momentum, different current hiring information from the RIA aggregator agency noticed it minimize its employees by about 5%. The layoffs have been utilized throughout the company group however didn’t have an effect on advisors straight, based on the agency, and there have been no adjustments among the many agency’s executives as a part of the interior changes.
Pictured: Gurinder Ahluwalia
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