Hightower Faucets Gurinder Ahluwalia as President

In an announcement concerning the management shuffle, Hightower Chairman and CEO Bob Oros mentioned Ahluwalia’s and DiBiasio’s appointments, particularly, mirror the agency’s proactive method to progress and scalability: “Hightower Advisors continues to increase its govt crew by including gifted leaders who can assist our enterprise and shopper goals.”

With Ahluwalia and DiBiasio’s appointments, “we’re supporting the construction of progress and on the identical time guaranteeing that we will proceed to drive momentum for our advisors in a approach that’s proactive and scalable,” Oros defined in an announcement 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 property underneath administration have been roughly $131 billion.

Regardless of the momentum, different current hiring information from the RIA aggregator agency noticed it minimize its workers by about 5%. The layoffs have been utilized throughout the company group however didn’t have an effect on advisors straight, in response to the agency, and there have been no adjustments among the many agency’s executives as a part of the inner changes.

Pictured: Gurinder Ahluwalia

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