This week, Hightower announced the acquisition of Charles D. Hyman & Company, a Ponte Vedra Beach, Fla.-based registered investment advisor with $2.3 billion in assets under management (AUM).
This move is the latest in Hightower’s ongoing acquisition strategy, positioning the Chicago-based firm for continued growth. Hightower now operates in 35 states and Washington, D.C., reinforcing its nationwide presence. Earlier this year, Hightower made another significant move by acquiring Capital Management Group, a $3.3 billion RIA, in January.
With this latest acquisition, Hightower brings Charles D. Hyman & Company into its expanding portfolio, gaining a strategic presence in Ponte Vedra Beach, a Jacksonville suburb known for its affluent residents and the prestigious TPC Sawgrass golf course. Hightower reported managing $156 billion in AUM as of June, solidifying its position as one of the industry’s leading consolidators.
Charles D. Hyman & Company, led by its founder and President Charles Hyman, has been serving clients for over 30 years, focusing on long-term relationships and multi-generational wealth management. Hightower expressed its appreciation for the firm’s deep-rooted client service model, emphasizing the strong bonds built between the Hyman team and their clients. Hyman’s five-person team has worked together for decades, providing high-net-worth individuals, businesses, and charities with tailored financial strategies.
“Hyman & Co. has earned an impeccable reputation as trusted advisors to affluent families in Ponte Vedra Beach and beyond,” says Hightower CEO Bob Oros. “Their dedication to client relationships, built on integrity and excellence in portfolio management over the past 30 years, aligns perfectly with Hightower’s mission. We’re excited to help them grow and enhance their service offerings through this partnership.”
Hyman & Co.’s regulatory filings reveal a client base composed primarily of high-net-worth individuals, holding the majority of the firm’s $2.3 billion in assets. Hyman emphasized the advantages of joining forces with Hightower, citing the firm’s resources in technology, business operations, and regulatory compliance. Additionally, he highlighted Hightower’s wealth of solutions and services that will allow his team to offer even more comprehensive financial advice.
The acquisition adds to Hightower’s already significant presence in Florida, where the firm operates 16 advisory offices. Hyman remarked that the partnership was a natural fit, given the two firms’ shared values and long-term approach to financial planning. “We’ve known Hightower for a long time and are confident that this partnership will allow us to better serve our clients,” Hyman says. “We believe this is the right move for our firm’s future.”
Hightower’s acquisition strategy has proven to be a key driver of growth, allowing the firm to expand its geographical reach and enhance its service capabilities. The firm continues to seek out advisors and teams that align with its client-centric philosophy and long-term vision. By integrating successful RIAs like Charles D. Hyman & Company, Hightower positions itself to meet the evolving needs of high-net-worth clients across the country.
