Hightower announced that the firm had made a strategic investment in Charles D. Hyman & Company, a wealth management practice located in Ponte Vedra Beach, FL, with $2.3 billion in assets under management. And Charles D. Hyman & Co. manages assets for individuals, families, trusts, charitable interests, and foundations.
Launched 30 years ago, Charles D. Hyman & Co. believes in a relationship-driven approach and strives to achieve nourishing, long-term investment objectives on behalf of its clients. And the five-person team has worked together for decades; dedicated to highly personalized, caring service and an enduring commitment to their client families for generations to come.
The nationwide Hightower advisor community now features 140 advisory businesses in 35 states and the District of Columbia. But Hightower offers a wide range of services for accelerating organic growth, including business development consulting, leadership and team development, talent acquisition, marketing support, technology, investment management resources, compliance, accounting, payroll, and human resources. And advisory groups that partner with Hightower also receive access to inorganic growth services such as sourcing, valuation, deal structuring, due diligence, legal and regulatory, pre- and post-close integration, and capital resources for M&A transactions. As of June 30, 2024, Hightower’s assets under management (AUM) were about $156 billion.
Jessica Polito, founder of Turkey Hill Management, advised Charles D. Hyman & Company on this deal.
KEY QUOTES:
“Charles D. Hyman & Company has a strong reputation and long history of serving as trusted wealth advisors to families across generations in Ponte Vedra Beach and beyond. Those relationships, built on integrity of purpose and excellence in portfolio management over 30 years, will continue to thrive as part of our new Hightower partnership. As Chuck and the team look to the future, I am delighted to welcome them to the Hightower community.”
-Hightower Chairman and CEO Bob Oros
“Joining Hightower will allow us to add additional operational, regulatory, and technological infrastructure as well as leverage an expanded set of new wealth solutions and services. We have known one another well for a long time. All of us here embrace our clients and their families with heartfelt care and a passion for the work, now and for future generations. We’re confident that we have found the right partner in Hightower.”
-President and Founder Charles Hyman
