On September 12, 2024, Hightower Advisors LLC announced that it had entered into an agreement to take a majority stake in Charles D. Hyman & Co.
Hightower Advisors LLC (“Hightower”) announced, on September 12, 2024, that it had made an agreement to take a majority stake in Charles D. Hyman & Co. The transaction is expected to close around the end of October. Further terms of the transaction were not disclosed.
Hightower, based in Chicago, is a wealth management firm offering financial and retirement services to both individual and institutional investors. As of June 2024, Hightower had $156 billion in assets under management.
Charles D. Hyman & Co., based in Ponte Vedra Beach, Florida, is a registered investment advisory firm managing assets for individuals, families, trusts, charitable interests and foundations. As of June 2024, Charles D. Hyman & Co. had $2.3 billion in assets under management. Turkey Hill Management served as financial advisor to Charles D. Hyman & Co. on the transaction.
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