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Articles tagged "Bob Oros"


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Stephanie Link made a key hire to allow Hightower to deliver an alternative to vanilla alternative investments.

Tuning its 'machine' business model, Hightower Advisors just hired an ex-Carlyle due-diligence maven for alts investing to offer an alternative to the CAIS and iCapital standard inventory

The $141-billion AUA Chicago aggregator sees a big future of $50-million-and-up UHNW clients, and it want to maximize RIA access to premier alts managers.

August 2, 2022 at 2:24 AM

Tanya Simpson left Schwab's trust unit to head up Hightower's trust company.

Hightower Advisors brings a high-end slice of RIA custody in-house by retrofitting a Texas bank and poaching a Schwabie

The Chicago RIA rollup reports regular wins of UHNW as it hits $100 billion of AUM and holding assets in trust can build on that ultrahigh niche, CEO says

July 22, 2021 at 8:27 AM

Philip Palaveev: Spending time and resources to train the next generation [of leaders] is almost never unsuccessful.

Hightower Advisors pairs 'Moss Adams' whip-crack training with latest (reported) $600 million Goldman Sachs-led capital raise to give organic, and inorganic, growth a better chance

ex-Mark Tibergien protégé, Philip Palaveev, designs failable two-year management program for Hightower advisors, using Fidelity G2 Leadership Institute as a template -- and his marathon career as the teachable metaphor

November 2, 2020 at 10:32 PM

Bob Oros: These were not deals that were almost done and we were just waiting to sign the paperwork.

After becoming a 'Zoom' maestro, Bob Oros spurred Hightower Advisors to close a $1-billion deal a week -- surpassing 2019's total in just over a month

CEO Elliot Weissbluth's replacement spent a year doing housekeeping -- then learning digital due diligence under the sword of COVID-19. But now Oros is loaded with fresh Thomas H. Lee capital, and RIAs like doing business with him

September 4, 2020 at 8:51 PM

Bob Oros:  'We want aligned interest. We want to make sure we're both motivated.'

HighTower spent at least $100 million to buy the love [and revenues] of its own advisors, a key sign an IPO or sale is taking shape, industry observers say

The Chicago roll-up paid top dollar to get virtually all its partners on board and to keep all dealing on the down low as it completes conversion to RIA roll-up from boutique wirehouse mode

June 10, 2019 at 11:20 PM

Abby Salameh will help Hightower-affilated RIAs to market in her new CMO role

New-look Hightower hires Abby Salameh and takes a 'Hurley-style' stake in a $4.8 billion DFA RIA

The Chicago roll-up gets a chief marketing officer who gets RIAs as it becomes part-Dynasty, part- Fiduciary Network in adopting a very 2019 deal structure for LourdMurray

May 3, 2019 at 7:11 PM

Bob Oros: We're going to look at firms we’ve historically looked at as large, and think they’re going to be the ones.

As Bob Oros-led HighTower reboots, it bags an ex-Goldman RIA, hires two, makes a CMO imminent, and clarifies mission

The new CEO will need to somehow weave together the debris of the first roll-up run and the new one to the satisfaction of RIAs and the hundreds of people already inside the HighTower umbrella

March 20, 2019 at 11:32 PM

Bob Oros: I'm just asking for a little time and faith.

Bob Oros starts his CEO life at HighTower Advisors with a town hall meeting and clear authority

The former Fidelity RIA chief now runs his formerly largest RIA client, from Chicago, and with Elliot Weissbluth as chairman, 'inorganic' asset and 'evangelist'

January 8, 2019 at 3:09 AM

John Clendening: We've got a deep bench here, we got a deep bench in HD Vest, we've got a deep bench in Blucora. It's been something that we've been working on behind the scenes.

John Clendening tells analyst who asks about Bob Oros's H.D. Vest departure: 'You can read into that whatever you want to.'

Blucora's CEO was evasive but, for sure, his firm's shares plunged near 40% in the past month after its IBD revenues ticked up only 6%; Oros may never have moved to Texas from Boston CEO

October 31, 2018 at 11:21 PM

John Clendening: The simplest way to satisfy the new DOL rule is to appropriately have clients in fee-based advisory relationships.

How a Schwabian picture is emerging as Bob Oros joins John Clendening as chief of 4,500 underachieving HD Vest reps

Ex-Schwab retail chief Clendening makes the ex-Fido RIA chief his new CEO -- with ambitious plans in an atmosphere of revenue-sharing, variable annuities and commission sales

January 24, 2017 at 12:17 AM

Fidelity can only offer so much to a Gen X talent like Bob Oros

Fidelity begins search for new RIA national sales manager as Bob Oros goes millennial, vacating a prized position

The kids pioneered the mindset but now the Oroses of the world grab quality-of-work, make-a-difference opportunities that their experience allows them to command

January 14, 2017 at 1:51 AM

Bob Oros: The secret sauce is the planning dimension.

How Fidelity's robo for RIAs 'leapfrogged' rivals -- and why the landing might not stick

Fidelity weaves in eMoney wizardry to its super-bot but Geode's presence as de facto CIO stops some RIAs in their tracks

October 26, 2016 at 5:39 PM

John Wotowicz: You have to build brick by brick.

Tiburon CEO Summit goes high as talk turns to FANG factor on days one and two

The once-dismissed prospect that Facebook, Amazon and Google could enter wealth management was back on the front burner as advice business chiefs gathered and Google contributed to a panel

October 12, 2016 at 10:44 PM

Mike Durbin: You get investment in your business because you prove that you're delivering a return for it. And I feel like we're doing that.

After years of work to gain parity with Schwab RIA custody, Fidelity is ready to show fruits of its $250 million move to gain an edge

With ex-Schwabbie Bob Oros in RIA charge, Mike Durbin as leapfrogger-in-chief, and Sanjiv Mirchandani at the big desk, the Boston-based custody division is set to launch its new technology platform

February 3, 2016 at 7:46 PM

Philip Paleveev:  We want them to experience what it feels like to run a firm and make decisions

Philip Palaveev and Bob Oros create Hunger Games-style RIA high jinks for Fidelity execs, then release it for wide consumption

The reality TV-Harvard Business School hybrid throws simulated market crashes, personal tragedies and M&A what-ifs at green FAs to test their mettle and groom them for succession

September 29, 2015 at 10:31 PM

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