Updated
Updated · Wealth Management · Jun 29
Hightower President Roberto Stewart Resigns After Less Than 3 Months
Updated
Updated · Wealth Management · Jun 29

Hightower President Roberto Stewart Resigns After Less Than 3 Months

1 articles · Updated · Wealth Management · Jun 29

Summary

  • Roberto Stewart is leaving Hightower as president and chief business officer less than three months after joining in April, with the firm saying he stepped down for personal reasons.
  • Hightower said Stewart will work with the leadership team on a smooth transition and that a replacement will be named in the near future.
  • Stewart had been hired to lead enterprise services and oversee Hightower One, the firm's new back- and middle-office platform meant to support its next phase of growth.
  • That platform was slated to begin onboarding Signature Wealth advisors' clients this summer, tying Stewart's abrupt exit to a key rollout in Hightower's broader W-2 employee-channel strategy.

Insights

Can Hightower's crucial growth strategy succeed after losing its architect just months before a key launch?
How will a key leader's departure impact Hightower's valuation as a multi-billion dollar sale looms?