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Hightower Advisors

SEC-registered adviser since 2008Chicago, ILCRD 145323

$198.6B
AUM
64,035
Clients
See fees
Fee
953
Advisory staff

From Form ADV filed 3 September 2026 · data retrieved 15 October 2026SEC record

Hightower Advisors is an investment adviser headquartered in Chicago, Illinois, and registered with the SEC since 2008. Its clients include high-net-worth individuals, other individuals, and corporations and other businesses. High-net-worth individuals account for 79% of its regulatory assets under management.

Its services include financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, and selecting other managers. Fee arrangements include a percentage of assets under management, hourly charges, fixed fees and other arrangements. Hightower Holding, LLC owns 75% or more of Hightower Advisors, and Lawrence Restieri is its CEO.

Clients

Hightower Advisors serves 64,035 clients, 29,177 of them high-net-worth individuals. The average client has about $3.1 million with the firm, and high-net-worth clients hold 79% of its $198.6 billion in assets.

Regulatory assets by client type
  • Individuals33,630 clients11%
  • High-net-worth individuals29,177 clients79%
  • Corporations and other businesses640 clients8%
  • OtherBanking or thrift institutions, Pooled investment vehicles, Pension and profit-sharing plans, Charitable organizations, State or municipal government entities, Insurance companies2%

What it does

Hightower Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers and other activities. It is paid through a percentage of assets, hourly charges, fixed fees and other arrangements.

Hightower Advisors provided financial planning to 24,000 clients last fiscal year and advises 1 private funds.

95.9% of assets ($190.40B across 210,830 accounts) are managed with discretion; $8.17B across 9,392 accounts are not. $50.44B sits in a wrap fee program the firm both sponsors and manages. 10% of clients are outside the U.S., and 500 clients received advice without assets under management last fiscal year.

Show the full table
Individuals (other than HNW)33,630
Regulatory AUM
$21,497,189,895
Share
10.8%
Avg. per client
$639K
High-net-worth individuals29,177
Regulatory AUM
$157,427,049,195
Share
79.3%
Avg. per client
$5.40M
Banking or thrift institutionsNot reported
Regulatory AUM
$20,095,760
Share
0.0%
Avg. per client
—
Pooled investment vehicles1
Regulatory AUM
$180,634,816
Share
0.1%
Avg. per client
$180.6M
Pension and profit-sharing plans221
Regulatory AUM
$795,927,811
Share
0.4%
Avg. per client
$3.60M
Charitable organizations357
Regulatory AUM
$2,783,886,100
Share
1.4%
Avg. per client
$7.80M
State or municipal government entitiesNot reported
Regulatory AUM
$35,967,619
Share
0.0%
Avg. per client
—
Insurance companies9
Regulatory AUM
$42,403,003
Share
0.0%
Avg. per client
$4.71M
Corporations and other businesses640
Regulatory AUM
$15,793,855,084
Share
8.0%
Avg. per client
$24.7M
Total64,035

What the accounts hold

Separately managed account assets by class, year end
  • Stocks30%
  • Funds46%
    • Registered funds41%
    • Pooled vehicles5%
  • Bonds17%
    • U.S. government and agency bonds6%
    • State and local bonds6%
    • Investment grade corporate bonds5%
  • Cash7%

Custodians

Hightower Advisors’ client accounts are held mainly at Fidelity, with 20% of managed assets, and Charles Schwab, with 16%. Hightower Advisors has custody of $1.23B for 645 clients.

Managed account assets by custodian
  • FidelityFidelity Brokerage Services LLC · Boston, MA · $40.15B20%
  • Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $31.22B16%
  • PershingPershing Advisor Solutions LLC · Jersey City, NJ · $16.24B8%
  • All other custodians$110.96B56%

Ownership and leadership

Hightower Holding, LLC owns 75% or more of Hightower Advisors, and Lawrence Restieri is its CEO.

Who owns the firm
Hightower Advisors, LLC· the adviser

  • Hightower Holding, LLC

    Control person · since April 2008

    Owns 75% or more of Hightower Advisors, LLC

Leadership

  • Lawrence Restieri
    Chief Executive Officer
  • Daniel Berg
    Chief Financial Officer
  • Patrick Dunne
    Chief Operating Officer
  • Michael Bernardo
    Chief Compliance Officer
  • Douglas Besso
    Chief Technology Officer
  • Barry Coviello
    National Director of Field Supervision
  • Scott Hadley
    Chief Advisory Officer
  • Barrett Lopez
    General Counsel, Corporate and M&a
  • Jyothi San Juan
    Executive Director, Compliance
  • Jared Schwartz
    Chief Risk Officer

Staff

  • 1,983 employees
  • 953 in advisory functions
  • 1,011 state-registered reps
  • 598 broker-dealer reps
  • 338 insurance agents
  • 77 soliciting firms

Reported holdings

Hightower Advisors’ reported 13F holdings total $104.13B across 3,798 positions, and the ten largest make up 19.0% of it.

$104.13B
Reported 13F value
3,798
Positions
19.0%
In the 10 largest
+10.5%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Apple Inc.3.2%
  2. Johnson & Johnson2.4%
  3. iShares TR · Core S&P500 ETF2.4%
  4. State Str SPDR S&P 500 ETF T · TR Unit1.9%
  5. Vanguard Index Fds · S&P 500 ETF Shs1.8%
  6. Microsoft Corp.1.8%
  7. Nvidia Corporation1.4%
  8. Berkshire Hathaway Inc. Del · CL A1.4%
  9. Amazon Com Inc.1.4%
  10. Alphabet Inc. · Cap Stk CL A1.3%

Together, the ten largest are 19.0% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 5 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $104.13B is not its $198.58B in regulatory assets and does not represent any individual client's portfolio.

Fees

Hightower Advisors is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and other.

Hightower Advisors’ fee rates are not included in this profile. Read its fee schedule in its SEC-filed brochure.

Offices and registrations

Besides its headquarters, Hightower Advisors has 132 offices (1 private residence, listed without an address), with 153 listed addresses across 34 states.

Listed office addresses by state

Illinois · 12 listed addresses

  • 200 W. Madison ST., Suite 2500, ChicagoHQ
  • 201 N. Constitution DR., Aurora
  • 321 N. Clark, Chicago
  • 1130 W Lake Cook RD, Buffalo Grove
  • 2990 N. Perryville RD, Rockford
  • 1051 Perimeter Drive, Ste 1125, Schaumburg
  • 200 West Main Street, ST Charles
  • 1901 Butterfield Road Suite 1000, Downers Grove
  • 2211 York Road Suite 310, Oak Brook
  • 1 N.franklin Suite 1250, Chicago
  • 500 Lake Cook Road, Deerfield
  • 707 Skokie BLVD Suite 220, Northbrook

Other business names

Hightower Advisors has reported 90 other business names to the SEC.

  • 2/13 Strategic Partners
  • 6 Meridian
  • Alexandria Capital
  • Aline Wealth Management
  • Altium Wealth Management
  • Argent Wealth Management
  • Bel Air Investment Advisors
  • Bickling Financial Services
  • Blanke Schein Wealth Management
  • Bluerock Wealth Management
  • Capital Management Group | of New York
  • Charles D. Hyman & Company
  • Clarity Point Financial Partners
  • Clear Perspective Advisors
  • Cognetic Capital Advisors
  • Crest Capital Advisors
  • D3 Wealth Partners
  • Dechtman Wealth Management
  • Egan Wealth Advisors
  • Falcon Wealth Advisors
  • Farr, Miller and Washington
  • Feinberg Stein Financial Services
  • Financial Planning and Information Services
  • Financial Principles
  • Fischer Stralem Advisors
  • Green Square Wealth Manangement
  • Hierax Wealth Partners
  • Highland Private Wealth Management
  • Hightower Austin
  • Hightower Bellevue
  • Hightower Bethesda
  • Hightower Buffalo
  • Hightower Fort Myers
  • Hightower Lakewater
  • Hightower Las Vegas
  • Hightower Naples
  • Hightower Omaha
  • Hightower Signature Wealth
  • Hightower Texas
  • Hightower Westchester
  • Hill Wealth Management
  • Hummer Mower Associates
  • Investment Security Group
  • LCK Wealth Management
  • LK Wealth & Asset Management
  • LRG Wealth Advisors
  • Landsberg Bennett Private Wealth Management
  • Lindbrook Capital
  • Lourdmurray
  • Lyon Wealth Management, Inc.
  • Meyer Capital Group
  • Morgia Wealth Management
  • Morse, Towey, White & Hoffman
  • Murray Wealth Management
  • Natoma Wealth
  • Nucleus Advisors
  • Onearc Capital Advisors
  • Osborn, Williams, & Donohoe
  • PDS Wealth Management
  • Presidio Wealth Partners
Show all 90 names
  • RJ Wealth Management
  • Resolute Independent Advisors
  • Resource Consulting Group
  • Rose Advisors
  • Schultz Collins
  • Shaffer Wealth Management
  • Siller & Cohen
  • Simmons Investment Advisors
  • Smith Anglin Financial
  • Strata Wealth Partners
  • Synergy Capital Solutions
  • Teak Tree Capital Management
  • Ten Capital Wealth Advisors
  • The Bahnsen Group
  • The Deggelman/Parker Group
  • The Dillig Group
  • The Hausberg Group
  • The Kelly & Wohlner Group
  • The Lerner Group
  • The McGuirk & De Nevi Group
  • The Otto Group
  • The Rand Group
  • Treasury Partners
  • Twickenham Advisors
  • VWG Wealth Management
  • Vigilant Wealth Management
  • WB Wealth Management
  • Wealthtrust Advisors
  • White Pine Wealth Management
  • Wolf-Collins Wealth Management

Registration details

Legal name
Hightower Advisors, LLC
Headquarters
200 W. Madison ST., Suite 2500, Chicago, IL 60606
Phone
312-962-3800
Website
www.hightoweradvisors.com
SEC file
801-69625
Founded
2008
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Hightower Advisors have?

Hightower Advisors has 64,035 clients and manages $198.6 billion for them, as of September 2026. They include 33,630 other individuals, 29,177 high-net-worth individuals and 640 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 September 2026

What services does Hightower Advisors offer?

Hightower Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, selecting other managers and other activities.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Hightower Advisors use?

Hightower Advisors’ separately managed account assets are held at Fidelity Brokerage Services LLC (Boston, MA), with $40,149,541,012, Charles Schwab & Co., Inc. (San Francisco, CA), with $31,224,916,834 and Pershing Advisor Solutions LLC (Jersey City, NJ), with $16,241,585,825. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 September 2026

How many financial advisors does Hightower Advisors have?

Hightower Advisors has 1,011 investment adviser representatives registered with state securities authorities, out of 1,983 employees, and 953 perform investment advisory functions. 598 are registered representatives of a broker-dealer and 338 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Hightower Advisors invest in?

At the end of its last fiscal year, Hightower Advisors’ separately managed accounts held 41% registered funds (mutual funds, ETFs, BDCs), 30% exchange-traded equities, 7% cash and equivalents, 6% U.S. government and agency bonds, 6% state and local bonds, 5% investment grade corporate bonds and 5% pooled vehicles (private funds and similar). It advises 1 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Does Hightower Advisors have a minimum investment?

No, Hightower Advisors has no minimum account size.

Source: Part 2A brochure, Items 5 and 7

Who owns Hightower Advisors?

Hightower Advisors is owned through a chain of holding companies by THL HT Parallel SPV, L.P. and THL HT SPV, L.P. Its direct owner is Hightower Holding, LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 3 September 2026

How does Hightower Advisors get paid?

Hightower Advisors is paid through a percentage of assets under management, hourly charges, fixed fees and other arrangements. Its Form ADV lists no commissions or performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 3 September 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. Form ADV Part 2A brochure, dated 19 August 2026. Items 4, 5, 7, 12 and 15.
  3. IAPD firm record, CRD 145323.
  4. Form 13F-HR, filed 5 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since. The logo is reproduced for identification from Hightower Advisors, website.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Hightower Advisors, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.