In an announcement in regards to the management shuffle, Hightower Chairman and CEO Bob Oros stated Ahluwalia’s and DiBiasio’s appointments, particularly, replicate the agency’s proactive method to progress and scalability: “Hightower Advisors continues to develop its government workforce by including proficient leaders who can help our enterprise and consumer goals.”

With Ahluwalia and DiBiasio’s appointments, “we’re supporting the construction of progress and on the similar time guaranteeing that we are able to proceed to drive momentum for our advisors in a means that’s proactive and scalable,” Oros defined in an announcement shared with ThinkAdvisor.

Due to a string of latest acquisitions — together with a dozen inked in 2023 alone — Hightower’s advisor group now consists of over 140 advisory companies in dozens of states and Washington, D.C. As of Sept. 30, Hightower’s belongings below administration have been roughly $131 billion.

Regardless of the momentum, different latest hiring information from the RIA aggregator agency noticed it lower its employees by about 5%. The layoffs have been utilized throughout the company group however didn’t have an effect on advisors immediately, in accordance with the agency, and there have been no adjustments among the many agency’s executives as a part of the inner changes.

Pictured: Gurinder Ahluwalia