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Direct Investment  + M&As  |  September 12, 2024
Hightower Makes Strategic Investment in $2.3B Florida RIA
By: Joe Palmisano

Hightower Makes Strategic Investment in $2.3B Florida RIA 

Hightower has made a strategic investment in Charles D. Hyman & Company, a three decade-old Ponte Vedra Beach, FL-based registered investment advisor with $2.3 billion in assets under management focused on individuals, families, trusts, charitable interests and foundations. 

“Joining Hightower will allow us to add additional operational, regulatory, and technological infrastructure as well as leverage an expanded set of new wealth solutions and services,” said president and founder Charles “Chuck” Hyman. 

Along with Hyman, the team includes Celeste Beale, Jose Hernandez, Chris Gray, and Joy Sadler.  

“Charles D. Hyman & Company has a strong reputation and long history of serving as trusted wealth advisors to families across generations in Ponte Vedra Beach and beyond,” added Hightower Chairman and CEO Bob Oros. 

Chicago-based and Thomas H. Lee Partners-backed Hightower comprises 140 advisory businesses in 35 states and the District of Columbia. The firm provides investment, financial, and retirement planning services to individuals, foundations, and family offices, as well as 401(k) consulting and cash management services to corporations. Hightower’s assets under management were approximately $156 billion as of June 30, 2024. 

In January, Hightower announced the acquisition of Capital Management Group (CMG) of New York, a wealth management and financial planning firm with $3.3 billion in assets and offices in New York City and Pearl River. 

Charles D. Hyman & Company was advised by Jessica Polito, founder of Turkey Hill Management. 

Pictured l to r: Jose Hernandez, Chris Gray, Chuck Hyman, Celeste Beale and Joy Sadler. 

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Inside The Story

HightowerCharles D. Hyman & Company

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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