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Direct Investment  + Financial Advisory  + M&As  + RIAs & Financial Advisors  + Wealth Management  |  May 22, 2025
Hightower Makes Strategic Investment in $2B Wealth Manager 
Joe Palmisano
By: Joe Palmisano

Hightower Makes Strategic Investment in $2B Wealth Manager 

Hightower has made a strategic investment in Smith Anglin, a Dallas, Texas-based financial planning and wealth management firm managing approximately $2 billion in assets. Established in 1967, the 34-person Smith Anglin team specializes in retirement and tax preparation services, primarily for the aviation industry. 

This investment marks Hightower’s second strategic move in 2025. Bob Oros, Hightower’s Chairman and CEO, stated, “We are really excited to welcome the team at Smith Anglin to Hightower. The storied organization has built a distinct business model and client focus, with deep experience serving the airline industry, and has demonstrated impressive organic growth over the last few years.”   

Hightower now supports over 140 advisory businesses across 35 states and Washington, D.C., providing investment, financial, and retirement planning for individuals, foundations, and family offices, alongside 401(k) consulting and cash management for corporations. As of December 31, 2024, Hightower and its affiliates managed approximately $156 billion in assets. 

Smith Anglin was advised by Berkshire Global Advisors LP, with legal counsel from Scheef & Stone, LLP. Hightower was represented by Polsinelli PC.  

Read More News Stories About: Hightower Advisors
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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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