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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 
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 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.