RIA Hightower Advisors has made a strategic investment in Lindbrook Capital, a 10-person financial planning and wealth management practice with about $3.8 billion in assets under management and offices in New York, Los Angeles and Calabasas, California.
The Lindbrook team is led by managing partners Benjamin Posen and Tyler Dritz, in collaboration with partner Lee Samson.
“We have known the principals at Lindbrook Capital for more than a decade and are excited for them to join Hightower,” said Bob Oros, Hightower's chair and CEO. “Under the seasoned management of Ben and Tyler, the team has built an impressive business with an attractive client base that includes some of today’s top business and entertainment executives.”
The investment in Lindbrook Capital marks Hightower’s first minority stake of 2025.
“We thought long and hard about our options and determined Hightower is the right partner. We aren’t interested in being a serial acquirer, and we had to preserve the culture and investment autonomy that our clients expect from Lindbrook,” Posen said.
RIA Hightower Advisors’ operations include value-added services, such as an in-house trust company and a wholly owned CPA practice, as well as over 140 advisory businesses. Assets under management for the firm and its affiliates were roughly $168 billion as of Dec. 31.
“In Hightower, we found a partner that could help us streamline non-core functions and created a path for us to be meaningfully rewarded as our clients grow along with us,” Dritz said.
Pictured: Bob Oros
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