RIA consolidator Hightower Advisors has made its second investment of 2025, taking a minority stake in Smith Anglin — a financial planning and wealth management group in Dallas with about $2 billion in assets and 34 team members serving the aviation industry.
“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,” said Hightower Chair and CEO Bob Oros, in a statement.
“We’re looking forward to helping them accelerate their growth as a respected aviation brand in the wealth management space,” he added.
The news comes a week after Hightower acquired a minority stake of Lindbrook Capital, a 10-person wealth group with roughly $3.8 billion in assets and offices in New York, Los Angeles and Calabasas, California.
“Our focus has always been on delivering wealth management for life, and our advisors work diligently to help our clients achieve their goals, dreams, and financial security,” according to Steve Anglin, partner at Smith Anglin.
“We’re really excited to be able to take advantage of Hightower’s resources, including its integrated tech stack and value-added services, which will allow us to continue to grow our business and help deliver on our mission to secure the financial well-being of our clients over the course of their lives,” Anglin said.
Chicago-based Hightower’s operations include a national in-house trust company, business owner specialty services and inorganic growth support. It now includes 140 advisory businesses across the U.S. As of June 30, the RIA’s assets under management were about $156 billion.
Pictured: Hightower CEO Bob Oros
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