Hightower Adds Ex-Pershing CEO and Green Square Exec to Board

"Central to Hightower's business model is the belief that financial advisors are entrepreneurs at heart … ," Dolly said in a statement. "As a new board member, I am excited to support Hightower in its mission to further scale its value-added services for advisors, freeing up their time to deepen and extend their client relationships and grow profitability. I look forward to contributing to the next chapter of Hightower's growth."

Horn also brings more than 30 years' experience in financial services to Hightower's board. The ultra-high net worth wealth management business he leads joined Hightower in April 2019. It has since grown its assets under advisement by over $900 million to $3.8 billion.

"We are also delighted to be adding to our board a highly successful Hightower advisor, Darrell Horn, who will share his first-hand experience driving organic growth and work to nurture entrepreneurship throughout the Hightower community," Oros explained in a statement.

For his part, Horn said he's "honored and excited to be joining the board to provide an advisor's perspective on new services and solutions."

In addition to Oros, Dolly and Horn, other Hightower board members are: Gurinder Ahluwalia, executive advisor to Thomas H. Lee Partners and co-founder and CEO of 280 CapMarkets; Moss Crosby, co-founder and managing director, Twickenham Advisors; Ganesh Rao, managing director, Thomas H. Lee Partners; Richard Saperstein, managing director, principal & CIO, Treasury Partners at Hightower; and Ed Shahnasarian, principal, Thomas H. Lee Partners.

Hightower has 115 advisory businesses in 33 states. As of year-end 2020, it had about $102.5 billion in assets under administration and $79.6 billion in assets under management.

— Related on ThinkAdvisor: Pershing Names New CEO as Dolly Steps Down