Hightower Advisors, LLC

Registered investment adviser · Chicago, IL · CRD #145323

Form ADV data as of 2026-09-01

Regulatory assets

$198.58 billion

Total accounts

220,222

Employees

1,983

Disclosure events

Firm details

Website: https://hightowerbethesda.com/
Telephone: 312-962-3800
SEC file number: 801-69625
Most recent Form ADV filing: 2026-08-19
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 7 disclosure questions answered Yes, covering 9 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Another regulator found a violation of investment-related regulations or statutes
Another regulator entered an order in connection with investment-related activity (past 10 years)
Another regulator denied, suspended, or revoked a registration or restricted activity
A self-regulatory organization found a violation of its rules

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$190.40 billion
Non-discretionary regulatory assets under management	$8.17 billion
Total regulatory assets under management	$198.58 billion
Discretionary accounts	210,830
Non-discretionary accounts	9,392
Total accounts	220,222
Regulatory assets under management attributable to non-U.S. persons	$20.37 billion

People

Total employees (excluding clerical)	1,983
Employees performing investment advisory functions (including research)	953
Employees who are registered representatives of a broker-dealer	598
Employees registered as investment adviser representatives with a state	1,011
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	338
Firms or persons who solicit advisory clients on the firm's behalf	77

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$1.23 billion
Clients for whom the firm has custody	645
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	15

How the firm is compensated

A percentage of assets under managementHourly chargesFixed fees (other than subscription fees)Other

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)Other

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Trust companyAccountant or accounting firmInsurance company or agencySponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Brokers or dealers selected under 8.C.(3) are related persons
Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons
Receives soft dollar benefits
Compensates a non-employee for client referrals
Provides employee compensation specifically for obtaining clients

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	33,630	$21.50 billion
High net worth individuals	29,177	$157.43 billion
Banking or thrift institutions	Not reported	$20.1 million
Pooled investment vehicles (other than investment companies and BDCs)	1	$180.6 million
Pension and profit sharing plans (not the participants or government plans)	221	$795.9 million
Charitable organizations	357	$2.78 billion
State or municipal government entities (including government pension plans)	Not reported	$36.0 million
Insurance companies	9	$42.4 million
Corporations or other businesses not listed above	640	$15.79 billion