Oros Returns As President Of Alternative Investment Platform Company

Charles Paikert

25 March 2026

Bob Oros isn’t finished yet.

The well-traveled industry executive, most recently CEO of RIA behemoth Hightower Advisors, has been named president of PPB Capital Partners, a 21-year old alternative investment platform.

Oros’ stops on the financial services circuit over three-plus decades have included senior executive roles at Charles Schwab, HD Vest , Fidelity Institutional Wealth Services, and LPL Financial.

Tapped by Hightower’s private equity majority owner Thomas H Lee Partners to succeed founder Elliot Weissbluth in 2019 and exiting last year to make way for former Goldman Sachs veteran Larry Restieri, Oros oversaw a period of rapid growth at the RIA aggregator.

Impressive run
Pivoting from a strategy of recruiting advisory teams away from large brokerages, to becoming a serial buyer, Oros green lit approximately 50 M&A transactions. By the time Oros left last February, Hightower’s assets under management had climbed to more than $150 billion, making it one of the 10 largest advisory firms in the country. Along the way, Hightower also bought an 80 per cent stake in NEPC, a leading investment consultant with around $1.7 trillion in assets under advisement.

The affable executive was also charged with changing Hightower’s business model from revenue sharing with advisors to direct control. Oros’ success at Hightower was all the more impressive because he was given “a very tough hand to play,” said industry consultant Alois Pirker.

But Oros’ reign was not all smooth sailing.

TH Lee’s failure to secure funding in the market for a majority stake in Hightower in 2024 was a major disappointment for the firm’s private equity backer. Hightower also lost a high profile court case centering on restrictive covenants when a US District Court judge ruled that a non-compete clause in a former advisor’s contract was void under California law.

New gig
At PPB, Oros will work alongside founder and CEO Brendan Lake to lead the firm’s business operations and infrastructure, strengthening the platform, service model, and capabilities that help advisors access and implement private markets investments.

Oros joined PPB as vice chairman of the company’s board of directors in September. “After joining the board, and with a closer look at the firm, I realized there was an opportunity to contribute more deeply to strengthening the infrastructure and resources.” he said.

“At this point in my career, I’m not looking to take over a company,” Oros added. “What excites me is being part of a firm that helps advisors succeed. PPB has built a platform that already delivers tremendous value to advisors, and the opportunity now is to expand the capabilities and infrastructure that help them serve clients and grow their businesses.”

Lake said he saw firsthand how Oros “quickly made positive operational changes to support advisor partners and drive significant growth” at Hightower.

“The most effective founders know when it’s time to bring in someone with deeper operational experience to aggressively capitalize on each opportunity, and I look forward to working alongside Bob to achieve our goals,” Lake said.