Robert A. Picard

Grateful for the generous words @Stephanie_Link! AI is reshaping markets faster than the headlines can keep up. Yes, there’s been stress in parts of the private credit market, but it’s part of a much bigger technology shift, not a sign that something is fundamentally broken.

@Stephanie_Link Thank you, Stephanie, for the generous mention! Private credit is a space we think about constantly on behalf of our clients and practices across @HightowerAdvsor, and happy to be a resource.

Hightower Advisors piece on what is going on in private credit. @robpicard is the best in the business hightoweradvisors.com/blogs/well-th-…

@DWeisburd Thank you David Weisburd, for making our conversation so easy on how access, diversification, and technology are redefining the wealth management landscape.

BREAKING: Robert Picard on Private Markets, AI, and the Future of Wealth Management From $324B in assets at Hightower to how AI will disrupt advisors — this conversation is loaded with insight. Highlights from my conversation with Robert Picard (00:00) The $324B empire behind Hightower (00:31) Why Hightower acquired NEPC — and what it unlocks for clients (02:21) Why institutions and individuals should build portfolios differently (04:57) 91 % of $100 M revenue companies are still private (06:45) How technology is democratizing private markets (08:19) The new 60/40 for private markets investors (12:59) Why illiquidity might be your best friend in a crash (22:23) How AI is already disrupting asset managers (29:21) How independent advisors are beating wirehouses (48:50) 35 years of investing — his one timeless career lesson 🎥 Full episode below 👇

Thank you to @DavidWeisburd, host of the “How I Invest” podcast, for an engaging conversation on how access, diversification, and technology are redefining the wealth management landscape.

@LuggageForward Not sure what’s going on but it appears that my luggage is missing. We’ve received no response despite emailing and phone calls. : 124354545 This is unacceptable and want to know where my luggage is located.

Hightower’s Picard on the power of the platform alternativeswatch.com/2024/06/05/hig…

Are we at a transformational point in the private markets landscape? I had the pleasure of joining @LawrenceCalcano and @michaelsidgmore on the Monthly Alts Pulse to discuss this moment in time. Perfect to watch during your weekend travel!

@novogratz There is a whole business of legal grift built around charities (and general fundraising) hbo.com/telemarketers#

How is this not illegal??? 🇺🇸 INVESTIGATIVE REPORT REVEALS THE TOP 10 WORST CHARITIES IN THE U.S. The analysis by the Tampa Bay Times and the Center for Investigative Reporting is based on the last decade of federal tax filings. It shows a surprising portion of donations are consumed by solicitors. 1.Kids Wish Network: Only 2.5% of the $127.8 million raised goes to direct cash aid. 2.Cancer Fund of America: A mere 0.9% of $98 million aids those in need. 3.Children's Wish Foundation International: 10.8% of $96.8 million serves the intended. 4.American Breast Cancer Foundation: Allocates 5.3% of $80.8 million to direct aid. 5.Firefighters Charitable Foundation: 8.4% of $63.8 million reaches beneficiaries. 6.Breast Cancer Relief Foundation: Directs 2.2% of $63.9 million to aid. 7. International Union of Police Associations, AFL-CIO: Only 0.5% of $57.2 million goes to direct cash aid. 8.National Veterans Service Fund: 7.8% of $70.2 million actually helps veterans. 9.American Association of State Troopers: Puts 8.6% of $45 million towards direct assistance. 10.Children’s Cancer Fund of America: Gives 5.3% of $37.5 million to those in need. Source: Tampa Bay Times & The Center for Investigative Reporting

@artisanchocolat Have still had NO UPDATE on order #103502 submitted last weekend. This is quite unfortunate. Please advise assp

@VibeePresents @Aldamarmo @U2 @SphereVegas Still nada. Clock is ticking

@robpicard @Aldamarmo @U2 @SphereVegas Looking into this for you now. Thanks for your patience.

Weekend 1 = done. #U2 #Sphere #LasVegas #Repost

@klcam42 @VibeePresents @U2 @SphereVegas Same here. I still have not received tickets for Oct. 14th show despite @VibeePresents asking for calm and patience. Figure it’s time to let others @BrooksAD and @enews do some reporting as I’m sure it will generate clicks

@VibeePresents @Aldamarmo @U2 @SphereVegas I haven’t received a reply yet to either post, email or DM. Please advise.

@Aldamarmo @U2 @SphereVegas Just sent you a reply!

@VibeePresents @U2 @SphereVegas Still waiting on tickets for Oct. 14 show! Absolute disaster (@fyrefestival and/or @FyreFraud)

@BeschlossDC I was there across from the WTC at One Liberty Plaza. The whole building shuddered and lights dimmed momentarily. We knew something catastrophic happened. Outside on the plaza, all commuters were gazing upwards in shock

Especially to explain to younger people who can't remember September 11, 2001, does anyone have a memory of learning the news that day that you wish to share?

@jefielding You aren’t investing in the company. You are investing in people. People make the company

I recently passed on a company because I didn't like the founder. BUT, I have strong feeling that the company will be successful. Founder was not awful, offensive or shady, just kinda arrogant and entitled, not my vibe. But if my job is returning capital to LPs and I believe this founder can be successful and within our thesis, should I be investing anyway? I struggle with this...

On @michaelseidgmore’s podcast Alt Goes Mainstream, I had the opportunity to talk about my passion for the space and how advisors at Hightower interested in alts can tap into the Investment Solution team’s resources. Check it out!

2/ @HightowerAdvsor's @robpicard & I had a fascinating conversation: * Evolution of alts over past 30 years. * What he looks for in a fund manager. * How investors can have an edge in alts. * The @HightowerAdvsor DNA.

On @michaelseidgmore’s podcast Alt Goes Mainstream, I had the opportunity to talk about my passion for the space and how advisors at Hightower interested in alts can tap into the Investment Solution team’s resources. Check it out!

Excited to join @HightowerAdvsor and join @Stephanie_Link and @oros_bob grow Hightower Alternative Invesmtent Solutions=> Fun