Hines Rebrands Its Affiliated Broker-Dealer ‘Hines Private Wealth Solutions’

Hines, a global real estate investment manager, announced that its broker-dealer affiliate Hines Securities Inc. has been renamed Hines Private Wealth Solutions LLC. The company says the rename better emphasizes its “investor-centric approach and range of offerings available to individual investors.”

As reported by The DI Wire in February 2024, Hines announced the hiring of industry veteran Paul Ferraro, formerly head of Carlyle Private Wealth, to lead its global private wealth strategy. Hines says the Hines Private Wealth Solutions rebrand reflects his approach to reframe the business to “better represent its commitment to offering quality products with a variety of investors and their particular investment goals in mind.”

“Our private wealth platform is the culmination of two decades’ worth of evolution and innovation,” noted Ferraro, global head of private wealth for Hines. “Hines Private Wealth Solutions makes our multifaceted, solutions-based approach crystal-clear.”

While the company said that Hines Private Wealth Solutions will be shaped by Ferraro’s overarching vision, they made it clear that Mark Earley – the long-time head of their affiliated broker-dealer – remains in his role focused on its Americas business.

“While Hines has had great success in attracting individual investors to our strategies to date, we see vast untapped potential ahead of us,” said David Steinbach, global chief investment officer at Hines. “We believe investors are increasingly seeking greater diversification within their portfolios, and Hines is well-positioned to help them achieve their optimal investment mix and address a variety of financial needs through the power of real estate investing.”

As of Dec. 31, 2023, the private wealth platform has raised over $10.7 billion through an array of offerings, including non-traded real estate investment trusts, private placements, and tax-deferred exchanges. It recently expanded its business to bring opportunities to Canadian and Latin American investors and intends to broaden its investor base further abroad.

Hines was founded in 1957 and now operates in 30 countries. It manages a $93.2 billion portfolio of high-performing assets across residential, logistics, retail, office, and mixed-use strategies. It is committed to a net zero carbon target by 2040 without buying offsets.

For more Hines news, please visit their directory page.