Bel Air Investment Advisors, a Century City wealth management firm exclusively serving high-net-worth individuals, families and foundations, announced a slew of hires as the firm hits its 25-year anniversary this month.

Richard Ratner and Joseph Rosol join as senior vice presidents. Ratner previously worked in the commercial real estate industry, including as a senior vice president at CRBE Group Inc. in Los Angeles. Rosol joins after almost 15 years as a wealth advisor at Beverly Hills-based Acacia Wealth Advisors.

Beyond client-facing investment advisors, Bel Air also hired Allen Kim as the director of its investment strategy group after serving as a director of manager research and investment solution at the Century City investment management firm Kayne Anderson Rudnick.

Bel Air is expanding its leadership team while several wealth management firms enter the Los Angeles market and court the growing number of millionaires in the region.

While larger financial institutions operate advisory arms with hundreds of employees, Bel Air markets as a boutique firm with an “open architecture framework” for an exclusive enclave of clients who must have at least $20 million in investable assets. The firm now oversees more than $10 billion in assets.

“This milestone is a testament to the dedication and trust our clients have placed in us over years,” said Bel Air’s founder and chairman Todd Morgan. “Since our founding, we have not wavered from our founding mission of meeting the personalized needs of our clients. We are grateful for their continued support as we continue scaling our investment platform.”

Bel Air was acquired by Chicago-based Hightower Advisors LLC two years ago, becoming its largest registered investment advisor firm since it began acquiring firms across the country in 2019. Hightower bought Bel Air from Montreal-based Fiera Capital Corp., which previously bought Bel Air in 2013.