Hightower Takes Stake in $800M Denver Wealth Manager
Hightower announced its sixth strategic investment of the year with a stake in Dechtman Wealth Management, a Denver area-based financial planning and wealth management practice with $800 million in assets.
Financial terms of the deal were not disclosed.
The eight-person team is led by three partners who also are wealth managers, Jordan Dechtman, founder, and his two sons, Sam and Adam.
“I believe its next generation leaders, who have illustrated a strong understanding of digital marketing and how it can be executed for the next generation of clients, really set the Dechtman team apart,” said Hightower chairman and CEO Bob Oros.
In October, the Chicago-based firm made a strategic investment in Financial Planning and Information Services, Inc., a De Pere, WI-based registered investment advisor with over $1.1 billion in assets under management. That same month, Hightower announced it will purchase an 80% stake in NEPC, LLC, an investment consultant and outsourced chief investment officer with about $1.7 trillion in assets under advisement.
In September, an investment was made in Charles D. Hyman & Company, a Ponte Vedra Beach, FL-based registered investment advisor with $2.3 billion in assets under management.
Hightower provides investment, financial, and retirement planning services to individuals, foundations, and family offices, as well as 401(k) consulting and cash management services to corporations. As of June 30, 2024, the firm’s assets under management were approximately $156 billion.
Pictured: Hightower chairman and CEO Bob Oros