Hightower Stakes $800M Denver Wealth Firm

By John Manganaro

News December 12, 2024 at 03:44 PM

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Hightower has made a strategic investment in Dechtman Wealth Management, an $800 million financial planning firm based in Denver.

The team of eight is led by three partners who also are wealth managers. They include Jordan Dechtman, the founder, and his two sons, Sam and Adam. Their practice focuses on holistic financial guidance, retirement income planning, tax and estate planning, and Social Security analysis.

In a statement, Hightower's chairman and CEO, Bob Oros, cited the firm’s “strong and long-standing reputation … for putting its clients’ needs first” as a key driver of the investment.

A spokesperson for Hightower declined to offer details about the terms of the transaction.

“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,” Oros said.

Dechtman Wealth Management is the sixth strategic investment for Hightower in 2024. Its backing offers both capital and access to resources including a national in-house trust company and a wholly owned accounting practice operating as a tax subsidiary.

“Joining Hightower will enable our team to continue operating this way and provide access to a host of additional tools and services to help benefit our community,” Jordan Dechtman said.

The Hightower advisor network now comprises 140 advisory businesses in 35 states and the District of Columbia. The group’s assets under management are about $156 billion.

Pictured: Bob Oros

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