Dechtman Wealth Management specialises in providing financial guidance, retirement income strategies, tax and estate planning, as well as Social Security analysis. Credit: LALAKA/Shutterstock.

Hightower Advisors has expanded its foothold in the US with an investment in Denver, Colorado-based Dechtman Wealth Management.

Financial details regarding the investment were not disclosed.

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The addition of the Denver financial planning and wealth management business marks Hightower’s sixth strategic investment in 2024.

Dechtman specialises in financial guidance, retirement income planning, tax and estate planning, and Social Security analysis.

The company has $800m in assets, with founder Jordan Dechtman and his sons Sam and Adam Dechtman at the helm.

Dechtman founder and senior wealth manager Jordan Dechtman said: “We operate on four basic principles – always do what is best for the client, provide a straight-forward cost, have transparent communication, and treat clients with care and respect.”

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The addition of Dechtman brings the total number of advisory businesses within the Hightower community to 140, spread across 35 states and the District of Columbia.

An SEC-registered RIA, Hightower aids organic and inorganic growth through an array of services.

These services include business development consulting, technology, marketing and human resources support, investment management resources, accounting, sourcing, valuation, and deal structuring.

Hightower chairman and CEO Bob Oros said: “Dechtman Wealth Management has a strong and long-standing reputation in Denver for putting its clients’ needs first with comprehensive and personally tailored financial plans.

“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.”

As of 30 June 2024, Hightower managed around $156bn in assets.

In October this year, the company invested in Wisconsin-based Financial Planning and Information Services (FPIS), marking its fifth strategic investment of the year.