CHICAGO, Nov. 11, 2013 /PRNewswire/ -- HighTower, the nation's destination of choice for entrepreneurial advisors seeking greater independence and practice control, announces the transition of Klein Wealth Management to the HighTower partnership.
A recognized leader in security analysis, investment management and philanthropic services, Klein Wealth Management is the 39th team to enter the HighTower partnership since the firm's inception in 2008. The team is helmed by Peter J. Klein, CFA, who joins HighTower as a Partner and Managing Director.
"When Peter and his team made the decision to join HighTower, we mobilized our deep resources during what has typically been a quiet time for advisor movement," said Mike Papedis, Executive Vice President of HighTower. "HighTower is committed to seeking out the nation's leading advisors with complementary expertise to strengthen our partnership and maintain a steadfast course that is bold, ambitious and singularly focused on our clients' success."
Melville, NY-based Klein Wealth Management specializes in developing tax-efficient and financially prudent strategies for high-net-worth individuals and families, corporations and private foundations to realize their philanthropic goals. Mr. Klein outlined his best practices for managing charitable foundations in A Passion for Giving: Tools and Inspiration for Creating a Charitable Foundation, published by Wiley in 2012. He was previously a Senior Vice President of Investments at UBS, and joined UBS predecessor firm Paine Webber in 1994. Mr. Klein holds an MBA in finance from CUNY Baruch College and a Bachelor of Arts in economics from Stony Brook University.
"HighTower is the clear choice for our practice, supporting not only our business and our clients, but aligned with the values that drive our philanthropic focus," said Mr. Klein. "We are ending this year and looking ahead to 2014 with the support of a partnership that allows us to build a practice we're passionate about, while sharing our insights and experience with some of the nation's leading advisors."
Klein Wealth Management oversees over $210 million in client assets. In addition to Mr. Klein, the practice consists of Director of Client Service, Jane E. Voorhees.
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HighTower is a national, advisor-owned financial services company serving high-net-worth and institutional clients. HighTower advisors are experienced investment professionals with large and established practices. As a dually-registered, multi-custodial firm, HighTower provides sophisticated investment solutions as well as an independent and unobstructed view of the markets. The company is headquartered in Chicago and maintains corporate centers in New York and San Francisco and offices across the country. See www.hightoweradvisors.com.