CHICAGO–(BUSINESS WIRE)–BDO USA, LLP, one of the nation’s leading accounting and advisory firms, today announced the addition of eight professionals from Lowery Asset Consulting, LLC, a Chicago-based, employee-owned investment consulting firm that advises on retirement plans, nonprofits, and private wealth. This combination will further strengthen and expand the range of services within BDO Wealth Advisors, LLC, an advisory business that assists clients in managing myriad aspects of wealth. The combination is subject to customary closing conditions and is expected to be completed on or about October 16.
“Lowery Asset Consulting’s comprehensive, research-driven approach will complement BDO’s Wealth Advisory practice as we continue to expand our firm’s holistic approach to investment services,” said Stephen Ferrara, COO of BDO USA. “Wealth advisory clients require a team that has the right resources, dedication and guidance for every step of their journey, regardless of the complexity of their situation. We are proud to welcome the professionals at Lowery Asset Consulting to our firm, and we look forward to adding their similar investment-centered culture and client-focused approach as we build our wealth management presence in Chicago.”
Founded in 2002, Lowery Asset Consulting, LLC is an investment consulting firm that offers financial planning, asset allocation, investment research, portfolio performance monitoring and risk management. As an independent group of client-centric advisors, Lowery provides clients with market informed judgment, unbiased guidance, proactive consultation and complete transparency. In addition, Lowery possesses deep knowledge of alternative investments.
With this expansion, Lowery Asset Consulting, LLC’s services and relationships bring new opportunities to BDO USA for existing and potential clients. This includes adding 401(k) plan sponsor investment advisory capabilities to BDO Wealth Advisory’s service offerings and expands the firm’s ability to advise insurance companies, private endowments and high net worth individuals.
“BDO USA’s proven track record of asset management experience provides a perfect home for our interdisciplinary approach to investment consulting. I’ve long admired BDO’s like-minded focus on their people, and we look forward to collaborating with partners and professionals that lead by example and live BDO’s values,” said William Lowery, CEO of Lowery Asset Consulting, LLC. “For nearly 20 years our firm has delivered results for leading public and private companies, non-profit organizations, and high net worth as well as individual clients. In this ever-shifting tax and regulatory environment, our clients require a comprehensive approach that places investment advisors and tax advisors on the same team. We look forward to bringing our independent, open-door approach to sustainable long-term growth to the Wealth Advisory practice at BDO USA.”
Lowery Asset Consulting, LLC’s employees will relocate to the BDO Downtown Chicago Office at 330 N. Wabash.
About BDO Wealth Advisors, LLC
BDO Wealth Advisors, LLC is registered as an investment adviser with the Securities and Exchange Commission.
Wealth advisory services within the United States are offered exclusively through BDO Wealth Advisors, LLC, a separate legal entity and affiliated company of BDO USA, LLP, a Delaware limited liability partnership and national professional services firm. Certain wealth advisory services may not be available to attest clients of BDO USA under the rules and regulations of public accounting.
About BDO USA
BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, and advisory services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of skilled and committed professionals. The firm serves clients through more than 70 offices and over 750 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of more than 91,000 people working out of over 1,650 offices across 167 countries.
BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit: www.bdo.com.
Contacts
Mike Herbst
Zeno Group
312-973-7592
mike.herbst@zenogroup.com
