BDO USA acquires Lowery Asset Consulting

BDO USA has acquired Lowery Asset Consulting, a Chicago-based investment advisory firm, which will be integrated into its subsidiary BDO Wealth Advisors.

Lowery’s eight professionals help pension plans, nonprofits and private wealth allocate assets, find and select investment managers, and track performance with detailed reports. The company’s offerings cover financial planning, asset allocation, investment research, portfolio performance monitoring and risk management.

Lowery has deep expertise in traditional and alternative investments, and advises on assets in excess of $ 8 billion.

The company’s eight employees will join BDO Wealth Advisors and move to the BDO office in downtown Chicago. The deal, expected to close this month, will add investment advisory capabilities to 401 (k) plan sponsors and expand BDO Wealth Advisors’ ability to serve insurance companies, private endowments and wealthy individuals.

“We are proud to welcome the professionals of Lowery Asset Consulting to our firm, and we look forward to adding their similar investment-centric culture and client-centric approach as we grow our presence in wealth management. in Chicago, ”said Stephen Ferrara, COO of BDO USA.

BDO Wealth Advisors offers core offerings in the areas of financial planning, tax advice, portfolio management, retirement planning, education savings, wealth transfer, philanthropy and risk management, as well as advanced reporting capabilities, manager selection and due diligence, access to private investments, and outsourced ISD services.

In the consulting world, the biggest players in investment advice are usually the HR companies, namely Mercer, Aon and Willis Towers Watson.

“BDO USA’s proven track record in asset management provides an ideal framework for our interdisciplinary approach to investment advice,” said William Lowery, CEO of Lowery Asset Consulting. “In this constantly changing tax and regulatory environment, our clients need a holistic approach that puts investment advisers and tax advisers on the same team. We look forward to bringing our independent and open approach to long-term sustainable growth to BDO USA’s wealth advisory practice. “

Earlier this year, BDO acquired DemandGen, a Bay Area marketing technology consultancy.

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