BDO has announced the addition of eight professionals from Lowery Asset Consulting, a Chicago-based company.
This combination will further strengthen and expand the range of services within BDO wealth advisors, an advisory business that assists clients in managing myriad aspects of wealth.
Founded in 2002, Lowery Asset Consulting, is an investment consulting firm that offers financial planning, asset allocation, investment research, portfolio performance monitoring and risk management.
With this expansion, the company’s services and relationships bring new opportunities to BDO for existing and potential clients.
This includes adding 401(k) plan sponsor investment advisory capabilities to the firm’s wealth advisory’s service offerings and expands the firm’s ability to advise insurance companies, private endowments and high net worth individuals.
Stephen Ferrara, COO of BDO USA, said: “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.
“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.”
William Lowery, CEO of Lowery Asset Consulting, added: “BDO USA’s proven track record of asset management experience provides a perfect home for our interdisciplinary approach to investment consulting.
“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.”