BDO USA buys Lowery Asset Consulting

13 October 2021 2 min. read
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BDO USA has acquired Lowery Asset Consulting, a Chicago-based investment consulting firm, which will be bolted onto its affiliate company BDO Wealth Advisors.

Lowery’s eight professionals help retirement plans, non-profits, and private wealth allocate assets, research and select investment managers, and track performance with detailed reporting. The firm’s offerings span financial planning, asset allocation, investment research, portfolio performance monitoring, and risk management.

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

The firm’s eight employees will join BDO Wealth Advisors and relocate to BDO’s downtown Chicago office. The deal, which is slated to close this month, will add 401(k) plan sponsor investment advisory capabilities and expand BDO Wealth Advisors’ ability to serve insurance firms, private endowments, and high net worth individuals.

BDO USA buys Lowery Asset Consulting

“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,” said Stephen Ferrara, COO of BDO USA.

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

In the consulting world, the largest players in investment advisory tend to be the HR specialist firms – namely Mercer, Aon, and Willis Towers Watson.

"BDO USA’s proven track record of asset management experience provides a perfect home for our interdisciplinary approach to investment consulting,” said William Lowery, CEO of Lowery Asset 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.”

BDO earlier this year acquired DemandGen, a Bay Area marketing technology consulting firm.