Lowndes brings over 25 years of built-in monetary providers expertise to Angeles Wealth, specializing in growing expertise, compliance, buying and selling, and threat administration options
SANTA MONICA, Calif., March 21, 2023–(BUSINESS WIRE)–Angeles Wealth Administration, LLC, a nationwide wealth administration agency serving generationally rich households, is happy to announce the hiring of Edward Lowndes as Chief Working Officer and Chief Compliance Officer. Working out of Angeles Wealth’s Santa Monica workplace, Lowndes will oversee compliance protocols and lead the continued evolution of the agency’s complete wealth administration platform, which is focused to the distinctive wants of ultra-high-net-worth households, trusts, estates and their associated philanthropic entities.
This press launch options multimedia. View the total launch right here: https://www.businesswire.com/information/dwelling/20230321005335/en/
Angeles Wealth Administration broadcasts the hiring of Edward Lowndes as Chief Working Officer and Chief Compliance Officer who will oversee compliance protocols and lead the continued evolution of the agency’s complete wealth administration platform. (Photograph: Enterprise Wire)
With the addition of Lowndes, Angeles Wealth provides a long time of expertise in wealth administration operations, threat administration and expertise implementation. In his new position, Lowndes will optimize Angeles Wealth’s operational infrastructure to help the agency’s continued development, together with the continuing buildout of its customized discretionary portfolio and personal wealth platform.
“Welcoming an govt of Ed’s caliber to Angeles Wealth is a proud second in our historical past and can advance our efforts to help rich households of their distinctive missions,” stated Jonathan Foster, President and CEO of Angeles Wealth. “Ed will play a pivotal position in serving to us scale the agency, constructing on our current sturdy trajectory to additional increase personal wealth providers, together with belief and property options, for the households we serve.”
Earlier than becoming a member of Angeles Wealth, Lowndes was Chief Working Officer at First Basis Advisors, the personal wealth administration affiliate of First Basis Financial institution managing $5 billion in shopper property. On this position, Lowndes was answerable for growing and implementing varied operational methods. Previous to his time at First Basis Advisors, Lowndes held operations and threat administration roles at Brandes Funding Companions, BNY Mellon – Lockwood, The Vanguard Group, and Prudential Securities.
“Angeles Wealth is among the most entrepreneurial, progressive companies I’ve come throughout in my years within the trade,” stated Lowndes. “I’m thrilled to affix this centered, client-centric staff devoted to offering first-class investments and repair. Jon introduced me in as he is aware of full nicely that you simply can not have hypergrowth with out investing in and optimizing infrastructure and operations. I stay up for this thrilling management problem.”
Up to now yr, Angeles Wealth has continued to scale its personal wealth staff, saying the hires of Senior Managing Director Ann Deaton, who opened the agency’s workplace in Houston, and Managing Director of Capital Markets and Wealth Advisory Morris Clothier. Extra not too long ago, the agency elevated Chloe Wohlforth to Accomplice. Over the previous 5 years, Angeles Wealth’s annualized property have elevated 40 %, and whereas fairness markets fell almost 20 % in 2022, the agency’s property elevated greater than 11 %.
For extra details about Angeles Wealth Administration and its refined, custom-made, international funding options and wealth administration providers, please go to our web site.
About Angeles Wealth Administration
Angeles Wealth Administration is a nationwide, SEC-registered wealth administration agency serving generationally rich households. Offering ultra-high-net-worth households with complete wealth recommendation and institutional-quality funding options usually out there to giant institutional buyers, the agency’s personal wealth purchasers achieve entry to an institutional caliber funding course of and alternative set by investing alongside its affiliate, $36B AUA Angeles Funding Advisors, an advisor to prestigious endowments, foundations, and establishments. Angeles Wealth works with the households its serves to know their distinctive wants, together with generational planning, household dynamics and charitable objectives. Based in 2011, Angeles Wealth is headquartered in Santa Monica, and has places of work in New York Metropolis, Chicago and Houston. For extra data, comply with us on LinkedIn or go to our web site.
Disclosures
1) Angeles Wealth Administration, LLC is an funding adviser registered with the U.S. Securities and Change Fee. Registration doesn’t indicate a sure degree of ability or coaching. Extra details about Angeles Wealth Administration’s funding advisory providers may be present in its Type ADV Half 2, which is accessible upon request.
2) Angeles Funding Advisors, LLC is an funding adviser registered with the U.S. Securities and Change Fee. Registration doesn’t indicate a sure degree of ability or coaching. Extra details about Angeles Funding Advisors’ funding advisory providers may be present in its Type ADV Half 2, which is accessible upon request.
3) Belongings consists of property beneath administration and property beneath advisement. Belongings beneath advisement refers to property on which our agency offers recommendation or session however for which our agency both doesn’t have discretionary authority or doesn’t prepare or effectuate the transactions. Belongings beneath advisement may be these which we monitor for a shopper on a nondiscretionary foundation, the place we could make suggestions however the place the shopper is the social gathering answerable for arranging or effecting the acquisition or sale.
4) The opinions expressed are these of Angeles Wealth Administration Funding Staff. The opinions referenced are as of the date of publication and are topic to vary attributable to modifications out there of financial circumstances and will not essentially come to move.
View supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20230321005335/en/
Contacts
StreetCred PR
[email protected]
Will Ruben
[email protected]
847-208-8289
Jimmy Moock
[email protected]
610-304-4570
