Angeles Wealth Management Appoints Edward Lowndes as Chief Operating Officer and Chief Compliance Officer

Rhea-AI Summary

Angeles Wealth Management has appointed Edward Lowndes as Chief Operating Officer and Chief Compliance Officer, enhancing its operational capabilities. Lowndes brings over 25 years of experience in financial services, previously serving as COO at First Foundation Advisors. His role will focus on optimizing the firm’s wealth management platform for ultra-high-net-worth families.

Under Lowndes, Angeles Wealth aims to build on its growth trajectory, having seen a 40% increase in annualized assets over the past five years, even as equity markets declined by 20% in 2022.

Positive

• Edward Lowndes brings over 25 years of financial services experience to Angeles Wealth.
• The firm aims to expand its wealth management platform for ultra-high-net-worth clients.
• Angeles Wealth achieved a 40% increase in annualized assets over five years.

Negative

• Concerns about continuity and integration of Lowndes into the existing leadership structure.

Lowndes brings over 25 years of integrated financial services experience to Angeles Wealth, specializing in developing technology, compliance, trading, and risk management solutions

SANTA MONICA, Calif.--(BUSINESS WIRE)-- Angeles Wealth Management, LLC, a national wealth management firm serving generationally wealthy families, is pleased to announce the hiring of Edward Lowndes as Chief Operating Officer and Chief Compliance Officer. Operating out of Angeles Wealth’s Santa Monica office, Lowndes will oversee compliance protocols and lead the continued evolution of the firm’s comprehensive wealth management platform, which is targeted to the unique needs of ultra-high-net-worth families, trusts, estates and their related philanthropic entities.

Angeles Wealth Management announces the hiring of Edward Lowndes as Chief Operating Officer and Chief Compliance Officer who will oversee compliance protocols and lead the continued evolution of the firm’s comprehensive wealth management platform. (Photo: Business Wire)

With the addition of Lowndes, Angeles Wealth adds decades of experience in wealth management operations, risk management and technology implementation. In his new role, Lowndes will optimize Angeles Wealth’s operational infrastructure to support the firm’s continued growth, including the ongoing buildout of its personalized discretionary portfolio and private wealth platform.

“Welcoming an executive of Ed’s caliber to Angeles Wealth is a proud moment in our history and will advance our efforts to support wealthy families in their unique missions,” said Jonathan Foster, President and CEO of Angeles Wealth. “Ed will play a pivotal role in helping us scale the firm, building on our existing strong trajectory to further expand private wealth services, including trust and estate solutions, for the families we serve.”

Before joining Angeles Wealth, Lowndes was Chief Operating Officer at First Foundation Advisors, the private wealth management affiliate of First Foundation Bank managing $5 billion in client assets. In this role, Lowndes was responsible for developing and implementing various operational strategies. Prior to his time at First Foundation Advisors, Lowndes held operations and risk management roles at Brandes Investment Partners, BNY Mellon – Lockwood, The Vanguard Group, and Prudential Securities.

"Angeles Wealth is one of the most entrepreneurial, innovative firms I’ve come across in my years in the industry,” said Lowndes. “I’m thrilled to join this focused, client-centric team dedicated to providing first-class investments and service. Jon brought me in as he knows full well that you cannot have hypergrowth without investing in and optimizing infrastructure and operations. I look forward to this exciting leadership challenge.”

In the past year, Angeles Wealth has continued to scale its private wealth team, announcing the hires of Senior Managing Director Ann Deaton, who opened the firm’s office in Houston, and Managing Director of Capital Markets and Wealth Advisory Morris Clothier. More recently, the firm elevated Chloe Wohlforth to Partner. Over the past five years, Angeles Wealth’s annualized assets have increased 40 percent, and while equity markets fell nearly 20 percent in 2022, the firm’s assets increased more than 11 percent.

For more information about Angeles Wealth Management and its sophisticated, customized, global investment solutions and wealth management services, please visit our website.

About Angeles Wealth Management

Angeles Wealth Management is a national, SEC-registered wealth management firm serving generationally wealthy families. Providing ultra-high-net-worth families with comprehensive wealth advice and institutional-quality investment solutions typically available to large institutional investors, the firm’s private wealth clients gain access to an institutional caliber investment process and opportunity set by investing alongside its affiliate, $36B AUA Angeles Investment Advisors, an advisor to prestigious endowments, foundations, and institutions. Angeles Wealth works with the families its serves to understand their unique needs, including generational planning, family dynamics and charitable goals. Founded in 2011, Angeles Wealth is headquartered in Santa Monica, and has offices in New York City, Chicago and Houston. For more information, follow us on LinkedIn or visit our website.

Disclosures

1) Angeles Wealth Management, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Angeles Wealth Management's investment advisory services can be found in its Form ADV Part 2, which is available upon request.

2) Angeles Investment Advisors, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Angeles Investment Advisors' investment advisory services can be found in its Form ADV Part 2, which is available upon request.

3) Assets includes assets under management and assets under advisement. Assets under advisement refers to assets on which our firm provides advice or consultation but for which our firm either does not have discretionary authority or does not arrange or effectuate the transactions. Assets under advisement could also be those which we monitor for a client on a nondiscretionary basis, where we may make recommendations but where the client is the party responsible for arranging or effecting the purchase or sale.

4) The opinions expressed are those of Angeles Wealth Management Investment Team. The opinions referenced are as of the date of publication and are subject to change due to changes in the market of economic conditions and may not necessarily come to pass.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230321005335/en/

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Source: Angeles Wealth Management, LLC

FAQ

Who is Edward Lowndes in Angeles Wealth Management?

Edward Lowndes is the newly appointed Chief Operating Officer and Chief Compliance Officer at Angeles Wealth Management.

What experience does Edward Lowndes bring to Angeles Wealth?

Lowndes has over 25 years of experience in integrated financial services, previously serving as COO at First Foundation Advisors.

What are the goals for Edward Lowndes in his new role?

He will oversee compliance protocols and optimize the firm's wealth management platform tailored for ultra-high-net-worth families.

How has Angeles Wealth performed financially in recent years?

Angeles Wealth has seen a 40% increase in annualized assets over the past five years despite market challenges.

What impact might Lowndes' hiring have on Angeles Wealth Management?

His leadership is expected to enhance operational infrastructure and support the firm's growth trajectory.