Lowe Wealth Advisors, LLC (Columbia)

Name: Lowe Wealth Advisors, LLC
Address: 6230 Old Dobbin Lane, Columbia, MD, 21045
Telephone: 443-766-7160

Lowe Wealth Advisors, LLC is a large advisory firm based in Columbia. It manages $277.06 million of regulatory assets for 1,151 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, Maryland, North Carolina, and 3 other states.

Lowe Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Lowe Wealth Advisors: assets under management

The assets under management (AUM) of Lowe Wealth Advisors, LLC is $277.06 million. The firm's AUM has grown by 7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $270.58 million in discretionary accounts and $6.48 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $237.56 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $540.35 thousand.

Lowe Wealth Advisors has custody of $26.3 million in cash and securities for 40 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment and business development companies, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lowe Wealth Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Harold Alan Lowe serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Harold Alan Lowe is high net worth individuals with 86 clients and $174.53 million of assets under management. Among the 8 most similar advisory firms, Lowe Wealth Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $277.06 million for 352 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Lowe Wealth Advisors doesn't advise any private funds.

Careers at Lowe Wealth Advisors, LLC

The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Harold Alan Lowe has been acting as President since 1 May 2011. Bradley Alan Williams has served as the Chief Investment Officer since 1 Jan 2015. Gregory Alan Lowe joined the executive team most recently as the Vice President / Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gregory Alan Lowe	Chief compliance officer and vice president	1 May 2011	25% - 50%	2575861
Harold Alan Lowe	President	1 May 2011	Other	313396
Llc Kawg&F Financial Planning Group	Member	1 May 2011	50% - 75%	20-2127644
Ltd Lowe & Associates Financial Services	Member	1 May 2011	50% - 75%	52-2002514
Bradley Alan Williams	Chief investment officer	1 Jan 2015	Other	2721609

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Harold Alan Lowe	President / shareholder	1 Jun 1994	75% - 100%	313396
Abosch Windesheim Gershman & Freedman P.A. Katz	Member	1 May 2011	75% - 100%	52-1003788
Gregory Alan Lowe	Vice president / shareholder	1 Jan 2015	25% - 50%	2575861

Based in Columbia

The principal office where Lowe Wealth Advisors, LLC performs its advisory services is located at 6230 Old Dobbin Lane, Columbia, MD 21045, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 443-766-7160 or by fax 443-766-7198. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at lowewealthadvisors.com.