St. Louis, United States
Chairman and CEO Charles Lowenhaupt, founder of Lowenhaupt Global Advisors (LGA) and a recognized expert in managing wealth for ultra-high net worth families, has been named to the additional title of President, the company announced today.
Lowenhaupt's appointment as President of LGA coincides with the formal announcement of a nine-member Global Council comprised of trusted advisors and family office professionals who will help LGA identify opportunities to better serve families whose wealth and lifestyles are increasingly complex and multinational.
The firm also said that by the end of the second quarter, it expects to have the capacity to serve one or more families in a non-U.S. jurisdiction with its first office outside the U.S.
"These initiatives are part of a strategic plan to build Lowenhaupt Global Advisors' capacity to work with multi-jurisdictional families living and working outside the U.S.," Lowenhaupt said. "Today, even a predominantly U.S. family is global. Family members live, work, invest and travel overseas. Best practices in family wealth management practices are global and even philanthropy is global."
The Global Council is comprised of professionals who have extensive experience advising families of substantial wealth and are recognized as among the best trusted advisors in the U.S., Europe, Asia and Australia. The Global Council adds more than 200 years of experience in family wealth management to LGA.
The members of the Global Council include:
-- Stuart Black, Sydney. Black is a senior partner of Chapman Eastway, an Australian accounting firm with more than 100 years of experience working with wealthy Australian families on tax and asset management.
-- Mark Brown, St. Louis. Brown is Chief Operating Officer of LGA. Prior to joining the firm, Brown was responsible for managing the delivery of investment support services for Bank of America's Private Bank Investment Advisory Services Group.
-- Pradeep Dinodia, New Delhi. Dinodia is the Senior Partner of S. R. Dinodia & Company, a family owned tax accounting and advisory firm founded by his father in 1952 that provides corporate finance, legal and tax consulting to Indian families of substantial wealth.
-- Michael Hutchinson, London. Hutchinson has more than 30 years of experience assisting families of wealth and is head of The Hutchinson Consultancy. Hutchinson was joint head of the Guinness family office and managed the affairs of various branches of the Guinness family for 15 years.
-- Charles Lowenhaupt, St. Louis. In addition to his roles at LGA, Lowenhaupt is a Managing Member of LGA's affiliated firm, Lowenhaupt & Chasnoff LLC. He is also a founding member of the Advisory Faculty of the Institute for Private Investors, a member of the American and Missouri Bar associations, and a frequent lecturer and author on the topic of intergenerational wealth.
-- Joseph Rechter, St. Louis. Rechter is Chief Financial Officer of LGA and has more than 30 years of experience in investment banking and private equity investing.
-- Bashir Sharif, Kuala Lumpur. Sharif has 25 years of wealth advisory experience and is founder of Palladium Group, which provides business consulting services and investment banking advice to families and international firms in the Pacific Rim.
-- Heidi Steiger, New York. Steiger has worked for LGA for the past three years. Previously, she was head of Neuberger Berman Private Asset Management business and is author of Wealthy And Wise, a book covering all aspects of private wealth management.
-- Lee Thistlethwaite, Geneva. Thistlethwaite has more than 30 years of investment and private banking experience. Thistlethwaite worked for JP Morgan for 25 years before retiring as a Managing Director in 2004. Since then, he has been an independent advisor to several wealthy families in Europe and the Middle East.
The Global Council will help create world-class network of wealth management professionals and engage local resources to build on the tradition of excellence of Lowenhaupt & Chasnoff, the law firm started in 1908 by Lowenhaupt's grandfather, who was the first U.S. lawyer to concentrate in income tax law.
"The Global Council will support Lowenhaupt Global Advisors' customized approach to helping families manage all aspects of their wealth," Lowenhaupt said. "The Global Council will also help families worldwide address the challenges they face today: Succession within the family group and of their trusted advisors, multi-currency investing, measuring performance, cross-national ownership, relevant governance structures and resourcing unconflicted advice."
About Lowenhaupt Global Advisors
Lowenhaupt Global Advisors has been helping families of substantial wealth build, preserve and control their assets for 100 years. Working with the affiliated tax firm of Lowenhaupt & Chasnoff, Lowenhaupt Global Advisors provides sophisticated, independent advice on family wealth transfer, taxation, estate planning and probate, investment portfolio allocation and business structuring. For more information, call 314.241.5950, or visit lowenhauptglobaladvisors.com.
Source: Business Wire (Business Wire India)