Delphi, a fixture in the San Diego wealth advisory business, will merge with LourdMurray, a Beverly Hills-based wealth management firm. The new, expanded group will have offices in San Diego, Beverly Hills and Baton Rouge.
SAN DIEGO – April 29, 2019 – San Diego wealth management firm Delphi Private Advisors today announced that it has joined forces with LourdMurray, an advisory firm based in Beverly Hills. The newly merged advisory group will oversee $4.8 billion in client assets for affluent families, business owners, executives, artists, entertainers, professional athletes and institutional clients from offices in San Diego, Beverly Hills and Baton Rouge, La.
The newly merged advisory group will be known as LourdMurray Delphi in the San Diego market until the integration is complete, at which point they will use the brand name LourdMurray nationally.
The newly merged group has received a significant equity investment from HighTower, a national wealth management firm that provides growth capital and operational support services to elite independent financial advisory businesses. The HighTower investment will fuel the newly merged group’s expansion efforts, particularly for mergers and acquisitions.
Delphi co-founders Keith McKenzie and Darren Reinig have spent the last decade building a robust advisory practice in the San Diego area, bringing institutional-caliber wealth management to individuals and families, while providing a personalized and customized client experience.
“In a world of increasing financial complexity, growth is needed to provide the level of expertise and service our clients expect and deserve,” said Mr. McKenzie. “We have known Blaine Lourd and Palmer Murray for close to a decade and are closely aligned on investment philosophy and client service approach. We’re excited to be coming together to leverage each other’s talents and expertise for the benefit of our clients.”
“Our roots in the San Diego area are deep, and this merger will enable us to further expand and strengthen our San Diego footprint,” said Mr. Reinig. “The more resources we have, the more families, business owners and executives we will be able to serve. While our name may be changing, our San Diego clients can rest assured that Delphi’s exceptional culture will be enhanced by teaming up with LourdMurray.”
Mr. McKenzie and Mr. Reinig will each take on the role of managing partner at LourdMurray, and Reinig will become Chief Investment Officer.
“We are honored to be a part of LourdMurray’s long-term evolution and success by providing the capital structure and operational support they need to grow,” said Bob Oros, HighTower’s CEO. “We’re excited to have the combined team as part of our supportive advisor community.”
LourdMurray is a $4.8 billion wealth management group serving affluent families, business owners, executives, artists, entertainers, professional athletes and institutional clients. LourdMurray is dedicated to providing a customized client experience, with personalized, coordinated care and fee-only fiduciary services from its offices in Beverly Hills and San Diego, Calif., and Baton Rouge, La. LourdMurray’s investment team consists of CFA® charterholders, CFP®s, and MBAs with extensive professional experience. Learn more at www.lourdmurray.com.
HighTower is a national wealth management firm that provides growth capital and support services to elite independent financial advisory businesses. Operating as a Registered Investment Advisor, HighTower’s portfolio of 98 advisory groups in 33 states provide investment, financial and retirement planning services to individuals, foundations and family offices. Corporate services include 401k consulting and corporate cash management. Visit www.hightoweradvisors.com.