Richard Lowry serves as Managing Director of Wealth Strategy with Cresset’s Chicago office. In his role, Richard works with Cresset’s clients to develop holistic wealth plans that help them achieve their tax, estate planning, and philanthropic objectives. Richard focuses on developing and implementing creative and comprehensive wealth transfer strategies that align with clients’ wishes. He reviews clients’ tax and estate planning documents to ensure that each plan accurately and holistically reflects the client’s philosophy and needs while maximizing tax efficiency.
Prior to joining Cresset, Richard was a Director and Wealth Strategist with UBS Private Wealth, where he provided comprehensive wealth transfer planning, advice, and education to the firm’s wealthiest clients. His work focused on sophisticated tax and estate planning for ultra-high net worth individuals, families, and family offices, with an emphasis on tax efficient income and transfer tax planning. He also advised on family office structuring, business succession planning, charitable planning, and governance for closely held businesses and private foundations. Prior to UBS, Richard worked at the US Internal Revenue Service (IRS), where he served as a senior tax attorney in the Estate and Gift Tax Program. In this role, he was responsible for planning and leading examinations of the most complex estate and gift tax, generation-skipping tax, and fiduciary income tax returns filed. Before entering federal service, Richard held several other private and public sector positions.
Richard earned an LL.M (Master of Laws) degree in Taxation from Northwestern University with a certificate in Wealth Transfer and Legacy Planning. He received his Juris Doctor degree from Case Western Reserve University School of Law and his Bachelor of Science in Business Administration from Webster University. He is a member of the Illinois, Pennsylvania, and New Jersey state bars, and is also a member of the Chicago Estate Planning Council and the Chicago Bar Association.