1986 In July 1986, 18 employees – including our then managing principal Peter Heegard and three founding principals still with us today (Tom Hull, Jack Randall and Tom Wright) – open the offices of Norwest Capital Advisers in Phillip Johnson’s celebrated IDS Building.
1987 Black Monday, October 19. The Dow Jones shrinks by one-fourth, and markets worldwide collapse. We lose virtually no business. This year we also begin the process of diversifying our investment alternatives with the addition of a regional equity strategy.
1990 The markets have rebounded, and we have leapt more than 25 floors. We are at 19 employees and have moved to a new building: the Norwest Center, today known as the Wells Fargo Center.
1992 We surpass $1 billion in assets held and managed.
1995 We further diversify our equity strategies with the addition of international large cap.
1996 Peter Glanville becomes our new managing principal, beginning another strong period of growth. We change our name to Lowry Hill in honor of Thomas Lowry, who created the Minneapolis street car system; Goodrich Lowry, who once headed Norwest Bank; and the Minneapolis neighborhood of the same name, where several of our clients live.
1997 We open an office in Scottsdale, Arizona. Many people assume that Glanville's passion for golf is the reason, but the real impetus is the flurry of business startups in the Phoenix metropolitan area and the growing winter exodus of our Northern clients to the Valley of the Sun.
1998 We reorganize the regional equity strategy into a U.S. small cap strategy, enlarging the universe of investment opportunities offered by Lowry Hill.
1999 We add a REIT strategy to help us create even more diverse portfolios.
2000 We strengthen our investment team by hiring Linda Williams to lead fixed-income research and trading.
2001 We open an office in Naples, Florida, knowing it is a favorite winter home for our clients.
2000 – 2002 The much feared Y2K arrives with hardly a whimper, but technology does see a crash – or perhaps more aptly, a pop. Again, we don’t. More than 95 percent of our business remains.
2002 Jim Steiner replaces the retiring Peter Glanville as our managing principal.
2005 We add our income equity investment strategy to further diversify our clients' portfolios and enhance portfolio income generation.
2006 We celebrate our twentieth year in Minneapolis and our fifth year in Naples.
2007 Our Scottsdale office celebrates its tenth year, and we reach a landmark: We now serve clients in over 40 states.
2008 We plant our fourth flag with the opening of a new office in Chicago.