The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Lido Advisors, a wealth advisory firm with over $29 billion in regulatory assets under management [RAuM] as of December 31, 2024, will be partnering with Olympus Wealth Management. Olympus is an independent wealth management firm with more than $850 million in RAuM, headquartered in Cottonwood Heights, Utah. It provides fee-only fiduciary advice to high net worth and ultra-HNW business owners and families.

“Olympus’s deep commitment and sophisticated approach to building long-term client relationships makes them a natural fit as we expand our holistic wealth management platform in the Salt Lake City metro area and beyond,” said Ken Stern, president of Lido.

Olympus’s offering includes not only comprehensive wealth management solutions but also multi-family office services, allowing the Olympus team to serve as the chief financial officer and more for their clients’ families. The entire Olympus team will remain in Cottonwood Heights, Utah, and the Olympus office will become one of Lido’s key locations.

“Lido gives us a thriving national platform to expand...while continuing to serve the networks and community to which we’ve dedicated our careers. We’re excited to collaborate on delivering meaningful, measurable value that gives our clients the freedom to focus on what matters most to them,” said Scott Poelman, Scott Bird, and Matt Krull, the founding partners of Olympus.

Turkey Hill Management is serving as financial advisor and the Salt Lake City office of Dentons is serving as legal advisor to Olympus. Sidley Austin LLP is serving as legal advisor to Lido.