M and A
Deals Of The Day: The Latest In Wealth Management M&A – Lido Advisors, Stuart Chaussée & Associates
The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.
Lido Advisors, a wealth advisory firm with more than $38 billion in regulatory assets under management (RAuM), is partnering with Stuart Chaussée & Associates, an independent wealth management firm based in Palos Verdes, California.
SC&A has more than $500 million in RAuM and was founded by Stuart Chaussée.
The financial terms of the deal were not disclosed.
Brightstar Law Group is serving as legal advisor to SC&A. Sidley Austin LLP is serving as legal advisor to Lido.
In November, Lido Advisors bought a New Jersey firm, Fountainhead Advisors, a wealth manager with more than $1.2 billion in regulatory assets under management (RAuM).
See this video interview from 2024 by this publication of Ken Stern, Lido's president.