M and A
Deals Of The Day: The Latest In Wealth Management M&A – Lido Advisors
The firm, headquartered on the US West Coast, has been growing via the organic route and by mergers and acquisitions.
Lido
Lido Advisors,
a Los Angeles-based wealth advisor with more than $24 billion in
AuM, is partnering with Platte River Wealth Advisors, a firm
based in Louisville, Colorado. The financial terms of the
transaction were not disclosed.
Platte River, which has more than $600 million in AuM as of October 30, 2024, offers tailored financial strategies and solutions.
All members of the Platte River team will join Lido; Tyler Olsen, president and wealth advisor and Warren Baker, director of investment strategy will become partners at the firm.
Lido’s CEO is Jason Ozur, and Ken Stern is its president – Stern was recently interviewed by this news service. The firm, founded in 2021, has grown by M&A and the organic route. Earlier in October, Lido bought Pegasus Partners, an RIA operating in Mequon, Wisconsin.
