M and A
Lido Advisors Makes Another Acquisition
The Los Angeles-headquartered wealth manager has inked a number of M&A deals this year, with transactions in Colorado and Wisconsin in the past two months.
Lido Advisors, a US wealth advisor with more than $24 billion in regulatory assets under management (October 31, 2024), is merging in Avitas Wealth Management, a firm based in Los Angeles.
Avitas has more than $1.1 billion in RAuM as of September 30, 2024.
The team of lead partners at Avitas joining Lido are Eric Taslitz, Catherine Gerst, and Greg Satz.
Lido, headquartered in Los Angeles, has more than tripled its RAuM since 2020; it announced deals in Colorado and Wisconsin over the past two months. Lido’s CEO is Jason Ozur, and Ken Stern, its president, was recently interviewed by this news service.
