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Deals Of The Day: The Latest In Wealth Management M&A – Carson Group, Lido Advisors
Editorial Staff
13 June 2025
Carson Group, Wambolt Lido Advisors
Nebraska-headquartered Carson Group has bought Wambolt & Associates, a wealth advisory firm based in Littleton, Colorado. The financial terms of the acquisition were not disclosed.
Led by founder and managing partner/wealth advisor Greg Wambolt, the team manages about $570 million in assets. Wambolt started the firm in 2010, and it delivers investment solutions and tax reduction strategies to high net worth families, executives and business owners across the region.
Wambolt & Associates' clients will continue working with their existing team while gaining access to Carson’s extensive capabilities, including centralized planning support, institutional-level investment strategies and advanced tax and estate planning, Carson said in a statement yesterday.
Carson manages more than $42 billion in assets and serves more than 53,000 client families among its advisory network of 150+ partner offices, including more than 50 Carson Wealth locations.
Lido Advisors, a wealth advisory firm with over $29 billion in regulatory assets under management as of December 31, 2024, is partnering with Exchange Capital Management. The financial terms of the acquisition were not disclosed.
ECM is an Ann Arbor-based RIA with more than $830 million in RAuM. ECM is an independent, fee-only fiduciary firm.
All 13 team members from ECM will join Lido, including CEO Michael Reid, and senior investment advisor Kevin McVeigh.
DeVoe & Co served as exclusive financial advisor to ECM.
Lido Advisors is headquartered in Los Angeles, California. In early May, Lido Advisors partnered with Scottsdale, Arizona-based RIA Copperwynd Financial, a business with $720 million in client money. See an interview here with Lido Advisors's president, Ken Stern.