#United States #Los Angeles #Southern California #Lido Advisors #Avitas Wealth Management

Lido Advisors and Avitas Wealth Management Join Forces

In a strategic move to enhance its capabilities and services, Lido Advisors, LLC, a prominent wealth advisory firm based in Los Angeles, has announced a merger with Avitas Wealth Management, LLC. This partnership is set to combine Lido's extensive resources and expertise with Avitas's specialized approach to serving multigenerational families, marking a pivotal point in both firms' missions to provide personalized wealth management solutions.

Lido Advisors, which boasts over $24 billion in regulatory assets under management (RAUM) as of October 31, 2024, has been on a growth trajectory since 2021, implementing a thoughtful strategy of organic growth alongside select mergers and acquisitions. The addition of Avitas, which manages over $1.1 billion in assets and specializes in tailored financial strategies, further solidifies Lido's standing in the competitive wealth advisory landscape.

Why This Partnership Matters

The integration of Avitas into Lido Advisors is not just a merger of numbers; it's a merging of philosophies. Ken Stern, CFP®, President of Lido Advisors, expressed excitement about the collaboration, emphasizing that both firms share a commitment to delivering bespoke wealth management experiences tailored to the unique needs of their clients. This alignment of values is particularly significant as it underscores a dedication to making meaningful and lasting impacts on clients' lives.

Eric Taslitz, a managing principal at Avitas, echoed these sentiments, stating that clients deserve more than generic solutions. Instead, they require customized financial strategies that reflect their specific aspirations and long-term goals. By joining forces with Lido, Avitas aims to expand its capabilities and provide even greater value to the multigenerational families it serves.

This partnership will enhance Lido's operational base in Los Angeles, integrating Avitas's experienced team—which includes lead partners Eric Taslitz, Catherine Gerst, and Greg Satz—into Lido's existing framework. This integration promises not only to grow the clientele but also to enrich the wealth management experience offered to clients across the region and beyond.

The Growth Narrative

The merger is a continuation of Lido's strategy that has seen the firm triple its RAUM since 2020. Lido has strategically sought out partnerships that not only augment its service offerings but also align culturally with its values—an approach that has led to successful mergers in states like Colorado and Wisconsin in recent months. Jason Ozur, CPA, CEO of Lido, highlighted that the cultural fit and the shared objective of delivering exceptional service were major factors in pursuing this integration with Avitas.

Moreover, this partnership reflects broader trends within the wealth management industry, where firms are increasingly recognizing the importance of personalized service. As clients' financial needs grow in complexity, particularly for those managing family wealth across generations, the demand for individualized strategies has never been more critical. This merger positions both Lido and Avitas to meet these evolving demands head-on.

Commitment to Clients

Lido Advisors is renowned for its proactive approach to asset management, focusing on risk mitigation and access to diverse investment strategies. The firm provides a family office experience to its clients, emphasizing personalized, comprehensive wealth planning and bespoke solutions in tax, estate, and legacy planning. With the integration of Avitas, clients can now expect an even broader array of resources and tailored services designed to help them navigate their financial journeys effectively.

In conclusion, the merger between Lido Advisors and Avitas Wealth Management represents a significant step forward in enhancing wealth management services for multigenerational families. As these two firms combine their strengths, their clients are poised to benefit from an enriched experience that prioritizes individualized financial strategies to support long-term growth and success.