Charlesbank Capital Partners, a private equity firm based in New York and Boston, has taken a “significant” stake in Lido Advisors, a Los Angeles-based registered investment adviser managing more than $9 billion.
Founded in 1999, Lido currently has offices in 12 metropolitan areas and plans to expand across the country organically and through acquisitions, the firm said in a release. Its executive team will remain.
The transaction, the terms of which were not disclosed, is expected to close in June.
The Nashville-based RIA platform unveils a branded digital workflow solution designed to fix the onboarding gap that frustrates financial advisors.
Despite relying heavily on Social Security for retirement income, many older Americans doubt the program will deliver full benefits in the future.
BlackRock data shows workers without a financial cushion are far more likely to raid their 401(k) — and less likely to ever start contributing.
With just a small fraction of eligible kids enrolled ahead of the July 4 launch, experts warn lower-income families could be falling behind.
When even perfect portfolios come under pressure from fear or greed, a disciplined and balanced framework can make for better investing decisions.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
