Lido Advisors, a Los Angeles-based registered investment adviser managing $11 billion, has acquired Enterprise Trust & Investment Company, a Los Gatos, California-based trust company managing $800 million.
The transaction, terms of which were not disclosed, is expected to close in the third quarter, Lido Advisors said in a press release Tuesday,
Founded in 1995, Enterprise Trust is based in the Greater San Francisco Bay Area. The firm provides investment management and fiduciary services to high-net worth individuals and their families.
The new AI feature generates instant client portfolio talking points, slashing meeting prep time for advisors.
As Citizens expands its advisory footprint, the bank is also going after wealth trapped inside business ownership
The Forbes rankings are highly sought after by some advisors and firms for marketing purposes.
Meanwhile, an advisor tuck-in from Edward Jones expands Kestra's Washington, D.C.-area presence, and Janney deepens its Connecticut footprint with an experienced Wells Fargo advisor.
KFN Succession Center pairs advisors weighing retirement with buyers, as next-gen affordability keeps eroding industry-wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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
