$24B Lido makes Mountain Region move with Platte River partnership

$24B Lido makes Mountain Region move with Platte River partnership
Lido CEO Jason Ozur.
The PE-backed national RIA continues its ultra-high-net-worth expansion strategy by welcoming a $600M Colorado firm.
OCT 31, 2024

National RIA Lido Advisors is extending its presence in the Mountain Region as it adds a new partner firm in Colorado.

On Thursday, Lido announced it's entering into partnership with Platte River Wealth Advisors, an independent RIA in Louisville with $600 million in assets under management.

The move builds on its ongoing national growth strategy aimed at enhancing its services to ultra-high-net-worth clients. That strategy, helped along by a 2021 investment from PE firm Charlesbank Capital Partners, has pushed the LA-based firm to roughly $24 billion in regulatory AUM and 15 offices across the US.

In a statement, Lido CEO Jason Ozur emphasized his firm as a place for "growth-minded talent," with its two-pronged commitment to building a bench of top-caliber advisors and widening its reach in key markets.

“Our M&A strategy has always been about adding top-tier professionals and strategically expanding our geographic footprint in key regions, and this team embodies that vision,” Ozur said. "Lido was founded by CPAs and attorneys—and our roots have helped us prioritize talent that fuels long-term success."

The entire Platte River team will join Lido, with Tyler Olsen, president and wealth advisor, and Warren Baker, director of investment strategy, becoming partners in the firm. 

Olsen, whose industry experience includes a 15-year tenure with Wells Fargo, highlighted the two firms' shared focus on operating as fiduciaries, maintaining a holistic approach, and delivering a personalized experience.

“Lido Advisors believes, as we do, that clients do not need or want cookie-cutter solutions, and that bespoke financial advice and solutions can be delivered within a personalized, family office experience,” he said. 

Lido's partnership with Platte River Wealth Advisors comes on the heels its deal to acquire Pegasus Partners, an ultra-high-net-worth RIA in Wisconsin with north of $3 billion in assets.

Latest News

Could active ETFs act as a client acquisition magnet?
Could active ETFs act as a client acquisition magnet?

Actively managed ETFs may offer an edge for advisors courting Gen X, millennial, and Gen Z investors, according to Capital Group.

Vanguard connected with Blackstone, Carlyle on potential private market tie-ups
Vanguard connected with Blackstone, Carlyle on potential private market tie-ups

The exploratory talks, reported by unnamed sources, speak to a larger trend of traditional asset managers wading further into the alternative assets space.

CEO rails against DEI rollbacks
CEO rails against DEI rollbacks

Claims of merit miss the point, according Stoy Hall.

Trump announces auto tariffs with 'no exceptions' and markets got spooked
Trump announces auto tariffs with 'no exceptions' and markets got spooked

Expectation of the Fed staying on hold for longer is also rising.

How much do American teens really know about money?
How much do American teens really know about money?

Spoiler Alert: Not as much as they need to, report reveals.

SPONSORED Retirement plan balances are flourishing. Why are so many advisors missing out on a $3 trillion opportunity?

Participants who receive professional 401(k) advice see higher returns on average, net, than those who don't.

SPONSORED Focus on clients, not compliance – why Gary Corderman found his fit with Farther

This wealth management platform finally delivers on the technology promises other firms couldn't - giving advisors a better way to scale and serve