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.
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