Lido Advisors and CW Advisors are extending their 2025 deal calendars as the firms make their first RIA partnership announcements for the month of May.
Lido Advisors has entered into a partnership with Copperwynd Financial, a Scottsdale-based RIA that manages over $720 million in assets. The acquisition expands Lido’s reach in the Southwest, adding offices in Arizona and Utah.
Last month, Lido bolstered its presence in Florida as it added BluePointe Capital Management, which oversees more than $870 million in assets and caters to technology entrepreneurs and executives.
Following its deal in Arizona, Lido’s assets rise to more than $29 billion. The firm is aiming to strengthen its presence in key regional markets, according to its president, Ken Stern.
"Copperwynd brings a deep dedication to clients and local communities," Stern said in a statement. "We're excited to unite our shared values to enhance and expand our wealth management services."
Copperwynd, which specializes in serving high-net-worth households, brings Lido a team of multi-generational advisors and additional client service staff. All of the firm’s advisors will become Lido partners under the new structure. In addition to its Scottsdale headquarters, Copperwynd adds a location in greater Salt Lake City, enhancing Lido’s reach in neighboring states such as Utah and New Mexico.
David Daughtrey, co-founder of Copperwynd, said the transition provides access to a broader platform and deeper operational support.
"Joining forces will give us access to significant resources and capacity to deliver financial peace of mind to our clients and their families, both existing and new," Daughtrey said.
Meanwhile, Boston-headquartered CW Advisors announced it has acquired two firms – Wolf Group Capital Advisors in Fairfax, Virginia, and Parsons Capital Management in New Hope, Pennsylvania – bringing in a combined $1.4 billion in assets under management.
CW Advisors’ twin acquisitions add significantly to its presence in the mid-Atlantic. With the integration of Wolf Group and Parsons Capital Management, the firm now oversees more than $13 billion in assets across 17 offices nationwide.
Wolf Group specializes in comprehensive wealth strategies for high-net-worth individuals, while Parsons operates as a fee-only advisory business with a focus on investment and financial planning. Both will retain their local identities under the CWA umbrella.
"The joining of our teams enables us to provide an expanded offering and to leverage the platform to continue to deliver exceptional client service," said Bob Len, managing director of Wolf Group.
Charles Verruggio, chief investment officer at Wolf Group, noted the compatibility of the two organizations. “We have enjoyed working with the CWA team during the integration and are impressed with the ‘people first’ culture at CWA,” he said.
Parsons Capital Management President Russell Parsons added, “Our clients will only benefit from the resources CWA provides.”
CW Advisors established itself as one of the most active RIA dealmakers in Q1. According to DeVoe & Company's latest RIA Deal Book, CWA announced four transactions in the first three months of this year – including a February double-deal announcement in Boston and another pair of acquisitions unveiled in March – which put it neck-and-neck with Merit Financial Advisors on the first-quarter deal leaderboard.
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