Lido Advisors, a Los Angeles wealth advisory firm and acquirer with more than $24 billion in AUM, has taken a majority interest in Platte River Wealth Advisors, a Louisville, Colo.-based advisory firm with $600 million in regulatory assets under management.
The move expands Lido’s footprint in the Western Mountain region and adds to its services for ultra-high-net-worth clients, Lido Advisors said in making the announcement.
“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,” Jason Ozur, CEO of Lido Advisors, said in a statement.
All members of the Platte River team will join Lido. Tyler Olsen, president and a wealth advisor, and Warren Baker, director of investment strategy at Platte River, will become partners at Lido. Since 2021, Lido has combined its strong organic growth with strategic M&A opportunities, which emphasize geographical and cultural alignment, Lido Advisors said in announcing the partnership.
“It is a natural fit for us to join with Lido because, like them, we bring the fiduciary’s commitment to our clients in everything we do, along with a holistic approach and a personal touch. We’re looking forward to the partnership and the additional services Lido can bring to our clients,” said Olsen, the president of Platte River Wealth Advisors, in a statement.