Lido Advisors Acquires ECM | Midwest Expansion
Lido Advisors has just acquired Exchange Capital Management (ECM), marking a significant expansion into the Midwest and strengthening its financial management capabilities. This strategic move sees all 13 ECM employees joining Lido’s team,leveraging ECM’s established presence in Ann Arbor and southeastern Michigan. CEO Jason Ozur highlights that this acquisition supports Lido’s broader growth strategy and ability to serve high-net-worth families, adding to a series of acquisitions. This is another example of Lido advisors’ commitment to strategic expansion and the enhancement of services.Stay informed with News Directory 3 for the latest updates in financial markets. Discover what’s next for Lido Advisors and its Midwest presence.
Lido Advisors Acquires Exchange Capital Management to Bolster Midwest Presence
Updated June 12, 2025
Lido Advisors, a Los Angeles-based registered investment advisor (RIA) managing over $29 billion in assets, has acquired Exchange Capital Management (ECM), an independent Michigan firm with approximately $830 million in assets under management. This acquisition represents Lido’s latest strategic move to expand its reach.
As part of the agreement, all 13 ECM employees, including CEO Michael Reid and senior advisor Kevin McVeigh, will join Lido’s team.
Jason Ozur, CEO of Lido, emphasized the importance of ECM’s deep ties within Ann Arbor and southeastern Michigan.He said the acquisition will support Lido’s ongoing expansion efforts in the region and nationwide. Ozur added that ECM’s expertise will enhance Lido’s ability to serve high-net-worth families.
“The close-knit team at ECM has deep roots in Ann Arbor and surrounding southeastern Michigan communities which will help us as we continue to expand in the region and around the country,” said Jason Ozur, CEO of Lido. “Their seasoned expertise will strengthen our ability to steward high-net-worth families across their entire financial lives.”
Since 2024, Lido Advisors has actively grown through acquisitions and partnerships. These include Avitas Wealth Management ($1.1 billion), pegasus Partners ($3 billion), and Copperwynd Financial ($720 million). Lido also secured a minority investment from Constellation Wealth and welcomed HPS Investment Partners as a strategic investor, joining existing backers Charlesbank and Constellation. These moves underscore Lido’s commitment to strategic growth and enhanced financial management services.
What’s next
With the acquisition of Exchange Capital Management, Lido Advisors is poised to further solidify its presence in the Midwest and continue its strategic expansion across the country, enhancing its financial management services for high-net-worth clients.