Lido Advisors Expands in Los Angeles with Avitas Wealth Management Acquisition
Lido Advisors Expands LA Footprint with Acquisition of $1.1 Billion Avitas Wealth Management
Los Angeles, CA – Lido Advisors, a leading wealth management firm with over $24 billion in assets under management, announced today the acquisition of Avitas Wealth Management, a Los Angeles-based firm specializing in serving multigenerational families. The deal, which brings avitas’ $1.1 billion in assets under Lido’s umbrella, further strengthens Lido’s presence in its hometown market.
“Our firms share common roots in Los Angeles,and Avitas is a seamless fit for Lido Advisors,” said Jason ozur,CEO of Lido Advisors. “This partnership allows us to expand our clientele while providing extraordinary investment and wealth management services.”
Founded over two decades ago, Avitas Wealth Management is led by partners Eric Taslitz, Catherine Gerst, and Greg Satz. The firm’s focus on multigenerational wealth planning aligns perfectly with Lido’s commitment to providing thorough financial solutions for families across generations.
“The cultural alignment and the possibility to further strengthen our home base in Los Angeles made this partnership an obvious choice,” Ozur added.
This acquisition marks Lido Advisors’ fourth deal of the year, following a string of strategic acquisitions across the country. Earlier this year, Lido acquired Pegasus Partners, a Wisconsin-based RIA with over $3 billion in assets, marking its largest deal since securing a minority investment from Constellation Wealth Capital.
Lido Advisors, founded in 1999, has grown significantly in recent years, expanding its team to over 130 advisors and establishing more than 30 offices nationwide. The firm offers a comprehensive suite of services, including financial planning, investment management, and third-party tax, trust, and estate services to over 4,700 clients.
The acquisition of Avitas Wealth Management underscores Lido Advisors’ commitment to growth and its dedication to providing exceptional service to clients in the Los Angeles area and beyond.
Lido Advisors Expands LA Footprint with Acquisition
NewsDirectory3.com – Lido Advisors, a Los Angeles-based wealth management firm with over $24 billion in assets under management, has acquired Avitas Wealth Management, a Los Angeles firm specializing in serving multigenerational families. This deal, which brought Avitas’ $1.1 billion in assets under Lido’s umbrella, further strengthens Lido’s presence in it’s hometown market.
“Our firms share common roots in Los Angeles, and Avitas is a seamless fit for Lido Advisors,” said Jason Ozur, CEO of Lido Advisors. “This partnership allows us to expand our clientele while providing extraordinary investment and wealth management services.”
Founded over two decades ago, Avitas Wealth Management is lead by partners Eric Taslitz, Catherine Gerst, and Greg Satz. The firm’s focus on multigenerational wealth planning aligns perfectly with Lido’s commitment to providing thorough financial solutions for families across generations.
“The cultural alignment and the possibility to further strengthen our home base in Los Angeles made this partnership an obvious choice,” Ozur added.
This acquisition marks Lido Advisors’ fourth deal of the year, following a string of strategic acquisitions across the country.Earlier this year, Lido acquired Pegasus Partners, a Wisconsin-based RIA with over $3 billion in assets, marking its largest deal as securing a minority investment from Constellation Wealth Capital.
Lido Advisors, founded in 1999, has grown significantly in recent years, expanding its team to over 130 advisors and establishing more than 30 offices nationwide.The firm offers a comprehensive suite of services, including financial planning, investment management, and third-party tax, trust, and estate services to over 4,700 clients.
The acquisition of Avitas Wealth Management underscores Lido Advisors’ commitment to growth and its dedication to providing remarkable service to clients in the Los Angeles area and beyond.