Lido Advisors partners with Avitas Wealth Management to expand multigenerational services

Lido Advisors, a wealth advisory firm managing over $24 billion in regulatory assets under management (RAUM), has announced a strategic partnership with Avitas Wealth Management, an independent firm based in Los Angeles. With $1.1 billion in RAUM as of September 2024, Avitas specializes in bespoke financial strategies for multigenerational families, furthering Lido’s commitment to personalized wealth management.

The partnership aligns with Lido Advisors’ broader strategy to combine organic growth with targeted acquisitions that strengthen its national footprint while enhancing local services. Ken Stern, President of Lido, emphasized that this collaboration would reinforce Lido’s Los Angeles presence and extend its capacity to deliver tailored solutions to clients. Stern also highlighted the cultural synergy between the firms, calling it a “perfect fit” for advancing their shared vision of client-centric financial planning.

Expanding Services for Multigenerational Families

Avitas Wealth Management has been a trusted name for families seeking personalized, long-term financial strategies. Managing Principal Eric Taslitz stated that joining Lido would enable Avitas to expand its capabilities and offer additional value to clients. He noted that both firms share a dedication to delivering solutions tailored to the unique needs of individuals and families.

Catherine Gerst and Greg Satz, lead partners at Avitas, will join Lido alongside Taslitz. Their addition is expected to bring a wealth of expertise to Lido’s offerings, particularly in areas like estate planning, tax solutions, and legacy management.

A History of Strategic Growth

Since 2021, Lido Advisors has aggressively pursued a strategy combining robust organic growth with mergers and acquisitions. The firm has more than tripled its RAUM since 2020, securing partnerships in Colorado and Wisconsin earlier this year. CEO Jason Ozur highlighted the diligence involved in aligning with culturally compatible firms, describing Avitas as a “seamless fit.” He stressed that the collaboration would allow Lido to serve its growing clientele more effectively while strengthening its home base in Los Angeles.

A Comprehensive Wealth Management Approach

Lido Advisors is known for offering a family-office experience, providing clients with risk-mitigated investment strategies and access to alternative assets. Its services include tax, estate, and legacy planning, designed to meet the diverse needs of high-net-worth individuals and families. The partnership with Avitas reinforces Lido’s focus on delivering high-touch client experiences and innovative financial planning solutions.

As Lido Advisors continues to expand its presence across the United States, this latest partnership underscores the firm’s dedication to cultivating long-term relationships with clients. Both firms anticipate that their combined resources and expertise will yield significant benefits for their clients while setting a benchmark for excellence in wealth advisory services.