Lido Advisors Acquires $830M ECM to Expand Midwest Presence 

Lido Advisors, the Los Angeles–based RIA with over $29 billion in regulatory assets under management, has acquired Exchange Capital Management (ECM), a Michigan‑based independent firm overseeing approximately $830 million in assets. This marks Lido’s latest strategic move in its ambitious growth plan, following several recent acquisitions across multiple regions. 

All 13 ECM employees, including CEO Michael Reid and senior advisor Kevin McVeigh, will transition to Lido’s platform. 

“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 has acquired or partnered with firms including Avitas Wealth Management ($1.1 billion), Pegasus Partners ($3 billion), and Copperwynd Financial ($720 million), while also taking a minority stake from Constellation Wealth. Lido recently welcomed HPS Investment Partners as a new strategic investor alongside existing backers like Charlesbank and Constellation. 

DeVoe & Co. served as exclusive financial advisor to ECM.