Lido Advisors Acquires $500M California Wealth Management Firm

Lido Advisors has acquired a California-based wealth management firm, which mainly focuses on providing structured outcomes. 

The RIA’s latest addition is Palos Verdes, CA-based Stuart Chaussée & Associates, which has $500 million in regulatory assets under management as of the end of September, according to Lido Advisors. 

Stuart Chaussée & Associates offers “specialized” portfolio management, wealth management, and real estate services to high-net-worth clients. 

The firm, which was founded in 2012 by Stuart Chaussée, includes two other employees, Henry and Linda Chaussée, according to the firm’s website. 

“Lido was a unique opportunity to partner with a philosophically and culturally-aligned firm that is headquartered locally while accessing advanced planning and investment resources,” said Stuart. “I look forward to bringing even greater clarity, value, and financial peace of mind to my clients while unlocking the next chapter of growth.” 

Stuart Chaussée & Associates marks Lido’s 7th acquisition and is set to close before the year ends; a company spokesperson confirmed to Connect Money.  

Lido currently has various partnership opportunities at “different stages” and is “excited about the quality and depth of [Lido’s] pipeline, closing out the year and heading into the new year,” Henry Hagenbuch, senior managing director of M&A at Lido Advisors, said to Connect Money. 

Recently, Lido Advisors acquired Warren, NJ-based Fountainhead Advisors, which oversees about $1.2 billion in regulatory assets under management. 

Last January, Lido sold a minority stake to private equity firm Constellation Wealth Capital, which is aimed at helping the firm grow through strategic partnerships and acquisitions. 

In May, Lido also sold a minority investment to HPS Investment Partners, an alternative investment firm.  

HPS joins Lido’s existing investor, Charlesbank Capital Partners, which has been a majority stakeholder since 2021. 

Los Angeles-based Lido Advisors, which was founded in 1999 and is led by CEO Jason Ozur, manages more than $38 billion in total assets across 45 offices, the firm said.