Lido Advisors has acquired Olympus Wealth Management, a Salt Lake City-area based wealth management firm with more than $850 million in regulatory assets under management, marking another strategic step in Lido’s ongoing expansion into key regional markets.  

Olympus, known for its fee-only fiduciary model and expertise serving high-net-worth and ultra-high-net-worth families and business owners, brings a full suite of wealth management and multi-family office capabilities to the Lido platform. 

Headquartered in Cottonwood Heights, UT, Olympus offers clients a highly personalized service model, acting as “chief financial officer” for the families they serve. Under the terms of the transaction, the entire Olympus team will remain in place, and its office will become a key location within Lido’s national footprint. 

“Olympus’s deep commitment and sophisticated approach to building long-term client relationships makes them a natural fit as we expand our holistic wealth management platform in the Salt Lake City metro area and beyond,” said Ken Stern, President of Lido Advisors. 

The deal follows a series of strategic acquisitions by Los Angeles-based Lido Advisors, which now manages over $29 billion in regulatory AUM across 40 offices nationwide. In recent months, Lido has added Exchange Capital Management ($830 million), Avitas Wealth Management ($1.1 billion), Pegasus Partners ($3 billion), and Copperwynd Financial ($720 million). 

The firm also welcomed HPS Investment Partners as a new strategic investor, joining existing backers Charlesbank Capital Partners and Constellation Wealth.  

Turkey Hill Management served as financial advisor and Dentons’ Salt Lake City office provided legal counsel to Olympus, while Sidley Austin LLP advised Lido.