Lido Advisors Buys $600M Rocky Mountain RIA
Lido Advisors, LLC has acquired Platte River Wealth Advisors, a Louisville, CO-based registered investment advisor with more than $600 million in assets under management.
The latest deal, the third of the year, follows Los Angeles-based Lido’s recently announced acquisition of Pegasus Partners, a Mequon, WI-based registered investment advisor with over $3 billion in assets, bringing Lido’s assets under management to between $27 billion and $28 billion.
All members of the Platte River team will join Lido, which includes Tyler Olsen, president and wealth advisor and Warren Baker, director of investment strategy, will become partners at Lido.
“Our M&A strategy has always been about adding top-tier professionals and strategically expanding our geographic footprint in key regions, and this team embodies that vision,” said Jason Ozur, CEO of Lido Advisors.”
Lido, founded in 1999, has been acquiring RIAs since receiving significant backing from private equity firm Charlesbank Capital Partners in 2021. In January, the firm announced that former Emigrant Partners CEO Karl Heckenberg’s Constellation Wealth Capital, an investor in wealth management firms, became a strategic partner and minority investor.
