Lido Advisors Buys New England RIA

Lido Advisors, a $19 billion Los-Angeles-based wealth advisor for high-net-worth clients backed by private equity shop Charlesbank Capital Partners, has acquired Claybrook Capital, a Boston-based registered investment advisor (RIA) with nearly $300 million in assets.

Financial terms of the deal, including its projected closing date, were not disclosed.

Founded in 2017, Claybrook Capital provides financial planning and personalized investment management catering to high-net-worth and ultra-high-net-worth individuals, families, and businesses.

“We have long felt that clients in the New England region would benefit from our range of family office services and holistic approach to wealth management, but we wanted to make sure that we found the right partners to realize that goal,” said Jason Ozur, Lido’s CEO.

Jerry Nigro, founding partner and senior wealth advisor at Claybrook, and managing director Virginia Aaron will both join Lido.

Nigro has nearly three decades’ experience as a financial advisor and held senior positions at Goldman Sachs, UBS, and Robertson Stephens before launching Claybrook Capital. Aaron also worked at the same firms as Nigro.