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2020 in Review: Lido Expands Client Offering and Team Members, Paving the Way Toward Future Growth

Published 01-20-2021

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National investment advisory firm of 90+ team members increases assets under management by more than 35%, from $5.3 bn to $7.36bn in 2020

Los Angeles, Jan. 20, 2021 — Lido Advisors, LLC (www.lidoadvisors.com) – a full-service, independent, registered investment advisory (RIA) firm – is pleased to report on a year of remarkable growth and industry achievements in 2020. In addition to reaching $7.36bn in assets under management (AUM) reflecting an increase of more than 35% from $5.3bn, Lido closed on major deals and earned high industry recognition. Most important, Lido celebrates the extraordinary people who recently joined the firm and those who have been onboard for years, working tirelessly to provide the industry’s highest level of client services and expertise.

“In what has been an extremely volatile year, our talented and experienced team rose to the occasion—hitting all the marks in 2020 and often times exceeding them,” says Lido Advisors President Jason Ozur. “This was not achieved by luck or chance but rather a very deliberate approach that included hiring outstanding people, adding more client offerings, and closing on major deals, including the acquisition of First Western Financial’s Fixed-Income Team and Sterling Bancorp’s Quantum Capital Management Wealth Management Business. I congratulate a stellar group of people who are skillfully tenacious and thank our clients and partners.”

Lido Advisors’ industry recognition and accolades included the following:

  • Named #52 on Barron’s Top 100 RIA Firms
  • Listed among Financial Times Top 300 Registered Investment Advisors (7th year)
  • Ranked #1874 on Inc. 5000 list for a 3rd time
  • Ranked #40 on Los Angeles Business Journal’s (LABJ) list of Fastest Growing Private Companies
  • Greg Kushner, Jason Ozur and Alyssa Weinberger named Leaders of Influence, Wealth Managers by LABJ
  • Evan Levy, Jefferey Westheimer and Greg Kushner named Five-Star Professionals
  • Michael Karsa named among Top Next-Gen Wealth Advisors by Forbes 
  • Jason Lee recognized as Leader in Law by LABJ

In 2020 Lido Advisors brought the following diverse group of top talent to its growing team:

Executive Management
Roberto Paredes, EVP, Head of Distribution

Investment and Analytics Team 
Gina Sanchez, Chief Market Strategist 
Andrew Parmet, Senior Vice President 

Advisors
Hedieh Bolour, Senior Vice President, Wealth Advisor 
Dani Comart, Vice President 
Colin Grover, Vice President
Susan Kim, Vice President 
Shawn Moran, Vice President 
Marc Ordona, Vice President 
Ann-Marie Sandquist, Vice President 

Estate & Tax 
Jenna Glassock, Esq., Trusts and Estates 
William Coughlan, Vice President, Tax Specialist

“We look forward to another year of growth and expansion,” adds Mr. Ozur. “With a solid team in place, we are ready for anything.”

To learn more, visit: www.lidoadvisors.com

About Lido Advisors, LLC:

Lido Advisors, LLC, is a nationally recognized wealth advisory firm headquartered in Los Angeles, California, and with offices across the U.S. It executes innovative and comprehensive investment and wealth strategies designed to grow, protect, and maximize its clients’ legacies. Lido Advisors is focused on creating an elegant, effective, and responsive client experience that exemplifies its commitment to excellence.

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Barron’s “Top 100 RIAs” is a list published annually by Barron’s. Recipients are selected by Barron’s via their own proprietary consideration process. The information for selection is provided by the applicants, and there is no fee paid for consideration for being listed. The inclusion of a Registered Investment Advisor on the “Top 100 RIAs” list should not be construed as an endorsement by Barron’s. There is no guarantee as to future investment success by working with any firm, including those which make the list. There is no assurance that any firm which made the list in a given year will continue to make the list in subsequent years. For more information, please visit www.barrons.com

The Financial Times 300 Top Registered Investment Advisers is an independent listing produced annually by Ignites Research, a division of Money-Media, Inc., on behalf of the Financial Times (July 2020). The FT 300 is based on data gathered from RIA firms, regulatory disclosures, and the FT’s research. The listing reflected each practice’s performance in six primary areas: assets under management, asset growth, compliance record, years in existence, credentials and online accessibility. Over 750 qualified firms applied for the award, 300 of which were selected (40%). This award does not evaluate the quality of services provided to clients and is not indicative of the practice’s future performance. Neither the RIA firms nor their employees pay a fee to The Financial Times in exchange for inclusion in the FT 300.

The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

The Los Angeles Business Journal’s 2020 Fastest Growing Private Companies List ranks companies by their percentage growth from 2017 to 2019. In order to qualify for the list, a company must be privately held, for-profit, headquartered in L.A. County, in business as of Jan. 1, 2017, and not be a division or subsidiary of another company. Each company is also required to have at least $5 million in 2019 revenue. Law firms, banks and private equity firms were excluded because they do not report revenue in a conventional manner. Information for consideration was provided by representatives of the companies themselves. Companies do not pay a fee to participate.

The Los Angeles Business Journal’s 2020 Leaders of Influence, Wealth Manager honorees were selected by the Los Angeles Business Journal via their own internal selection methodology. Individuals considered work in the Wealth Management profession in the Los Angeles area. Each was nominated for consideration and did not pay a fee to participate.

The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria. Eligibility criteria – required: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Actively licensed as a registered investment adviser or as a principal of a registered investment adviser firm for a minimum of 5 years; 3. Favorable regulatory and complaint history review (As defined by Five Star Professional, the wealth manager has not; A. Been subject to a regulatory action that resulted in a license being suspended or revoked, or payment of a fine; B. Had more than a total of three settled or pending complaints filed against them and/or a total of five settled, pending, dismissed or denied complaints with any regulatory authority or Five Star Professional’s consumer complaint process. Unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process; feedback may not be representative of any one clients’ experience; C. Individually contributed to a financial settlement of a customer complaint; D. Filed for personal bankruptcy within the past 11 years; E. Been terminated from a financial services firm within the past 11 years; F. Been convicted of a felony); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients. Evaluation criteria – considered: 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. Wealth managers do not pay a fee to be considered or placed on the final list of Five Star Wealth Managers. Award does not evaluate quality of services provided to clients. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The Five Star award is not indicative of the wealth manager’s future performance. Wealth managers may or may not use discretion in their practice and therefore may not manage their clients’ assets. The inclusion of a wealth manager on the Five Star Wealth Manager list should not be construed as an endorsement of the wealth manager by Five Star Professional or this publication. Working with a Five Star Wealth Manager or any wealth manager is no guarantee as to future investment success, nor is there any guarantee that the selected wealth managers will be awarded this accomplishment by Five Star Professional in the future. For more information on the Five Star award and the research/selection methodology, go to fivestarprofessional.com. 3,527 Los Angeles area wealth managers were considered for the award; 158 (4% of candidates) were named 2020 Five Star Wealth Managers. 2019: 3,528 considered, 154 winners; 2018: 2,708 considered, 154 winners; 2017: 2,351 considered, 287 winners; 2016: 2,374 considered, 298 winners; 2015: 3,105 considered, 327 winners; 2014: 6,088 considered, 340 winners; 2013: 3,488 considered, 372 winners; 2012: 1,019 considered, 176 winners.

The Forbes Next-Gen Wealth Advisors rankings, developed by SHOOK Research, is based on an algorithm of qualitative criterion, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of four years’ experience, and the algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and those that encompass the highest standards of best practices. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings.

The Los Angeles Business Journal’s 2020 Leaders in Law honorees were selected by the Los Angeles Business Journal via their own internal selection methodology. Individuals considered were general counsels and firm-based attorneys in the Los Angeles area. Each was nominated for consideration and did not pay a fee to participate.

Lido Advisors, LLC is an investment advisor registered with the Securities & Exchange Commission. SEC registration does not denote competence, ability, or expertise.  As an SEC-registered advisor, we are required to publicly file certain information with the SEC as well as furnish or provide you with the opportunity to obtain information about our principals, employees, products, services, and fee schedules.  Please review our Form ADV, which provides this information, at adviserinfo.sec.gov, call us at (310) 278-8232, or mail us at 1875 Century Park East, Suite 950, Los Angeles, CA 90067 for a copy of our Form ADV.

The future is uncertain and cannot be predicted.  Past performance is not indicative of future performance. These materials are provided for informational and illustrative purposes only and should not be relied upon as the basis of an investment decision. You should not construe this as investment advice or an offer to buy or sell securities.  All content herein has been obtained from sources deemed to be reliable, but is subject to unintentional errors, omissions and changes without notice, and is not warranted as to its accuracy or completeness. You should not rely on the information contained herein, and should rely solely on, and carefully read, the appropriate offering and related subscription materials relating to any specific investment before making a decision to invest.

Not all investments are suitable for all clients. Investing carries a risk of loss, including the complete loss of principal. Different types of investments involve varying degrees of risk and there can be no assurance that any specific investment will be profitable or suitable for your financial situation or risk tolerance.  Any references to projected or future expected returns or risk are not guarantees, promises, or assurances that these outcomes will be achieved.  Before investing, you should seek financial advice regarding the appropriateness and suitability of the contemplated investment as not all investments are suitable for all investors.

We do not provide legal or tax advice.  Any investment has tax and legal consequences.  You should consult with a licensed professional prior to making any investment.

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