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Competition, Consolidation Heats Up Among Wealth Advisors

Published 10-04-2021

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In May, Century City-based Lido Advisors, with $10 billion in assets under management and in a dozen U.S. cities, formed a strategic partnership with Boston-based private equity firm Charlesbank Capital Partners.

“Charlesbank’s financial support in Lido Advisors is helping accelerate our consolidation plans,” said Lido Chief Executive Jason Ozur. “Charlesbank, Lido Advisors and other private equity investors we have met with are attracted to the RIA space because it is highly fragmented and ripe for consolidation.”

RIA firms also have high client retention rates coupled with recurring revenue, according to Ozur. And they’re looking ahead to make the most of it.

“Lido Advisors is keenly aware of how smaller firms are being impacted,” said Ozur of the consolidation trend. “We see this as a huge trend over the next five to 10 years, and we’re poised to take advantage of it.”