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Lido Advisors Announces Acquisition of Enterprise Trust & Investment Company

Published 06-14-2022

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June 14, 2022 | Lido Advisors, LLC (“Lido”), a leading wealth management firm for high-net-worth individuals, announced today the key strategic acquisition of Enterprise Trust & Investment Company (“ETIC”). ETIC is a leading California-based trust company providing private trustee services and investment management to high-net-worth individuals and families, local foundations, and endowments. The acquisition will enable Lido to expand its comprehensive wealth planning process designed to grow, protect, and maximize clients’ wealth.

“Our partnership with ETIC further solidifies that commitment by enabling personal trust services for all of our clients. We are incredibly impressed by ETIC and their management team, and the potential value they can bring to our platform and clients is truly exciting.”

Founded in 1995 and based in the Greater San Francisco Bay Area, ETIC manages approximately $800 million in assets, providing its clients with trust, fiduciary, and investment management services. ETIC has grown considerably over the years through a unique combination of trust expertise and personalized asset management.

“Given our family office approach to wealth management, Lido is constantly innovating to enhance our clients’ lives and legacies through high caliber wealth planning and investment solutions,” noted Jason Ozur, Lido’s Chief Executive Officer. “Our partnership with ETIC further solidifies that commitment by enabling personal trust services for all of our clients. We are incredibly impressed by ETIC and their management team, and the potential value they can bring to our platform and clients is truly exciting.”

Added Marc Rebboah, President & Chief Executive Officer of ETIC: “The core of ETIC’s vision has always been to provide our clients with an unparalleled level of personalized attention and act in their sole best interest to protect their assets. Lido shares our vision and commitment to excellence, while bringing significant resources and highly complementary expertise. We look forward to a long and successful partnership.”

The transaction is expected to close in Q3 2022, subject to customary closing conditions and regulatory approvals. Financial terms of the transaction were not disclosed. Alston & Bird LLP served as legal counsel to Lido. Piper Sandler served as exclusive financial advisor to ETIC and Manatt, Phelps & Phillips, LLP served as its legal counsel.