Lido Advisors Closes Acquisition of Enterprise Trust & Investment Company
August 22, 2022 | Lido Advisors, LLC (Lido), a leading wealth management firm for high net worth individuals, announced today that it has closed the previously announced 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. ETIC’s combination of trust expertise and personalized asset management will help Lido expand its comprehensive wealth planning process, which is designed to maximize clients’ wealth by enabling personal trust services for all clients.
“Today is an exciting day as we officially welcome ETIC to our Lido family,” said Jason Ozur, Lido’s Chief Executive Officer. “Leveraging the expertise of a veteran trust team strongly positions Lido in its efforts to maximize and protect our clients’ wealth.”
Marc Rebboah, President & Chief Executive Officer of ETIC, added, “ETIC shares the same vision as Lido, which is to act in the best interest of our clients, always. Since the beginning, ETIC has been focused on delivering quality investment management and services with individualized attention. We’re grateful to continue to deliver on that vision with Lido.”
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.
About Lido Advisors
Lido Advisors is a nationally recognized wealth advisory firm headquartered in Los Angeles, California, with over $11 billion in assets under management and 27 offices across the United States. The firm embraces an active approach to asset management focused on risk mitigation and access to alternative, core and tactical investment strategies. Lido provides a family office experience to its clients, with a deep commitment to personalized, comprehensive wealth planning and access to affiliated professionals providing bespoke tax, estate and legacy solutions. Lido is focused on creating an innovative, high-touch client experience and becoming its clients’ financial life partner. For more information, please visit www.lidoadvisors.com.
About Enterprise Trust & Investment Company
Enterprise Trust & Investment Company is a California-chartered trust company headquartered in Los Gatos, California, with approximately $800 million in assets under management. The firm was founded in 1995 with the vision of serving as a local independent trust company that would deliver quality investment management and fiduciary services to high net worth individuals and their families. Over 25 years later, ETIC continues to provide individualized attention at the highest professional service levels, with a non-product and non-commission orientation. For more information, please visit www.enterprise-trust.com.
Hirsch Leatherwood for Lido Advisors