Lido Advisors Completes Lift Out of $700 Million Fixed Income Team from First Western Financial in Partnership with F/m Acceleration and Oakhurst Capital Management
The transaction sets the stage for a collaborative joint venture that levels up unique investment offerings and services for clients
LOS ANGELES — Lido Advisors, LLC, (www.lidoadvisors.com) – a full-service, independent, registered investment advisory firm – today announced it will finalize the acquisition of the fixed income business, team and mutual funds of First Western Capital Management Company, a subsidiary of First Western Financial, Inc. (NASDAQ:MYFW). The transaction with First Western Capital Management, which closed effective November 13, 2020, also reflects a new partnership between Lido Advisors and nationally-recognized F/m Acceleration, LLC, a growth platform for boutique, lift out and overseas asset managers and wealth manager, with the fixed income team jointly owned and rebranded as Oakhurst Capital Management.
“We are continuously investing in people, as well as processes and technologies that level up our unique investment offerings and services for our clients,” said Lido Advisors President Jason Ozur.
“With this acquisition, we will be able to significantly enhance our institutional-quality and customized fixed income portfolios for advisors and investors across the US,” Ozur continued. “Moving forward, we see powerful potential synergies between our rapidly growing wealth management practice, the robust trading and operations platform of F/m Acceleration and the talented fixed income team joining Oakhurst.”
While Lido Advisors brings a national scope of expertise to high-net-worth individuals, family offices, wealth management firms and institutional investors, F/m Acceleration provides well-capitalized infrastructure and services for fixed income managers and asset managers.
“We are excited to expand the roster of innovative, performance-driven asset managers joining the full-service F/m Acceleration platform,” says F/m Acceleration CEO David Littleton. “We are pleased to be partner in providing a new home to an accomplished fixed income team.”
The fixed income team, which began operations in 2009, will remain in Los Angeles and continue to serve a diverse client base of high net worth and institutional clients. The team will also continue to manage the fixed income separate accounts and mutual funds currently under their supervision. Their mutual fund trust will be renamed the F/m Funds Trust. The mutual funds will be renamed the Oakhurst Fixed Income Fund, the Oakhurst Short Duration Bond Fund, and the Oakhurst Short Duration High Yield Credit Fund.
“These times are without a doubt as exciting as they are challenging,” Ozur adds. “With the combined experience and expertise of Lido, Oakhurst and F/m Acceleration, we present a fortified and united front for all of our clients in 2021 and for decades to come.”
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.
About Oakhurst Advisors, LLC:
Oakhurst Advisors, LLC (https://oakhurstfunds.com/) is a Los Angeles-based registered investment advisor committed to providing the high-net-worth family office and institutional community with best-in-class investment solutions. Oakhurst’s primary mission is to source, research and then deliver to the investment community niche, alternative investment strategies. We focus on proprietary management styles that can provide unique risk-adjusted returns and have historically provided true alpha. With its fixed income trading team, Oakhurst also provides cutting-edge strategies for investment advisors and family offices.
About F/m Acceleration:
Founded in 2019 by industry veterans and backed by long-term institutional capital, F/m Acceleration empowers growth and independence for boutique, lift out and overseas asset managers. F/m Acceleration provides portfolio managers with institutional-grade investment systems, business operations and marketing support. F/m enables talented managers to focus on what they do best: managing investments and delivering performance. With its manager partners, F/m seeks to provide advisors and institutional investors with access to innovative investment strategies.