Complementary Planning-Led Michigan RIA with Over $830M in RAUM
Lido Advisors, a leading wealth advisory firm with over $29 billion in RAUM*, announced today that it will be partnering with Exchange Capital Management, an Ann Arbor-based RIA with over $830 million in RAUM*. ECM is an independent, fee-only fiduciary firm specializing in comprehensive wealth management.
“The close-knit team at ECM has deep roots in the Ann Arbor and surrounding southeastern Michigan communities which will help us as we continue to expand in the region and around the country,” said Jason Ozur, CEO of Lido. “Their seasoned expertise will strengthen our ability to steward high-net-worth families across their entire financial lives.”
All thirteen team members from ECM will join Lido, including CEO Michael Reid, CFA and Senior Investment Advisor Kevin McVeigh, CFA. The firm’s expertise includes comprehensive financial planning, retirement plan management, and sophisticated investment management services.
“Our business was built on our commitment to empowering clients and their families to ‘live richly’ and free from worry,” said Michael Reid. “This dedication to protecting and growing the wealth which our families have entrusted to our care is something we share with Lido, and their comprehensive family office style will further enhance our impact. We look forward to moving forward, and growing, together.”
DeVoe & Co. served as exclusive financial advisor to ECM.
