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Lido Advisors Announces Acquisition Of Enterprise Trust & Investment Company To Further Expand Its Wealth Management Platform

Jun 14, 2022•over 3 years ago

Acquiring Company

Lido Advisors

Acquired Company

Enterprise Trust & Investment Company

Financial ServicesProfessional ServicesFinancial Services

Description

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.

Company Information

Company

Lido Advisors

Location

N California Blvd

About

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.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed