Lido Advisors Expands with Olympus Wealth Management Partnership
Lido Advisors Unveils Strategic Partnership with Olympus Wealth Management
Salt Lake City-Based RIA Serves High-Net-Worth & Ultra-High-Net-Worth Clients with Over $850 Million in Regulatory Assets Under Management
In an exciting development for the wealth management sector, Lido Advisors, a prominent wealth advisory firm boasting a remarkable $29 billion in regulatory assets under management (RAUM), has announced a strategic partnership with Olympus Wealth Management. This independent wealth management firm, which manages over $850 million in assets, positions itself as a trusted advisor for high-net-worth and ultra-high-net-worth business owners and families.
The partnership signifies a major step for both firms, as they unite to enhance their offerings in comprehensive wealth management services. Ken Stern, President of Lido Advisors, expressed his enthusiasm for the collaboration: "Olympus was founded by three partners who have spent their entire careers helping clients organize, maximize, and protect their financial lives and legacies. This focus aligns perfectly with our mission to also prioritize long-term success for our clients. Their commitment to building strong client relationships makes them a natural extension of our wealth management platform."
Olympus Wealth Management has carved out a niche in the financial sector with a range of services that not only encompass comprehensive wealth management but also include multi-family office services. This structure allows them to act as chief financial officers for their clients' families, providing holistic financial support. The entire Olympus team will continue their operations in Utah, with their office becoming an essential part of Lido's growing national presence.
Founding partners Scott Poelman, Scott Bird, and Matt Krull of Olympus articulated the benefits of their collaboration: "Strategic insights and tailored solutions are at the core of how we help clients unlock their financial potential. Partnering with Lido opens up a thriving platform for us to expand this impact while continuing to serve the networks and community we've committed to throughout our careers. We're truly excited about the meaningful value this partnership will deliver, allowing our clients to focus on what matters most."
This successful merger is supported by key advisors; Turkey Hill Management is acting as financial advisor while the legal aspects are being overseen by the Salt Lake City office of Dentons for Olympus, with Sidley Austin LLP advising Lido.
About Lido Advisors
Lido Advisors is a nationally recognized wealth advisory firm headquartered in Los Angeles, California. With a significant portfolio and 40 offices nationwide, Lido is dedicated to an active asset management approach, emphasizing risk mitigation and offering access to diverse investment strategies. Their focus remains on creating an innovative client experience and establishing itself as the financial partner of choice for clients seeking personalized and comprehensive wealth planning.
Media Contact
Sarah Tremallo
JConnelly for Lido Advisors
908.967.0381
Frequently Asked Questions
What is the main purpose of the partnership between Lido Advisors and Olympus Wealth Management?
The partnership aims to enhance the range of wealth management services for high-net-worth clients through combined resources and expertise.
How much does Olympus Wealth Management manage in assets?
Olympus Wealth Management manages over $850 million in regulatory assets under management (RAUM).
Who are the key leaders at Olympus Wealth Management?
The founding partners of Olympus Wealth Management are Scott Poelman, Scott Bird, and Matt Krull.
What services does Olympus Wealth Management provide?
Olympus offers comprehensive wealth management solutions and multi-family office services, acting as chief financial officers for their client's families.
Where is Lido Advisors headquartered?
Lido Advisors is headquartered in Los Angeles, California and has over 40 offices across the United States.
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