Today we are pleased to announce a signed agreement to partner with Lido Advisors, LLC, expanding our client resources with a highly strategic partner.
Lido Advisors is a nationally recognized wealth advisory firm headquartered in Los Angeles, California, with over $12 billion in assets under management and 28 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.
“We chose to partner with Lido because of the strong alignment between our firms. Like CFM, Lido has a client-centric approach that considers estate, tax, and investment management with care and transparency for every client,” said Brad Bickham, Managing Partner of CFM. “Lido’s family office approach and commitment to partnership deeply resonated with our team and our vision for our clients. We look forward to staying true to our roots as a local fiduciary while generating a greater impact for our clients’ lives and legacies.”
The transaction is expected to close in Q1 2023, subject to customary closing conditions and regulatory approvals. Financial terms of the transaction were not disclosed. Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo, P.C. served as legal counsel to Lido. David Selig of Advice Dynamics Partners LLC served as the exclusive financial advisor to CFM, and Hanson Bridgett LLP served as its legal counsel.