FUNDRAISING NEWS | June 11, 2024
Lido Advisors has acquired Shore Morgan Young Wealth Strategies, a central Ohio RIA based in New Albany, managing approximately $615 million for over 450 clients. The acquisition is expected to finalize this month, although specific financial terms were not disclosed.
Principals Lew Shore, Jon Morgan, and Marya Young will receive equity in Lido through the transaction. Shore Morgan Young Wealth Strategies employs 10 advisors and maintains a brokerage relationship with Lincoln Investment Planning. This acquisition aims to enhance Lido Advisors' service offerings and expand its presence in Ohio.
Lew Shore founded his practice in 1974 and, with over 45 years in financial planning, has been pivotal for SMY clients. Jon Morgan began in 1989 and partnered with Shore in 1995 to form Shore Morgan Financial Advisors. With over 30 years in the industry and Series 7 and 63 registrations, he focuses on strategic financial planning. Marya Young joined in 2002, became a partner in 2004, and helped form Shore Morgan Young, LLC. With over 20 years in financial services and a background in private banking, she excels in wealth management and financial goal achievement.
John Washington is the Data Research Analyst at Dakota.
