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FUNDRAISING NEWS | December 11, 2024

Lido Advisors Acquires $1.1B Los Angeles RIA Avitas Wealth

Tags: RIA, Mergers / Acquisitions

Lido Advisors announced the acquisition of Los Angeles-based independent wealth advisory firm Avitas Wealth Management, adding $1.1B in regulatory assets under management.

Avitas focuses on serving multigenerational families and is led by partners Eric Taslitz, Catherine Gerst, and Greg Satz. Lido CEO Jason Ozur said the strong cultural alignment and opportunity to expand the firm’s footprint in its “home base” of Los Angeles made Avitas a good fit for merging into the family-office-style wealth manager. 

As reported by Dakota in October, Lido acquired $600M Colorado-based HNW firm Platte River Wealth Advisors and $3B Wisconsin-based Pegasus Partners, enabling Lido to increase its regulatory AUM to $24B as of October 31.

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Written By: Dakota

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