FUNDRAISING NEWS | October 31, 2024
Lido Advisors said it has acquired Louisville, CO-based Platte River Wealth Advisors, a Louisville, CO-based wealth manager catering to high-net-worth investors and managing over $600M in regulatory assets.
Platte River President Tyler Olsen and Warren Baker, who oversees the advisor’s investment strategy, will both join Lido as partners, with the rest of the Platte River team also making the move to Lido. According to its latest Form ADV filing, Platte River manages $525M of assets for 65 high-net-worth individuals, accounting for the vast majority of its business.
The deal follows closely on Lido’s acquisition of Pegasus Partners, a Wisconsin RIA with $3B in AUM, as reported by Dakota on October 21. Lido has been backed by private equity firm Charlesbank Capital Partners since May 2021, growing by more than $20B in AUM in that time.
