Lido Advisors, a Los Angeles-based registered investment adviser managing $11 billion, has acquired Enterprise Trust & Investment Company, a Los Gatos, California-based trust company managing $800 million.
The transaction, terms of which were not disclosed, is expected to close in the third quarter, Lido Advisors said in a press release Tuesday,
Founded in 1995, Enterprise Trust is based in the Greater San Francisco Bay Area. The firm provides investment management and fiduciary services to high-net worth individuals and their families.
Driven by robust transaction activity amid market turbulence and increased focus on billion-dollar plus targets, Echelon Partners expects another all-time high in 2025.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.
Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.
Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
