Lido Advisors Acquires $870M Tech Trade-Centered RIA
Lido Advisors, a Los Angeles-based RIA with $29 billion in consumer belongings, has acquired BluePointe Capital Administration, a Menlo Park, Calif.-based agency with $870 million in AUM.
BluePointe, a fee-only advisory agency, will give Lido a distinct segment in advising tech business entrepreneurs and executives in areas resembling pre-liquidity occasion planning, different funding methods, wealth preservation and legacy planning.
“They’ve deep roots and a eager understanding of shoppers on the coronary heart of one of many world’s foremost innovation and wealth creation facilities,” Lido CEO Jason Ozur mentioned in an announcement.
BluePointe founder and CEO Sanjeev Sardana will develop into a accomplice at Lido and can be joined by his staff of seven.
Father-Son Duo Depart UBS to Begin RIA On Kestra Platform
A father-son advisory staff that was once at UBS has began its personal RIA with over $175 million in consumer belongings on the Kestra Personal Wealth Providers platform.
Father and son John and Shea Marmion, each previously of UBS, launched Turas Wealth Companions, based on BrokerCheck. The duo relies in Worthington, Ohio, simply outdoors of Columbus, as a part of Austin, Texas-based Kestra’s community of RIAs.
The brand new RIA was “born out of a want to interrupt free from the constraints of enormous monetary establishments to create a really client-first method to wealth administration,” based on an announcement. The Marmions additionally each hung out at Wells Fargo.
“Turas was based with the aim of delivering personalised, versatile monetary planning options tailor-made to every consumer’s distinctive wants,” Shea Marmion mentioned in an announcement.
Kestra is the impartial dealer/supplier subsidiary of Kestra Holdings.
Three Advisors with Mixed $200M Be a part of SFA’s Strategic Blueprint
Strategic Blueprint, a $2.8 billion RIA subsidiary of Atlanta-based SFA Companions, has added three corporations with mixed consumer belongings of $200 million.
AdvicePoint and The Wealth Plan Firm will develop into associates of Strategic Blueprint from their Wilmington, N.C., base, and Readability Monetary Advisors affiliate from the Seattle suburb of Bothell, Wash. The corporations will maintain their names.
“In a panorama dominated by giant, personal equity-fueled offers, Strategic Blueprint is succeeding by offering an alternative choice to the mass consolidation of RIAs right into a handful of mega-firms,” Jamie Mackay, president and chief working officer at SFA Companions, mentioned in an announcement.
AdvicePoint was based in 2020 by Matt Stephens, who focuses on investments and tax planning for retirees. He was an advisor with Wells Fargo earlier than going impartial in 2013 with the Wealth Plan Firm.
The Wealth Plan Firm was based by Brandon Haines in 2007 with dealer/supplier LPL Monetary and later Triad Advisors.
Readability Monetary Advisors was based by Bob Hamm and is owned by his son, Robb Hamm.
SFA Companions contains Strategic Blueprint, The Strategic Monetary Alliance, an RIA and dealer/supplier, and SFA Insurance coverage Providers.
Dynasty RIA DayMark Wealth Provides $200M Group
DayMark Wealth Companions, a Cincinnati-based RIA with $3.7 billion in belongings that’s a part of the Dynasty Monetary Companions community, has introduced on a staff led by an ex-Morgan Stanley advisor with about $200 million in consumer belongings.
John Kaufman, previously senior portfolio supervisor and different investments director at Morgan Stanley, will now be a managing accomplice at DayMark and lead the three-person staff from his base in Park Metropolis, Utah. Gregg Kaplan, portfolio supervisor and accomplice, and Hilary Bryson, director of consumer relations, can be based mostly in Chicago.
The advisors deliver experience in different asset investing, together with actual property, personal fairness and hedge funds.