On October 21, 2024, Lido Advisors announced its acquisition of Pegasus Partners.
Lido Advisors, LLC (“Lido”) announced, on October 21, 2024, its acquisition of Pegasus Partners Ltd. (“Pegasus”). Under the terms of the deal, 22 Pegasus employees will join Lido with most becoming partners. Further terms of the transaction were not disclosed.
Lido, based in Los Angeles, is a full-service, independent registered investment advisor providing wealth management and investment services. As of October 2024, Lido managed approximately $24 billion in client assets.
Pegasus, based in Mequon, Wisconsin, is a registered investment advisor specializing in investment management, financial planning, family wealth transfers, and alternative investments. As of October 2024, Pegasus had over $3 billion in assets under management. Park Sutton served as Pegasus’s financial advisor on the transaction.
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