On October 31, 2024, Lido Advisors announced its acquisition of Platte River.
Lido Advisors, LLC (“Lido”) announced, on October 31, 2024, its acquisition of Platte River Wealth Advisors, LLC (“Platte River”). Members of Platte River’s leadership team will become partners at Lido. All other Platte River team members will join Lido. The deal was structured as a mix of cash and equity. 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 $27 billion in client assets.
Platte River, based in Louisville, Colorado, is a registered investment advisor offering tailored financial strategies and solutions. As of October 2024, Platte River had over $600 million in registered assets under management.
To read the press release: please click here.