Lido Advisors is a financial advisor firm with a client base that consists of individuals, businesses, charities and more. It is a fee-based firm, as certain advisors here may collect transaction-based brokerage fees or sales commissions on insurance products. This is different from a fee-only firm, which avoids this kind of conflict of interest by only receiving compensation from client fees.
With headquarters in Los Angeles, Lido Advisors appears on SmartAsset's list of the top financial advisors in Los Angeles. The firm also conducts business in branch offices across the country.
Lido Advisors Background
Lido Advisors was founded in 2001 and is majority-owned by pooled investment vehicles that are advised by affiliates of Charlesbank Capital Partners LLC. The remainder of Lido is owned directly and indirectly by the firm's chief executive officer Jason Ozur, president Ken Stern, chairman and founder Gregory Kushner and other employees.
Lido employ many advisors across its multiple branches. Certifications held by these advisors include for ceritifed financial planner (CFP), chartered financial analyst (CFA), certified public accountant (CPA), chartered retirement planning counselor (CRPC), chartered financial consultant (ChFC) and certified estate planner (CEP).
Lido Advisors Client Types and Minimum Account Sizes
Most of the clients at Lido are individuals, with a fairly even split between those with and without a high net worth. The remaining clients include banks, investment funds, ERISA plans, charitable organizations, corporations and insurance companies.
According to Lido Advisors’ Form ADV, $1 million in investable assets is typically required in order to become a client of the firm. However, it may decide to waive this minimum in certain situations at its discretion.
Services Offered by Lido Advisors
Lido Advisors has a handful of core advisory offerings, including investment management, financial planning, the selection of third-party money managers and sub-advisory services. Here’s a more detailed breakdown:
- Investment management
- Asset Allocation planning
- Third-party asset manager selection
- Sub-advisory services
- Financial Planning
Lido Advisors Investment Philosophy
The overarching investment philosophy at Lido Advisors is to help clients achieve investment goals while also minimizing market risk and volatility. To accomplish this, the firm may invest in a range of asset classes including fixed-income, equities, cash, real estate debt, foreign securities, American depository receipts, hybrid offerings and liquid and non-liquid alternative investments.
The firm diversifies your money not only across multiple assets classes, but also various sectors of the market, with the goal of minimizing volatility.
Fees Under Lido Advisors
Lido typically charges its clients a percentage-based fee for its investment management services. For these, the percentage you pay is based on the amount of your assets under management (AUM) at the end of the previous quarter. The exact rate you pay will typically adhere to the following schedule:
|Lido Advisors Asset Management|
|Assets Under Management (AUM)||Fee Percentage|
|Up to $2MM||1.25%|
This table will show you what you may pay at Lido based on your assets:
|*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.|
|Estimated Investment Management Fees at Lido Advisors*|
|Your Assets||Lido Advisors Fee Amount|
Keep in mind that the firm’s asset management services are subject to a $2,500 minimum quarterly fee. Financial planning and other consulting services are generally rendered for an hourly fee of $500.
What to Watch Out For
Lido Advisors has no disclosures listed in its most recent SEC filings.
One thing to note: Some of advisors at Lido may be brokers or insurance agents, who collect transaction-based fees or sales commissions. This poses a potential conflict of interest. That said, the firm is legally bound by its fiduciary duty to act in clients’ best interests at all times.
Opening an Account With Lido Advisors
If you're interested in exploring a relationship with Lido Advisors further, you have a few options when it comes to reaching out. You can visit the firm’s website to find the proper contact information for each of the firm’s offices. If you have a general question, you can fill out the contact form provided on the firm’s website or you can send an email to email@example.com.
All information is accurate as of the writing of this article.
Tips for Retirement Planning
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