Lido Advisors, LLC is a financial advisor firm that manages just over $4 billion in client assets. The firm’s client base consists of individuals, businesses, charities and more. It is a fee-based firm, as certain advisors here may receive commissions for overseeing certain securities transactions or selling insurance products. This is different from a fee-only firm, which avoids conflicts of interest by only receiving compensation from client fees.
Lido Advisors ranks fourth on SmartAsset's list of the top financial advisors in Los Angeles. Though it's headquartered in LA, the firm also conducts business in 13 secondary offices across the country.
Lido Advisors Background
Lido Advisors was founded in 2001 by Gregory Kushner, who is the firm's senior managing director and chairman. He has more than 30 years of experience in financial services. The firm is majority-owned by a holding company, Lido Advisors Holdings, LLC, which in turn is owned directly and indirectly by certain employees of Lido Advisors.
Lido employs 32 advisors across its multiple branches. Among these advisors are four certified financial planners (CFPs), four chartered financial analysts (CFAs), five certified public accountants (CPAs), one chartered retirement planning counselor (CRPC), one chartered financial consultant (ChFC) and one certified estate planner (CEP).
What Types of Clients Does Lido Advisors Accept?
Lido Advisors has grown its client base to more than 1,600 clients since its founding. The vast majority of these clients (all but 15, in fact) are individuals, with a fairly even split between those with and without a high net worth. The remaining clients include charitable organizations, corporations and insurance companies.
Lido Advisors Minimum Account Sizes
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
- Hedged Hybrid Strategy
- Core Equity Strategy
- Equity Collar Strategy
- Alternative Investments
- Weighted Sector Strategy
- Asset Allocation planning
- Third-party asset manager selection
- Sub-advisory services
- Financial Planning
- Investment portfolio analysis
- Outside investment account evaluation
- Insurance and risk management
- Estate planning
- Retirement planning
- Tax planning and awareness
- Wealth transfer and charitable giving
- College savings
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 $1MM||1.25%|
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 is a fee-based firm. What this indicates is that some of its advisors are separately licensed to sell insurance products, and may receive commissions for doing so. Furthermore, certain advisors are registered representatives of a securities broker-dealer and may earn commissions for overseeing certain securities transactions. While each of these arrangements could potentially create a conflict of interest, the firm abides by fiduciary duty. This legally binds it to act in clients’ best interests.
Lido Advisors has no disclosures listed on its Form ADV.
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.
Where Is Lido Advisors Located?
Lido Advisors calls Los Angeles home. Its LA office is near the intersection of Century Park East and Santa Monica Boulevard in the Century City neighborhood. Additionally, the firm has locations in:
- Scottsdale, AZ
- San Diego, CA
- San Francisco, CA
- Rancho Santa Fe, CA
- Broomfield, CO
- Boca Raton, FL
- Atlanta, GA
- Chicago, IL
- Rockville, MD
- Las Vegas, NV
- New York, NY
- Dallas, TX
- Bellevue, WA
Tips for Retirement Planning
- The relationship between you and your financial advisor is an important one to get right. Thankfully, finding the right financial advisor that fits your needs doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
- Don’t forget to take Social Security payments into account when you formulate what kind of income you’ll need in retirement. If you don’t know what you’re in line to receive, check out SmartAsset’s Social Security calculator.