Lido Advisors Acquires Avitas Wealth Management

Lido Advisors Acquires Enterprise Trust & Investment Company

August 16, 2022

Wealth Management

Lido Advisors LLC has closed its acquisition of Enterprise Trust & Investment Company (ETIC), a California-chartered trust company headquartered in Los Gatos. The deal expands Lido's wealth management capabilities by adding ETIC's trust and fiduciary services to Lido's comprehensive wealth planning offering; financial terms were not disclosed.

Charlesbank Capital Partners Invests in Lido Advisors

May 24, 2021

Wealth Management

Charlesbank Capital Partners has entered a strategic investment partnership with Lido Advisors, becoming a significant investor alongside Lido’s founders and management. The growth-capital investment will support Lido’s expansion of services, broaden its investment offerings, and accelerate its organic growth and M&A strategy; financial terms were not disclosed.

Vida Capital Acquires Avmont, LLC

July 1, 2020

Financial Services

Vida Capital, together with private equity sponsors Reverence Capital Partners and RedBird Capital Partners, acquired the assets of Avmont, LLC to expand Vida’s life settlements and longevity-risk investment platform. Key members of Avmont’s senior team joined Vida and Vida also acquired Avmont’s intellectual property and select client and sub-advisory relationships; financial terms were not disclosed.

Atria Wealth Solutions Acquires Western International Securities

May 20, 2020

Financial Services

Atria Wealth Solutions completed the acquisition of Western International Securities (WIS), adding WIS's more than 400 independent financial advisors and roughly $11 billion of assets under administration to Atria's platform. The deal expands Atria's advisor affiliation models (including a turnkey branch solution) and increases its scale to serve nearly 2,500 advisors with about $75 billion of AUA across five broker-dealers.

Avance Investment Management Makes Strategic Investment in RIA Advisory

August 29, 2022

IT Services

Avance Investment Management, a middle-market private equity firm, made a strategic (minority) investment in RIA Advisory to support the company’s growth and expansion of its revenue management offerings. RIA Advisory’s founder and management team will remain in place as the capital will be used to diversify capabilities, expand into new verticals and accelerate international growth.

VisionPoint Advisory Group and Navitas Wealth Advisors Merge to Form Balefire

January 1, 2025

Financial Services

VisionPoint Advisory Group and Navitas Wealth Advisors have merged to form Balefire, an SEC-registered wealth management firm overseeing approximately $3.7 billion in combined AUM. The new Dallas-based entity unites over 60 professionals to offer integrated wealth management, strategic tax planning, and corporate solutions, positioning the platform for accelerated organic and M&A-driven growth.