Lido Advisors, LLC is a large advisory firm based in Los Angeles. It manages $4.09 billion of regulatory assets for 4,625 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Arizona, California, and 36 other states.
Lido Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Lido Advisors, LLC is $4.09 billion. The firm's AUM has grown by 204% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Lido Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Lido Advisors is high net worth individuals with 843 clients and $3.58 billion of assets under management. Among the 9 most similar advisory firms, Lido Advisors has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $3.93 billion for 1,604 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Lido Advisors also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $50,000 for each fund.
The company employs 61 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. 24 employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Jeffrey Hiram Garden has served as the Chief Investment Officer since 1 Jan 2019. Llc 1001 Development joined the executive team most recently as the Member.
The principal office where Lido Advisors, LLC performs its advisory services is located at 1875 Century Park East, Los Angeles, CA 90067, which is also the mailing address of the firm. An additional office of the firm is in San Diego, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 310-278-8282 or by fax 310-278-8267. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at lidoadvisors.com.