Lido Advisors, a Los Angeles-based wealth advisory firm, has acquired Olympus Wealth Management, an independent wealth management firm headquartered in Cottonwood Heights.
With more than $850 million in assets under management, Olympus is a fee-only fiduciary that specializes in handling investments for high-net-worth and ultra-high-net-worth business owners and families.
“Olympus was founded by three partners who have spent their entire careers helping clients organize, maximize and protect their financial lives and legacies so that they can continue focusing on their businesses and passions,” said Ken Stern, president of Lido. “Olympus’ deep commitment and sophisticated approach to building long-term client relationships makes them a natural fit as we expand our holistic wealth management platform in the Salt Lake City metro area and beyond.”
The entire Olympus team will remain in the Cottonwood Heights office, which will become one of Lido’s key locations, Stern said.
“Strategic insight and tailored solutions are at the core of how we help clients unlock the full potential of their wealth,” said Scott Poelman, Scott Bird and Matt Krull, the founding partners of Olympus, in a statement. “Lido gives us a thriving national platform to expand that impact while continuing to serve the networks and community to which we’ve dedicated our careers. We’re excited to collaborate on delivering meaningful, measurable value that gives our clients the freedom to focus on what matters most to them. We’re thrilled to be partnering with Lido.”
Lido Advisors is a nationally recognized wealth advisory firm with over $29 billion in assets under management and 40 offices across the United States.