Lido Advisors, a Los Angeles-based $30 billion registered investment advisor backed by private equity, has acquired Olympus Wealth Management, a Cottonwood Heights, Utah-based RIA that works with high-net-worth and ultra-high-net-worth families and business owners.
Olympus Wealth is the fourth acquisition of the year by Lido, which brought on its third external stakeholder in May when HPS Investment Partners took a minority position in the RIA.
Olympus was founded in 2013 by three founders who had worked with JP Morgan’s private banking division: Scott Poelman, Scott Bird, and Matt Krull. They join Lido with about $850 million in assets under management, four other wealth advisors, and six other staff members.
The firm provides wealth management and multi-family office services. According to the announcement, it will remain in its office in the Salt Lake City metro area, which will “become one of Lido’s key locations” in the region.
The founders said in a statement that Lido provides them with a national platform to expand while continuing to work with their current clients and their businesses.
Turkey Hill Management advised Olympus on the deal.
Earlier this year, Lido sold its third investment stake to HPS Investment Partners in part to keep driving deals. Its prior investors were Charlesbank Capital Partners, which became a majority owner in 2021, and non-controlling investor Constellation Wealth Capital, which invested in 2024.
Lido has 40 offices in the U.S. and works in wealth planning and tax, estate, and legacy planning.
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