The firm, based in Los Angeles and operating in different parts of the US, has signaled its merger and acquisition ambitions with the hire.

Lido Advisors, a California-headquartered wealth advisory firm with more than $20 billion in regulatory assets under management, has appointed Henry Hagenbuch as senior managing director, head of M&A. 

Hagenbuch will focus on sourcing, evaluating, executing, and integrating strategic mergers and acquisitions for Lido as the firm expands its national footprint, it said in a statement yesterday.

“Henry has an impressive track record of working with wealth advisory practices to grow strategically through M&A,” Jason Ozur, Lido’s chief executive, said.

Hagenbuch has worked in the financial services sector for more than a decade and has more than 15 years of business development experience, including five years creating and maintaining his own brand as a professional athlete. He comes to Lido from Robertson Stephens, where he served as senior vice president of M&A and helped the firm significantly grow its AuM.

A former Division 1 All-American distance runner and internationally ranked professional triathlete, Hagenbuch received his MBA in finance from the UCLA  Anderson School of Management. He also graduated from UCLA with a BA in political science.

In other news about Lido – interviewed here by this news service in June 2024 – it started a partnership with New Albany, Ohio-based registered investment advisor Shore Morgan Young, adding to its presence in Ohio and the Midwest. At the beginning of this year, Lido announced that Constellation Wealth Capital, the investment firm, had become a strategic partner and minority investor. Also, in December 2023, Lido signed an agreement to partner with Boston-based RIA Claybrook Capital, expanding its reach in New England.

Regarding the M&A trend in North American wealth management, see this report by Charles Paikert, FWR's US correspondent, about developments so far in 2024.