Lido Advisors, LLC (Los Angeles)

Name: Lido Advisors, LLC
Address: 1875 Century Park East, Los Angeles, CA, 90067
Telephone: 310-278-8282

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.

Lido Advisors: assets under management

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 firm manages $3.74 billion in discretionary accounts and $342.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $834.08 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.52 million.

Lido Advisors has custody of $36.37 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 30% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 26% of the firm’s portfolio. Investments in investment and business development companies form 16% of the total invested assets.

Fees & Commissions

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.

What kind of clients Lido Advisors serves?

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.

Careers at Lido Advisors, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Lido Advisors Holdings	Managing member	1 Jun 2015	75% - 100%	47-4317255
Llc K&W	Member	1 Jun 2015	Other	47-4295819
Alyssa Lyndsey Weinberger	Senior vice president	1 Jun 2015	Other	6301069
Gregory Paul Kushner	Chairman & chief executive officer	1 Jul 2015	Other	2649890
Jeffrey Joseph Westheimer	Senior managing director	1 Jul 2015	Other	5460398
Jason Jay Ozur	Senior managing director & portfolio manager	1 Jul 2015	Other	5734834
Alyssa Lyndsey Weinberger	Senior managing director	1 Jul 2015	Other	6301069
Lewis Clay Schusterman	Chief compliance officer	1 Jul 2015	Other	4689366
Gregory Paul Kushner	Chairman & senior managing director	1 Dec 2015	Other	2649890
Jason P Lee	Managing director, chief compliance officer, general counsel	1 Aug 2017	Other	6905728
Jason Pang Fe Lee	Senior managing director, chief compliance officer, general counsel	1 Aug 2017	Other	6905728
Kenneth Aaron Stern	Senior managing director	1 Jan 2019	Other	1754133
Inc. Aps Holdings	Member	1 Jan 2019	25% - 50%	33-0944000
Jeffrey Hiram Garden	Chief investment officer	1 Jan 2019	Other	6582522
Llc 1001 Development	Member	1 Feb 2019	Other	81-1181682

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Kenneth Aaron Stern	Owner	1 Jan 2001	25% - 50%	1754133
Eric Geoffrey Hoffman	Member	1 Sep 2011	Other	4488554
Inc. Kushner Holdings	Managing member	1 Jun 2015	25% - 50%	47-4310721
Gregory Paul Kushner	Owner	1 Jun 2015	75% - 100%	2649890
Jeffrey Joseph Westheimer	Member	1 Jun 2015	Other	5460398
Jason Jay Ozur	Member	1 Jun 2015	25% - 50%	5734834
Jeffrey Anton Christie	Member	1 Aug 2018	Other	4889641
Brendan William Van Cleve	Member	1 Aug 2018	Other	4957502

Based in Los Angeles

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.