WealthManagement Edge

The purchase of Avitas Wealth Management expands Lido’s presence in the city where it is headquartered. It’s the latest large deal for the RIA since Constellation Wealth Capital bought a minority stake earlier this year.

The latest acquisitions by Modern Wealth, co-founded by a trio of former United Capital executives, bring its total to 13 deals since its launch in April 2023.

Jason Barber is founder of Uptick Partners.

Caitlin Douglas is a founding partner and COO at Elevation Point.

Aly Kassim-Lakha is the founder and CEO of Aspen Standard Wealth.

Jacqueline Martinez is managing partner at Alaris Acquisitions.

Vanessa Martinez is CEO and managing partner at Expressive Wealth.

Eden Ovadia is co-founder and CEO of FINNY AI.

At the beginning of next year, Schaben will move to Ron Carson's family office as CEO.

WEG, which had $4 billion in brokerage assets with LPL, is the second “strategically misaligned" large OSJ to separate from the IBD.