Jason Ozur, Chief Executive Officer of Lido Advisors, joined Julie Cooling, Founder and CEO of RIA Channel, to discuss the bespoke needs of family office clients.
Lido Advisors consults on $22 billion in assets from ultra-high net worth and family office clients and hopes to grow to $50 billion and beyond. Generational wealth is typically earned by those who have built businesses. Investors who are looking to sell their business can benefit from advice on structuring the transaction to meet tax and estate planning needs. Lido Advisors offers a full-service model, including estate planning, taxes, trust and investment services, and consulting with younger generations of the family.
In the context of investments, the word alternative is a very broad term with meanings that can include buying and flipping homes or investing in bitcoin. Traditionally, family office clients have been heavily invested in both real estate debt and equity, and frequently invest directly in individual deals. Over the last three years, Ozur has been bullish on private credit, after seeing the outperformance of private credit and real estate investments in 2022 when traditional equity and debt investments suffered substantial losses.
Rather than investing with megacap private markets managers, Lido Advisors focuses on smaller managers, especially those who may limit capacity to $300 to $500 million. Managers who have limited capacity tend to wait for the best deals rather than investing simply to deploy client capital.
Lido Advisors works primarily with first-generation wealth (G1) but seeks to educate G2 and G3 family members on financial market topics and the work that G1 accomplished to create the wealth. Education on the goals and mission of the family is repeated on a quarterly basis.
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