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Ken Stern’s journey with Lido Advisors began nearly a decade in the past with an opportunity assembly at a household workplace convention. His preliminary reference to Lido’s founders rapidly developed right into a shared imaginative and prescient of offering unmatched consumer service and scaling a nationwide model. In some methods, the Lido story is a bit completely different amongst RIAs—as an alternative of a agency beginning with retail shoppers and transferring upstream to excessive and ultra-high web price, Lido began within the household workplace house and, below Stern’s operational steerage, has introduced the household office-style suite of companies to a broader base of shoppers and prospects.
On this episode, David Armstrong, managing director of editorial and content material methods for the Wealth Administration Group at Informa, talks with Ken Stern, president of Lido Advisors, to delve into the approaches they’ve taken to scale, how he thinks about progress as nearly a mandate to deliver shoppers a top-tier expertise, and the way they’ve balanced natural progress and acquisitions.
David and Ken focus on:
- Lido Advisors’ spectacular progress to over $20 billion in AUM and the methods behind their speedy enlargement.
- Why cracking the code on multi-generational planning has turn out to be a key driver within the agency’s total progress technique.
- Why Lido Advisors selected to deliver companies like belief administration and tax preparation in-house to supply higher management and a seamless consumer expertise
- One potential, extremely valued client-service space that continues to be largely untapped by most RIAs and is on Lido’s strategic roadmap.
- Lido’s method to mergers and acquisitions and the position of partnerships with personal fairness corporations like Charlesbank Capital Companions and Constellation Companions in fueling enlargement
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About Our Visitor:
Ken Stern is the President of Lido Advisors. Ken is concentrated on executing Lido’s imaginative and prescient of rising Lido Advisors right into a nationally acknowledged chief in superior wealth administration and funding technique. After working with and serving to develop numerous monetary establishments, Ken noticed a necessity for a client-centric monetary advisory agency targeted on complete planning and dynamic funding administration. Consequently, he based each Asset Planning Options, Inc. and Ken Stern & Associates. Ken has authored seven private finance books and appeared in or been quoted on a number of TV and radio reveals together with The Immediately Present, CNBC, and CNN.
