Mergers & Acquisitions

Enterprise Trust & Investment Company

06/22
Piper Sandler served as financial advisor for Enterprise Trust & Investment Company on sale to Lido Advisors

Transaction Summary
On June 14th, 2022, ETIC announced its merger with Lido Advisors, whereby ETIC’s trust services business, with AUM of $800M as of May 31, 2022,  would be integrated into Lido Advisors’ comprehensive wealth management services platform pending customary closing conditions and regulatory approval. The transaction subsequently closed on August 12, 2022.

Press Release Link

Enterprise Trust & Investment Company
Enterprise Trust & Investment Company (“ETIC”) is a California-chartered trust company headquartered in Los Gatos, California, with approximately $800M in AUM as of May 31, 2022. The firm was founded in 1995 with the vision of serving as a local independent trust company that would deliver quality investment management and fiduciary services to high-net worth individuals and their families.  Over 25 years later, ETIC continues to provide individualized attention, at the highest professional service levels, with a non-product and non-commission orientation.

Lido Advisors
Lido Advisors ("Lido")  is a nationally recognized wealth advisory firm headquartered in Los Angeles, California, with over $11B in AUM as of June, 30 2022 and 14 offices across the United States.  The firm embraces an active approach to asset management focused on risk mitigation and access to alternative, core, and tactical investment strategies.  Lido provides a family office experience to its clients with a deep commitment to personalized, comprehensive wealth planning and providing bespoke tax, estate, and legacy solutions.

Sub-Type
Sell-Side
Sub-Sector
Asset & Wealth Management