Latest news with #wealthadvisory
Yahoo
5 days ago
- Business
- Yahoo
Lido Advisors Completes Strategic Investment from HPS to Support Continued Growth
LOS ANGELES, August 07, 2025--(BUSINESS WIRE)--Lido Advisors ("Lido"), a leading wealth advisory firm with over $30 billion in regulatory assets under management, today announced the closing of its strategic investment from funds managed by HPS Investment Partners ("HPS"). HPS joins Lido's existing investors Charlesbank Capital Partners ("Charlesbank") and Constellation Wealth Capital ("CWC"), along with Lido's more than 160 employee-owners, to support the firm's continued growth and client-first mission. "Today marks a milestone moment for Lido, our team, and our clients," said Jason Ozur, Chief Executive Officer of Lido. "I'm incredibly proud of the growth we've achieved while staying true to our client-first values, and I am excited to embark on the next phase of Lido's journey with the additional support of HPS. Lido is extremely well positioned to continue our momentum and to further enhance the personalized, family office-style experience we provide our clients." Ardea Partners LP served as lead financial advisor, and William Blair & Company LLC served as financial advisor to Lido. Houlihan Lokey and Piper Sandler & Co. also provided financial advice. Ropes & Gray LLP served as legal counsel to Lido and Charlesbank. Herrick, Feinstein LLP and Willkie Farr & Gallagher LLP also provided legal advice. Gibson Dunn & Crutcher LLP served as legal counsel to CWC. Sidley Austin LLP served as legal counsel to HPS. About Lido AdvisorsLido Advisors is a nationally recognized wealth advisory firm headquartered in Los Angeles, California, with $33.5 billion in regulatory assets under management as of June 30, 2025, and 40 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 access to affiliated professionals providing estate and tax planning, and legacy solutions. Lido is focused on creating an innovative, high-touch client experience and becoming its clients' financial life partner. For more information, visit About HPS Investment PartnersHPS Investment Partners, LLC is a leading global, credit-focused alternative investment firm that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offers the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients, who have entrusted us with approximately $157 billion of assets under management as of March 31, 2025. For more information, visit About Charlesbank Capital PartnersFounded in 1998, Charlesbank Capital Partners is a leading middle-market private investment firm with approximately $20 billion of assets under management as of March 31, 2025. Drawing on nearly three decades of experience and sector insights, the firm takes a thematic approach to investing across its target sectors: business and consumer services, healthcare, industrial and technology. Charlesbank partners with talented management teams to help businesses unlock value and accelerate growth, with a focus on long-term value creation. The firm provides flexible capital through complementary strategies spanning management-led buyouts, opportunistic credit and technology investments. Charlesbank has offices in Boston and New York. For more information, visit or follow Charlesbank on LinkedIn. About Constellation Wealth CapitalConstellation Wealth Capital (CWC) is an alternative asset management platform dedicated to the wealth management sector. CWC provides flexible, long-term capital solutions and strategic advisory support to scaled wealth management platforms, leveraging deep industry expertise and an extensive network of relationships to help partner firms accelerate growth and create long-term value. For more information, visit View source version on Contacts MediaFor Lido Advisors Sarah TremalloJConnelly908-967-0381lidoadvisors@ For HPS Investment Partners Mike Geller / Josh ClarksonProsek Partners646-818-9018 / 646-818-9259pro-hps@ For Charlesbank Ryan FitzGibbon / Alexa Ottenstein / Peter GavarisProsek Partnerspro-charlesbank@ For Constellation Wealth Capital Mike GellerProsek Partners646-818-9018mgeller@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
6 days ago
- Business
- Forbes
Make Mental, Physical And Financial Wellness Part Of Work Culture
JC Abusaid is the CEO and President of Halbert Hargrove, a wealth advisory firm headquartered in Long Beach, California. August marks National Wellness Month, making it the perfect opportunity to highlight something we take very seriously at my company: the wellbeing of our employees. I view wellness as more than just physical health; it's about taking care of yourself in ways that are often overlooked—getting enough sleep, maintaining your mental health and getting enough exercise. When leaders foster a culture that encourages these habits, employees can be more present, productive and effective. In fact, 91% of workers whose employers provide access to mental health support report job satisfaction, compared to 76% without it. That kind of impact is why wellness can't be treated as an afterthought; it should be a core part of how you support your team. Bringing Wellness To The Forefront Wellness has always been an integral part of our firm's culture, but the pandemic shined a light on it. It helped normalize conversations about self-care and demonstrated the importance of a people-first culture. It also reshaped how society talks about work-life balance. Earlier this year, I attended a conference and heard an industry colleague say that instead of work-life balance, we should think in terms of work-life harmony—the idea that personal and professional responsibilities don't need to compete, but can support each other. That perspective has stuck with me, and it's shaped how I view wellness, not just as an idea, but as something that creates real, lasting impact. That's why we've built a year-long wellness program. Each month, it features a new theme that focuses on at least one of the three core areas of well-being: mental, physical and financial. From tracking water intake to practicing mindfulness, we encourage employees to adopt small, actionable habits that support a healthier routine. Participating employees log their daily activities in a spreadsheet and, to keep things fun, we reward monthly winners with a gift card. I actively participate in the program because I believe that when leaders show genuine enthusiasm, others will follow suit. I know that with these challenges, not everyone will participate the same way, and that's OK. What matters most is creating a space for people to engage in ways that work for them, at their own pace. The key is meeting people where they are and consistently encouraging healthier, more balanced lifestyles. In recent years, remote work has added new layers to the wellness conversation. While flexibility has its benefits, it can make burnout harder to spot. But challenges exist everywhere, so it's essential to check in regularly, have honest conversations and truly listen. With intention and consistency, wellness can be effectively integrated into any work environment. Mental Wellness I believe that mental health should be a part of the conversation from day one. I encourage leaders to build mental health benefits directly into their healthcare package. Encourage employees to prioritize their emotional well-being, whether that means taking time outdoors, practicing meditation or making space for activities outside of work. It's also critical that leaders recognize that rest isn't a luxury—it's a necessity. We've implemented unlimited vacation days and 'skeleton days,' where employees are actively encouraged (and often required) to take time off. We also offer sabbaticals: After 10 years of service, employees are eligible for up to $2,500 in travel reimbursement for two consecutive weeks off. After 20 years, the increase is $5,000 for three weeks. These initiatives reinforce a structure for rest and renewal. Physical Wellness A public health report confirmed what many of us already knew: Healthy employees are more productive compared to those with less optimal habits. That's why it's important to support physical activity in big and small ways. Supporting physical wellness at work doesn't require unrealistic changes; small, consistent efforts can make a real impact. It might look like offering ergonomic workstations, encouraging regular movement breaks or providing access to resources that promote healthy lifestyles. At our firm, we provide healthy snacks and have introduced the idea of inviting personal trainers and nutrition experts to speak with the team. Physical wellness is also a key focus of our monthly wellness challenges, which often include goals related to step counts, hydration, heart health and general fitness. I've heard of other firms offering reimbursements for gym memberships or an on-staff masseuse. These are all excellent benefits that encourage physical well-being. Financial Wellness Financial stress is one of the most overlooked barriers to well-being, but it should be taken just as seriously. Interestingly, 59% of employees cite financial well-being as their top concern, despite only 22% of employers focusing on it. This gap highlights a major opportunity: Even at a wealth management firm like ours, not every employee is a financial expert. That's why we make education and support a priority. One way we support financial wellness is by asking our team what topics they would like to learn about and then hosting sessions on those subjects. We also encourage our advisors to hold office hours for colleagues in areas where they have expertise. For example, I've offered one-on-one guidance around real estate planning, and our chief information officer provides educational sessions on investing and the markets. Leaders should encourage their employees to extend the same level of care to their team and co-workers as they would to their clients. In closing, wellness isn't one-size-fits-all. It takes creativity, consistency and commitment to support each employee in the way they need. For leaders, the key is staying responsive to evolving needs and making well-being a crucial part of how the organization operates, because building a culture of trust and care happens through small, intentional actions over time. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
The Guardian
18-07-2025
- Business
- The Guardian
Labour shouldn't fear taxing the rich – the people I work with would welcome it
I've worked with the super-rich my whole career. I worked for more than a decade as a lawyer advising high net worth individuals, and many of the people I worked with had assets worth more than £10m. It was commonplace to refer to their luxury apartments – usually in neighbourhoods like Kensington or Chelsea – as 'safety deposit boxes in the sky'. My work involved advising them on how to pass on assets such as these pieds-à-terre and country piles in the home counties while minimising their taxes. Many of the super-rich have ties all over the world, decamping to homes in the south of France in the summer, or their Alpine chalets for ski holidays. Some have constructed more contrived connections to places like Singapore or Bermuda to reduce their tax bills. But regardless of their undeniable worldliness, the super-rich love living in the UK. There is a prestige to owning property in the UK. A bolthole in London allows you to visit the Frieze art fair in Regent's Park or sit on Centre Court at Wimbledon. On the practical side, many are enticed by how easy it is to set up and conduct business in the UK. Of paramount concern to certain ultra-wealthy families is that the UK offers peace of mind in terms of affording them refuge from those who might otherwise see them as a target for kidnapping in other jurisdictions. Last week, the go-to British magazine for millionaires and wealth advisory professionals, Spear's Magazine, published a jubilant article celebrating the influx of wealthy Americans to the UK. As it turns out, the UK is one of the top choices for Hollywood stars and Silicon Valley big shots looking for a comfortable life away from Donald Trump's chaos. This hasn't stopped the Times from publishing endless doomsday prophecies of a wealth exodus on an epic scale. The endlessly repeated trope is that the ultra-wealthy will flee at the first signs of higher taxes, taking their tax revenue and business investments with them, and having the overall effect of lowering growth. However, recent research by Tax Justice Network, with Patriotic Millionaires and Tax Justice UK, discredited previous, similar claims as vastly overexaggerated. What isn't overexaggerated are concerns of slow growth and declining living standards in the UK. British society is becoming ever more unequal, unfair and frankly unsustainable. If mid-career professionals earning £100k a year struggle to buy property in London and maintain a standard of life they're happy with, while contributing more than 60% of income tax receipts, what does that say of the vast majority of British residents who earn considerably less or are on universal credit? We have an economy in which work doesn't pay – the income of people who work for a living is taxed at higher rates than that of those who earn money from simply having money. Before becoming a private wealth lawyer, I hadn't realised that the way the ultra-wealthy earn their income is quite different from the majority of us. While the average person earns money from their daily work, the ultra-wealthy make eye-watering sums simply from owning assets. They generate wealth from investment funds and rent and sales profits from their property empires. Instead of addressing this unfairness, this week Rachel Reeves announced plans to further deregulate the financial sector, giving another benefit to the already wealthy by boosting speculative capital and hoping it trickles down. Instead of taxing wealth or backing public investment, the chancellor's Mansion House speech doubled down on prioritising the City of London over serious economic renewal in all sectors and areas of the UK. Councils will continue to be unable to meet the needs of their communities. NHS waiting lists will continue to rise. Government will fail to prepare for climate adaptation and mitigation. I now work with people focused on giving away their wealth. It's common for the ultra-wealthy to believe they deserve all the privilege they have and should 'protect' it at all costs. Usually, this means avoiding tax. However, my current clients have broken free from such ideas. They recognise the privileges they have and acknowledge that they have benefited from a tax system that protects their wealth at the expense of ordinary people. Many of them tell me they see their responsibility of paying higher taxes on their wealth as merely practising good citizenship and contributing to the benefits of living in the UK. After all, the beautiful parks their children play in, and the unparalleled museums they enjoy, are funded by public money. The moral and pragmatic case for a wealth tax is clear. Those with the broadest shoulders can and should contribute more. An annual wealth tax of 2% on assets of more than £10m would affect only 20,000 people and would go part of the way to redressing the inequality between wealth and income. The revenue could be invested in local councils, schools, the NHS. And even help promote sustainable, green innovation to shelter us from the effects of the climate crisis. All while hardly making the slightest difference to the ultra-wealthy or their quality of life, as they often tell me. The majority of the public supports higher taxes on wealth – including Conservative voters. It's time for Labour to start making political choices that benefit all those living in the UK. Stephanie Brobbey is founder and chief executive officer of the Good Ancestor Movement
Zawya
14-07-2025
- Business
- Zawya
RAKBANK unveils new Elite Banking Centres in Abu Dhabi, Dubai, and Ras Al Khaimah
Dubai, United Arab Emirates – RAKBANK has officially inaugurated its state-of-the-art Elite Banking Centres in Abu Dhabi, Dubai, and Ras Al Khaimah, further strengthening its commitment to serving customers with personalised, relationship-driven banking experiences. A ribbon-cutting ceremony was held last week to mark the launch, attended by RAKBANK Chairman H.E. Mohamed Omran Al Shamsi and Group Chief Executive Officer Raheel Ahmed, alongside board members, senior leadership, and esteemed clients. The event took place at the new Dubai Elite Centre located in the iconic Opus Tower. The Elite Banking Centres have been thoughtfully designed to offer a premium experience for valued clients. These new spaces act as relationship hubs, reflecting RAKBANK's renewed focus on trust, proximity, and tailored financial expertise. The centres provide dedicated relationship management, wealth advisory, and exclusive banking services in a modern, client-centric environment. The openings also mark a key milestone in RAKBANK's wider transformation journey focused on elevating customer experience, particularly for its growing Elite client base. RAKBANK Elite Banking clients can now enjoy a seamless, highly personalised service model across all three emirates. About RAKBANK RAKBANK, also known as the National Bank of Ras Al Khaimah (P.S.C), is one of the UAE's oldest yet most dynamic banks. Since 1976, RAKBANK has been a market leader, offering a wide range of banking services across the UAE. We're a public joint stock company based in Ras Al Khaimah, UAE, with our head office located in the RAKBANK Building on Sheikh Mohammed Bin Zayed Road. The Government of Ras Al Khaimah holds the majority of our shares, which are publicly traded on the Abu Dhabi Securities Exchange (ADX). RAKBANK stands out for its innovation and unwavering commitment to delivering awesome customer experiences. Our transformative digital journey aims to be a 'digital bank with a human touch,' accompanying you during key moments. With 21 branches and advanced Digital Banking solutions, we offer a wide range of Personal, Wholesale, and Business Banking services. Through our Islamic Banking unit, RAKislamic, we provide Sharia-compliant services to make your banking experience seamless, whether you visit us in person or online.
Al Bawaba
14-07-2025
- Business
- Al Bawaba
RAKBANK Unveils New Elite Banking Centres in Abu Dhabi, Dubai, and Ras Al Khaimah
RAKBANK has officially inaugurated its state-of-the-art Elite Banking Centres in Abu Dhabi, Dubai, and Ras Al Khaimah, further strengthening its commitment to serving customers with personalised, relationship-driven banking experiences.A ribbon-cutting ceremony was held last week to mark the launch, attended by RAKBANK Chairman H.E. Mohamed Omran Al Shamsi and Group Chief Executive Officer Raheel Ahmed, alongside board members, senior leadership, and esteemed clients. The event took place at the new Dubai Elite Centre located in the iconic Opus Elite Banking Centres have been thoughtfully designed to offer a premium experience for valued clients. These new spaces act as relationship hubs, reflecting RAKBANK's renewed focus on trust, proximity, and tailored financial centres provide dedicated relationship management, wealth advisory, and exclusive banking services in a modern, client-centric environment. The openings also mark a key milestone in RAKBANK's wider transformation journey focused on elevating customer experience, particularly for its growing Elite client base. RAKBANK Elite Banking clients can now enjoy a seamless, highly personalised service model across all three emirates. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
