Corporate News

New York, NY (December 20, 2024) –IDB Lido Wealth a joint venture between IDB Bank and Lido Advisors, LLC is pleased to announce that it has been named among Newsweek’s Top U.S. Financial Advisory Firms for 2025!

Established in 2021, IDB Lido Wealth is an SEC-Registered Investment Adviser, bringing together the firms’ shared commitment to provide innovative, customized investment strategies, exclusive opportunities, and dynamic wealth management thinking to clients.

“This recognition signals IDB Lido Wealth’s growing momentum across the wealth management ecosystem as we continue to strategically leverage both IDB Bank’s strong market position and Lido’s dynamic, comprehensive and customized investment and wealth strategies strategy,” said Karan Kanapathipillai, CEO of IDB Lido Wealth. “We are excited for the future, as we continue to lead with expertise, transparency, and our client-first philosophy.”

Released on November 19, 2024, Newsweek’s list of Top U.S. Financial Advisory Firms recognizes the top 750 leading SEC-registered investment advisers, from more than 15,000 evaluated firms. The analysis was performed by Newsweek in partnership with Plant-A Insights Group, and the scoring was based on key criteria, which included asset performance, client performance, adviser expertise and client ratio, breadth of service offerings, and conflicts of interest. This recent recognition for IDB Lido Wealth signals its continued commitment to meaningful growth and success, as it empowers clients in an increasingly complex financial ecosystem.

IDB Lido Wealth did not pay to participate in the ranking and has not provided any direct or indirect compensation to Newsweek or Plant-A Insights Group in connection with obtaining or publishing the ranking. IDB Lido Wealth is not affiliated and does not have any business relationship with Newsweek or Plant-A Insights Group.

Please click here to review the detailed disclosures on their methodology used for this ranking, which is located at the end of the list of selected advisory firms.

IDB Lido Wealth, LLC ("IDB Lido") is an SEC-registered, New York-based investment adviser founded in 2021 as a joint venture between Lido Advisors, LLC and IDB Bank. IDB Lido offers a variety of services, including, but not limited to, investment management and asset allocation, financial planning, family office services, and retirement and estate planning services. IDB Lido offers these services to high-net-worth individuals, family offices, pension, defined contribution plans, profit-sharing plans, trusts, estates, charitable organizations, corporations, and other types of business entities.

Lido Advisors, LLC is a nationally recognized wealth advisory firm headquartered in Los Angeles, California, with over $20.6 billion in regulatory assets under management and more than 30 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 bespoke tax, estate, and legacy solutions. Lido is focused on creating an innovative, high-touch client experience and becoming its clients' financial life partner. For more information, please visit www.lidoadvisors.com.

IDB Bank is a New-York State-chartered commercial bank, a member of the FDIC, and a wholly owned subsidiary of Israel Discount Bank LTD., one of Israel's leading Banks. In addition to its Manhattan headquarters, IDB Bank operates full-service offices in California, Florida and the tristate area, including branch locations in Brooklyn, N.Y, Staten Island, N.Y and Short Hills, N.J. The Bank provides a complete range of private banking and commercial banking services to U.S and international clients.

For 70 years IDB Bank has built its business by fostering deep relationships with its clients, rapid decision-making, and the ability to develop custom-tailored solutions for both its domestic and international clientele.