The SEC Registered Investment Adviser Welcomes Seasoned Industry Experts to Help Drive Growth Strategy Across National Platform
NEW YORK, May 30, 2024 /PRNewswire/ — IDB Lido Wealth, a joint venture between IDB Bank and Lido Advisors, LLC, today announced its strategic expansion to include three industry professionals. As part of this expansion, IDB Lido Wealth, an SEC Registered Investment Adviser (RIA) since December 2022, will continue to grow its national presence across strategic tier-1 markets, including New York and Florida.
Established in 2021, IDB Lido Wealth is an institutional partnership. The RIA aims to offer Lido’s portfolio management strategy, specifically its innovative real estate and hedging strategies, to the Bank’s domestic clients.
The recent expansion further signals IDB Lido Wealth’s growing momentum. Together, the newest colleagues bring almost seven decades of combined expertise to the firm:
- Nadav H. Schwartz, Director & Senior Wealth Manager – Nadav brings 17 years of experience in Private Wealth Management. Nadav provides customized investment strategies, sophisticated planning, and family-office solutions for entrepreneurs, executives, and multi-generational families. Nadav employs a holistic approach in working with clients to optimize their personal balance sheets and enhance their financial decision making. Prior to joining, Nadav developed investment portfolio allocations for high-net-worth families within the private wealth divisions of AllianceBernstein, UBS, and Credit Suisse. He currently holds the NASAA Series 65 & 63 licenses, and has the FINRA Series 7, which is currently inactive.
- Ana Bou-Goldsmith, Senior Vice President & Senior Wealth Manager – Ana joins IDB Lido Wealth after serving as Senior Portfolio Manager for the Global Wealth Management division of IDB Bank for 5 years. She brings over 15 years of experience in the financial services industry, and a passion for helping clients reach their financial goals by providing a holistic approach to investment management. Ana started her career at Merrill Lynch before joining GBS Finance, a global family office. Her expertise in managing complex investment portfolios and strategic planning enhances our capabilities to cater to the nuanced needs of our clients. She currently holds an NASAA Series 65 license.
- Cary Lieberman, Director & Senior Wealth Manager – Cary joins IDB Lido Wealth with an illustrious track record in investment advisory and sales management. Leveraging more than 35 years of experience, and most recently serving as Vice-President and Senior Financial Advisor with First Horizon Advisors, he has distinguished himself as a leader adept at driving significant business growth through strategic sales and client relationship management. He holds a NASAA Series 65 license, and has FINRA Series 4,7, 8 and 24 licenses, which are currently inactive.
“As we continue to execute on our strategic expansion, I am thrilled to welcome Cary, Nadav, and Ana to our team. Each brings a wealth of experience, a proven track record of success, and a client-centered approach that is pivotal to our growth,” said Karan Kanapathipillai, CEO of IDB Lido Wealth. “Their diverse expertise will greatly enhance our capabilities and ensure that we continue to provide our clients with innovative and personalized wealth management solutions. I am confident that their contributions will be instrumental in our continued success and will help us achieve our strategic market expansion.”
About IDB Lido Wealth, LLC
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.
About Lido Advisors, LLC
Lido Advisors 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.
About Israel Discount Bank of New York (“IDBNY” or “IDB Bank”)
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.
Investment Products:
|
Are Not FDIC Insured |
Are Not Bank Deposits |
Are Not Bank Guaranteed |
|
Are Not Insured by Any Federal Government Agency |
May Lose Value |
|
SOURCE IDB Bank
