Savant, Lido Bulk Up With Acquisitions

Here are two deals by RIAs of the kind that have been a feature of wealth management M&A in the North American industry.

Savant Wealth
Management, an RIA, has acquired another registered
investment advisor, Rhode Island-based Corrigan Financial, a
business with $1.5 billion in AuM. On the same day, Lido
Advisors, headquartered in Los Angeles, also bulked up with an
acquisition. 

Savant did not disclose the terms of the deal.

Corrigan Finan, which is based in Middletown, has a total of
25 people. It was founded in 1989 by Daniel Corrigan
who leads the business.

The acquisition is Savant’s first such deal in 2025; its US
footprint now extends to 44 offices in 19 states. Savant is
headquartered in Rockford, Illinois.

The transaction is an example of the kind of M&A activity
that continues to be a feature of the North American wealth
management space, as outlined
recently by ECHELON Partners,
the investment bank and advisory firm to wealth managers. 

Corrigan Financial provides financial planning, investment
advisory services, tax planning and preparation, and corporate
pension plan services. The firm also prepares income tax returns
for more than 1,000 families. Corrigan’s tax service offering
will be incorporated into the Savant Tax & Consulting business
line, Savant said in a statement yesterday. 

“It’s important to note that the majority of Corrigan’s financial
planners hold the CPA license, given the importance of
integrating tax planning into clients’ financial plans and the
current nationwide shortage of CPAs,” Brent Brodeski, Savant’s
CEO and founder.

Employee members own about 65 per cent of Savant. Corrigan and 15
shareholders of Corrigan Financial became member-owners upon
joining Savant at the close of the transaction.

Lido

In separate news, Los Angeles-headquartered Lido Advisors, which
has more than $29 billion in regulatory AuM, is partnering with
Scottsdale, Arizona-based RIA Copperwynd Financial, a business
with $720 million in client money. 

Copperwynd’s team will join Lido; their advisors become Lido
partners. 

Houlihan Lokey, led by Matt Kempler, served as the exclusive
financial advisor to Copperwynd.