Wednesday, October 21, 2026The Morning EditionOpen AtlasSign inJoin free
FinancialADVSR

Est. 2026The front page of wealth managementNew York

The Morning EditionFree · 6:30 AM ETSubscribe
IN SpaceX’s AI segment now drives more than half its revenue. Here’s what advisors should watch nextFP Why AI might recommend your competitor instead of youFP Why clients are choosing phased retirement — and what advisors should know4K SPARK Forum Offering Scholarships for Retirement Plan AdvisorsFP What Schwab's new ETF platform fees mean for clients, advisorsWM RIA Platform Leaders Ask ‘What’s the Advantage in Having Your Own Form ADV?’IN Fake e-vite phishing scams put high-net-worth clients at riskRB Rick Wurster says Schwab is tackling its forced rationing of long/short SMAs with proprietary 'offering' to stretch balance sheet, but it may be more about a fee upside, a long/short manager saysIN Fintech bytes: 55ip, Vise, Syntax push tax-smart tools for RIAsWM $20B Modera Wealth Management Launches AI Operating Platform

RIA comparison · SEC Form ADV

EP Wealth Advisors vs Lido

Two independent wealth managers side by side: assets, clients, staff, services and fees, from each firm’s own filing.

The short answer

EP Wealth Advisors is the larger of the two, with $45B in regulatory assets to $43B at Lido, 6% more than its rival, by their latest Form ADV filings. EP Wealth Advisors reports more individual clients (19,618 vs 13,043), while Lido’s clients hold more on average (about $2.9 million each against $2.1 million). Both are based in California: EP Wealth Advisors in Torrance and Lido in LOS Angeles.

FigureEP Wealth AdvisorsLido
Regulatory AUM$45B$43B
National rank#25#26
HeadquartersTorrance, CaliforniaLOS Angeles, California
Individual clients19,61813,043
High-net-worth clients1,5899,829
Average client assets$2.1 million$2.9 million
Accounts20,73842,220
Discretionary99% of AUM97% of AUM
Employees618437
Advisory staff320235
Clients per advisory employee6156
Offices3646
Form ADV filed2026-09-172026-08-27

EP Wealth Advisors

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for businesses and institutions
  • Selecting other advisers
  • Educational seminars and workshops
  • Other services

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Fixed fees

Lido

Full profile →

Services

  • Financial planning
  • Portfolio management for individuals and small businesses
  • Portfolio management for investment companies
  • Portfolio management for pooled investment vehicles
  • Portfolio management for businesses and institutions
  • Selecting other advisers
  • Educational seminars and workshops

How it’s paid

  • A percentage of assets under management
  • Hourly charges
  • Fixed fees
  • Performance-based fees

Questions

Which is bigger, EP Wealth Advisors or Lido?

EP Wealth Advisors, with $45B in regulatory assets under management against $43B at Lido. Nationally they rank #25 and #26 among 5,657 independent wealth management RIAs.

How many clients do EP Wealth Advisors and Lido have?

EP Wealth Advisors reports 19,618 individual clients (1,589 high-net-worth) with 320 advisory employees; Lido reports 13,043 (9,829 high-net-worth) with 235 advisory employees.

How do EP Wealth Advisors and Lido charge clients?

Only Lido lists performance-based fees on Form ADV. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.

What services do EP Wealth Advisors and Lido offer?

EP Wealth Advisors lists other services, which Lido does not. Lido lists portfolio management for investment companies; portfolio management for pooled investment vehicles, which EP Wealth Advisors does not. Both offer financial planning; portfolio management for individuals and small businesses; portfolio management for businesses and institutions; selecting other advisers; educational seminars and workshops.

More comparisons

Where these numbers come from

Every figure is the firm’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Average client assets divide the assets held for individual and high-net-worth clients by their number. Ranks compare each firm with all US-based independent wealth management RIAs, the same field as The Largest RIAs. Figures can lag recent deals and market moves.

Not an endorsement or a recommendation of either firm. Before hiring an adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search: EP Wealth Advisors ↗, Lido ↗. How to check a financial advisor →