Dakota Wealth Management
Dakota Wealth Management is an employee-owned, fee-only registered investment advisor delivering bespoke investment management, financial planning, tax, estate, and retirement plan services to high-net-worth individuals, families, and institutions across 17 U.S. states.
- Company typePrivate
- Founded2018
- HeadquartersPalm Beach Gardens, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Dakota Wealth Management does
Dakota Wealth Management is a privately held, employee-owned registered investment advisor founded in May 2018 by Peter Raimondi and headquartered in Palm Beach Gardens, Florida. The firm delivers fee-only wealth management services to high-net-worth individuals, multi-generational families, business owners, foundations/endowments, and employer plan sponsors across 17 office locations in 17 U.S. states. Service offerings include investment management, proprietary investment strategies, financial planning, tax services, trust and estate planning, and retirement plan (401(k)) solutions delivered as a 3(21) or 3(38) fiduciary.
The firm is built around bespoke, proprietary investment strategies designed exclusively for Dakota clients by its portfolio managers, rather than passive or algorithm-driven allocation models. Its operating technology is a third-party stack—Tamarac for the client portal, eMoney for financial planning, Salesforce for CRM, Pontera for account aggregation, AdvisorCloud360 for back-office/trading, and Workplace by Meta for internal collaboration—orchestrated through a formal Integration Team that onboards acquired advisory firms. A forthcoming internally created ETF (announced 2025) extends the product surface beyond separately managed accounts.
Dakota earns revenue exclusively through asset-based advisory fees tied to AUM, with no commissions or referral fees. Since launch the firm has grown from approximately $600M to nearly $7.5B in AUM by executing more than 15 acquisitions, supported by a strategic minority investment from Emigrant Partners (January 2023 with a 2024 follow-on). Employee ownership is structural: 93% of 86 employees hold equity in the firm, and a formal leadership pipeline was established in 2025 with promotions to President, COO, and CIO.
Dakota Wealth Management firmographics
Firmographics- Name
- Dakota Wealth Management
- Legal name
- Dakota Wealth, LLC
- Website
- https://dakotawm.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Dakota Wealth Management is an employee-owned, fee-only registered investment advisor delivering bespoke investment management, financial planning, tax, estate, and retirement plan services to high-net-worth individuals, families, and institutions across 17 U.S. states.
- Ownership category
- akta.pro rank
Dakota Wealth Management industry classification
Industry- Product category
- Wealth Management
- NAICS
- Portfolio Management and Investment Advice (52394), Trusts, Estates, and Agency Accounts (52592)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Private Banking & UHNW Wealth Advisory (FSAEABAC)
- akta.pro secondary industries
- Estate & Legacy Planning Advisory (FSAEAAAG), Directed Trust & Trust Advisory Services (FSAAANAK)
Keywords
Where Dakota Wealth Management is headquartered
LocationHeadquarters
- HQ city
- Palm Beach Gardens
- HQ country
- United States
- HQ region
- North America
Offices17 records
Markets served
Dakota Wealth Management business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Asset Under Management (AUM) Fees: Fee-only wealth management services where fee structure is simple, fair, transparent, and only based on the assets Dakota actively manages
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Fee-only AUM-based pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Dakota Wealth Management product offering
Product offeringCore offering
Dakota Wealth Management is a fee-only registered investment advisor providing personalized investment management alongside its proprietary multi-asset class (passive, factor, and active) investment strategies. The firm offers a full wealth planning stack — financial planning, tax services, trust and estate planning, and 401(k) retirement plan advisory — to high-net-worth individuals, families, business owners, foundations, endowments, and plan sponsors across 17 U.S. states from its Palm Beach Gardens, Florida headquarters.
Product overview
Dakota Wealth Management offers a comprehensive wealth management platform comprising multiple service lines. The core offering includes Investment Management and proprietary Investment Strategies, supplemented by Financial Planning, Tax Services, Trust and Estate Planning, and Retirement Plan Solutions (401(k) advisory). The platform emphasizes personalized, bespoke portfolio design and investment management as its primary differentiator, with integrated tax and estate planning services to serve high-net-worth individuals, families, and institutions.
Differentiator
Problem solved
Functional benefit
Products and services
- Investment Management
- Investment Strategies
- Financial Planning
- Tax Services
- Trust and Estate Planning
- Retirement Plan Solutions (401(k) Advisory)
- Dakota ETF (planned proprietary ETF program)
Quantifiable outcome
- Grew from $600M to nearly $7.5B AUM in 7 years through acquisitions and organic growth
- +3 more outcomes
Companies that use Dakota Wealth Management
Customer profileNamed customers13 records
Segments5 records
Ideal customer profiles3 records
Dakota Wealth Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature2 records
Dakota Wealth Management partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Turkey Hill ManagementminorFacilitated the acquisition of Lokken Investment Group, acting as advisor to the sell-side.
Scale indicators20 records
Recent moves10 records
Expansion highlights5 records
Dakota Wealth Management competitors and assessment
Company assessmentDirect peers
- Sanctuary Wealth: Partner-owned platform for high-net-worth advisors built on acquiring and onboarding independent wealth teams. Directly comparable to Dakota in advisor partnership model and HNW client focus.
- Wealth Enhancement Group: Fee-based RIA that has grown to ~$80B+ AUM primarily through acquiring independent wealth management firms. Closely comparable to Dakota in roll-up strategy, advisor retention model, and HNW client focus.
- Carson Group: Partner-owned wealth management platform supporting independent advisors through coaching, technology, and back-office support, with a strong HNW advisory offering. Comparable to Dakota in serving HNW clients and partnering with advisor teams.
- Focus Financial Partners: Partner-owned network of independent RIAs backed by private-equity capital (Clayton, Dubilier & Rice). Comparable to Dakota as a roll-up platform for fiduciary wealth managers, though at significantly larger scale and with external control.
- Mariner Wealth Advisors: Independent, employee-owned RIA that has scaled to tens of billions in AUM through an aggressive acquisition-led growth strategy targeting HNW and ultra-HNW clients. Directly comparable to Dakota in target segment, fee-only model, and M&A-driven expansion playbook.
- Cerity Partners: Wealth management and advisory firm serving HNW individuals, families, and institutions with comprehensive financial planning, tax, and investment services, formed through a roll-up of multiple boutique advisory firms. Highly comparable to Dakota in service mix and acquisition-led scaling.
- Creative Planning: Large independent, employee-owned RIA serving HNW households nationwide, with significant organic and inorganic growth across financial planning, tax, and investment management. Comparable to Dakota in employee-ownership structure, HNW focus, and breadth of services.
Broad incumbents
- Edelman Financial Engines: One of the largest independent RIAs in the U.S., offering investment advisory, financial planning, and 401(k) services to households and employer plans. Comparable to Dakota in fee-only RIA positioning and retirement plan solutions, but operating at significantly larger scale.
- Cetera Financial Group: Large network of independent broker-dealer and RIA firms serving HNW clients through affiliated advisors. Overlaps with Dakota in supporting independent wealth management practices, but operates with a much broader product set and B-D infrastructure.
Regional players
- Commonwealth Financial Network: Privately held broker-dealer/RIA supporting independent advisors primarily across the U.S. with planning, technology, and investment resources. Comparable to Dakota as a privately held, partner-friendly wealth platform serving HNW clients, though structured as a B-D rather than a pure RIA.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Dakota Wealth Management social profiles
Digital presenceDakota Wealth Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Dakota Wealth Management leadership team
Management profileNumber of profiles
Profiles9 records
Dakota Wealth Management subsidiaries and ownership
Company hierarchySubsidiaries11 records
Dakota Wealth Management funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Dakota Wealth Management M&A and investment
M&A and investmentM&A8 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Dakota Wealth Management
What does Dakota Wealth Management do?
Dakota Wealth Management is a fee-only registered investment advisor providing personalized investment management alongside its proprietary multi-asset class (passive, factor, and active) investment strategies. The firm offers a full wealth planning stack — financial planning, tax services, trust and estate planning, and 401(k) retirement plan advisory — to high-net-worth individuals, families, business owners, foundations, endowments, and plan sponsors across 17 U.S. states from its Palm Beach Gardens, Florida headquarters.
Is Dakota Wealth Management a public or private company?
Dakota Wealth Management is a private company. It is classified as management employee owned and is currently operating.
When was Dakota Wealth Management founded?
Dakota Wealth Management was founded in 2018. It employs 51 to 100 people.
Where is Dakota Wealth Management based?
Dakota Wealth Management is headquartered in Palm Beach Gardens, United States, in the North America region.
How does Dakota Wealth Management make money?
One revenue line is on record: asset Under Management (AUM) Fees.
Who are Dakota Wealth Management's main competitors?
Direct peers on record are Sanctuary Wealth, Wealth Enhancement Group, Carson Group, Focus Financial Partners, Mariner Wealth Advisors, Cerity Partners and Creative Planning. Broad incumbents are Edelman Financial Engines and Cetera Financial Group. Commonwealth Financial Network is listed as a regional player.
Does Dakota Wealth Management have an API?
No public API is recorded for Dakota Wealth Management.
What industry is Dakota Wealth Management in?
Dakota Wealth Management's product category is Wealth Management. Its primary akta.pro industry code is FSAEABAC, Private Banking & UHNW Wealth Advisory, with a secondary code of FSAEAAAG, Estate & Legacy Planning Advisory. Its NAICS code is 52394 and its SIC code is 6282.