Dakota Wealth Management in Palm Beach Gardens recently announced a strategic minority, non-voting investment agreement with Emigrant Partners. The independent investment management, wealth and estate planning, and full-service tax planning business was founded in 2018 by Peter Raimondi, a seasoned wealth management entrepreneur with nearly 40 years of industry experience.
“We are immensely excited to welcome Dakota to the Emigrant Partners network,” Karl Heckenberg says (pictured), CEO and president of Emigrant Partners, a specialist capital and advice partner that makes minority, non-voting investments into wealth and alternative asset management businesses. “Dakota has built and scaled an impressive and differentiated wealth management platform in under five years. We look forward to collaborating with Dakota’s talented senior management team to help them achieve their growth objectives.”
Dakota has successfully integrated seven acquisitions and executed several advisor tuck-ins since inception. Colchester Partners served as Dakota’s exclusive financial advisor.
“Dakota has attracted these firms and professionals because of our collaborative culture, robust investment platform, and innovative organic growth strategies,” Carina Diamond says, Dakota’s Chief Growth Officer. “The long-term investment from EP will create a significantly larger balance sheet for Dakota in support of the growing inorganic opportunities they foresee.”
“At this stage of our development, we made a decision to take on a partner that could help us with our current and future capital needs as well as work closely with us to execute our strategic initiatives at a faster rate than we could on our own,” Peter Raimondi says, CEO of Dakota. “We believe that EmigrantPartners is the ideal partner for our next phase of growth.”
