Dakota Wealth, LLC is a large advisory firm based in Palm Beach Gardens. It manages $1 billion of regulatory assets for 863 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Florida, and 14 other states.
Dakota Wealth provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Dakota Wealth, LLC is $1 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 222% since the beginning of its operation, and $614.43 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Dakota Wealth, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Dakota Wealth is high net worth individuals with 247 clients and $717.45 million of assets under management. Among the 9 most similar advisory firms, Dakota Wealth has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $998.12 million for 861 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Dakota Wealth doesn't advise any private funds.
The company employs 29 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 16 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
The principal office where Dakota Wealth, LLC performs its advisory services is located at 3001 Pga Boulevard, Palm Beach Gardens, FL 33410, which is also the mailing address of the firm. An additional office of the firm is in Peabody, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 561-774-8029 or by fax 561-774-8102. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at oakmontpwm.com and its LinkedIn profile.