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Dakota Wealth
Dakota Wealth was established in 2018 and maintains its headquarters in Newton, Massachusetts. The firm is structured as a registered investment advisor,...
Dakota Wealth
Dakota Wealth was established in 2018 and maintains its headquarters in Newton, Massachusetts. The firm is structured as a registered investment advisor, providing financial planning and discretionary portfolio management primarily to individual clients, high-net-worth families, and select institutional accounts. The firm's investment approach centers on constructing customized portfolios using a combination of individual securities, exchange-traded funds, and mutual funds. Dakota Wealth emphasizes asset allocation, risk management, and long-term investment horizons. The firm serves clients across the United States, with a focus on the Northeast region. Operational details regarding total regulatory assets under management, the professional team size, and specific leadership are not publicly detailed in widely available records. The firm's ADV filings would contain the most current information on its scale and personnel. Dakota Wealth's structural differentiator lies in its status as an independent, fee-only RIA. This model legally obligates the firm to act as a fiduciary in all client engagements, aligning its compensation with advisory services rather than transaction-based commissions. The absence of proprietary products or broker-dealer affiliations shapes its investment menu and recommendation process.
General information
Firm type
Bank / Wealth / Trust
Year founded
2018
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Palm Beach Gardens
Corporate office
Newton, MA, United States
Frequently asked questions
Is Dakota Wealth a fiduciary?
Yes, as a registered investment advisor, Dakota Wealth operates under a fiduciary standard. This legally requires the firm to place client interests ahead of its own and to disclose any potential conflicts of interest. The firm's fee-only structure supports this by avoiding commission-based compensation.
How does Dakota Wealth charge for its services?
Dakota Wealth is structured as a fee-only advisor. Its compensation is typically based on a percentage of assets under management, hourly consulting fees, or fixed retainer fees. This differs from fee-based models, which can also collect broker-dealer commissions.
What types of clients does Dakota Wealth serve?
Per its public disclosures, Dakota Wealth serves a mix of individual investors, high-net-worth individuals, families, and various organizations. Its services include both comprehensive financial planning and ongoing investment portfolio management.
Who runs investment decisions at Dakota Wealth?
Specifics on the firm's investment committee, portfolio managers, and principals are not detailed in widely available public sources and are typically disclosed in the firm's Form ADV Part 2B brochure, which is available upon request or through the SEC's Investment Adviser Public Disclosure website.
Where is Dakota Wealth physically located?
Dakota Wealth is headquartered in Newton, Massachusetts. Newton is a suburb west of Boston, positioning the firm within the broader New England financial and wealth management market. Public records do not currently list additional branch offices.
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