Wealth Plus of the Dakotas Inc

The firm's advisory committee is responsible for portfolio strategy, though individual client portfolios are managed by dedicated advisors. Principal names are not publicly listed on the firm website.

It is structured as a multi-family office RIA, serving multiple unrelated wealthy families. It functions as an independent wealth management firm rather than a single-family office.

The firm focuses on liquid securities — stocks, bonds, ETFs — and separately managed accounts. It also advises on alternatives such as private placements for qualified clients, but does not manage venture capital or hedge fund vehicles internally.

The firm typically does not commit directly to external funds as an institutional LP. Instead, it recommends specific funds or separate accounts within client portfolios, acting as a fiduciary advisor.

Wealth Plus originated from community banks in the Dakotas, leveraging trust and estate planning capabilities from those institutions. It remains independent but maintains referral relationships with regional banks.

Client wealth typically originates from family-owned businesses, agricultural operations, and energy-sector holdings in North and South Dakota. The firm advises multigenerational families with concentrated positions in these sectors.

The firm does not operate its own foundation but assists clients in establishing donor-advised funds and private foundations through third-party custodians like Schwab or Fidelity.