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Wealth Plus of the Dakotas Inc
Wealth Plus of the Dakotas Inc is a multi-family office RIA serving families in the Upper Midwest with investment management and estate planning.
Wealth Plus of the Dakotas Inc
Wealth Plus of the Dakotas Inc was established to provide comprehensive wealth management for affluent families in the Dakotas and neighboring states. The firm operates as an RIA under SEC or state registration, focusing on fiduciary advisory services rather than proprietary product sales. Its wealth likely originates from regional business ownership, agriculture, and energy-sector wealth (public record). The firm deploys capital across publicly traded securities, exchange-traded funds, separately managed accounts, and alternative investments including private placements. It emphasizes tax-efficient strategies and generational wealth transfer. Geographic coverage remains centered on North Dakota and South Dakota, with client relations extending into Minnesota and Montana (per firm materials). Wealth Plus maintains no public disclosures on total AUM or staffing numbers. Its registered branch offices include locations in Bismarck and Fargo (per state regulatory filings). The firm does not operate dedicated philanthropic structures but advises clients on donor-advised funds and private foundations through third-party custodians. A structural differentiator is the firm's community-bank affiliation — Wealth Plus markets itself as a product of local financial institutions, giving it access to trust and estate planning services typically reserved for larger banks. This hybrid model distinguishes it from independent RIAs that lack trust powers. Succession planning remains a core service line, reflecting the multigenerational client base in the region.
General information
Firm type
Multi Family Office
Year founded
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AUM
Undisclosed
Location
Region
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Country
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City
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Corporate office
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Frequently asked questions
Who runs investment decisions at 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.
Is Wealth Plus of the Dakotas Inc structured as a single family office or does it operate more like a wealth management firm?
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.
What investment stages does Wealth Plus of the Dakotas Inc typically target?
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.
Does Wealth Plus of the Dakotas Inc participate in fund commitments or only direct deals?
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.
How is Wealth Plus of the Dakotas Inc related to its founding financial institutions?
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.
Where does the underlying wealth come from?
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.
Does Wealth Plus of the Dakotas Inc maintain philanthropic structures?
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.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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