Dakota Wealth, LLC
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Overview
Dakota Wealth, LLC is an advisory company located in Palm Beach Gardens, Florida. Dakota Wealth, LLC controls $2.5 billion in assets throughout 4,748 accounts, making it one of the biggest investment advisory firms in the country by assets under management (AUM). Dakota Wealth, LLC has an average-sized group, including 38 financial advisors. Dakota Wealth, LLC does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments like equities, bonds and options.
Dakota Wealth, LLC administers the majority of the firm's client assets on a discretionary basis. Discretionary management means that a portfolio manager has the discretion to make buy and sell judgments for the client's account without requiring client authorization. Dakota Wealth, LLC also manages two non-discretionary accounts with a total of $4.8 million in AUM. The company manages about $536,679 in assets for each account. An average advisor at Dakota Wealth, LLC administers about 125 client accounts.
Dakota Wealth, LLC's central office is located at 11376 N. Jog Road, Palm Beach Gardens, Florida 33418-1752. Dakota Wealth, LLC is legally registered to serve clients across 30 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Dakota Wealth, LLC by the Numbers
$2.5 billion
57
4,748
$536.7 thousand
Products and Services
Dakota Wealth, LLC provides multiple services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, pension consulting services, selection of other advisers and other services. In the prior financial year, the firm provided 51-100 of its accounts with financial planning services. The company is not engaged in selling products or offering services apart from investment advice to its investment advisory customers. Dakota Wealth, LLC is affiliated with one or more other service providers in the financial services industry, including with an accountant or accounting firm and lawyer or law firm.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Find a firm that offers this service
Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees largely depend on the type of services provided. However, fee types billed by the company can be comprised of the following fee structures: asset-based or fixed. The firm does not supply a wrap fee program, in which the company offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm does business with a number of different customers. The company caters to retail investors, high net worth investors, investment companies, pooled investment vehicles and charitable organizations. Out of its 4,748 accounts, Dakota Wealth, LLC's largest client is retail investors, but it also serves 489 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are non-U.S. persons.
- High-Net-Worth Individuals* - 28.01%
- Other Individuals - 71.36%
- Corporations - 0.11%
- Charitable Organizations - 0.52%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Dakota Wealth, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Dakota Wealth, LLC
Palm Beach Gardens, FL
Palm Beach Gardens, FL
Palm Beach Gardens, FL
Akron, OH
Richmond, VA
Palm Beach Gardens, FL
Palm Beach Gardens, FL
Palm Beach Gardens, FL
Palm Beach Gardens, FL
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