Dakota Wealth, LLC's AUM valued at $2.5 Billion from the latest form ADV filing.
Dakota Wealth, LLC is a registered investment advisor that offers customized investment advisory solutions to its clients. The firm was founded in May 2018 and is a wholly owned subsidiary of Dakota Wealth Management, which is owned by several members.
The firm recently filed its Form ADV, which disclosed a number of changes and updates that occurred between March 2022 and April 2023. A major highlight of the year was the significant increase in (AUM), a reported 30% increase from $1.95 billion to $2.54 billion.
The employee count increased from 42 to 57. This expansion in staff is likely in response to the firm's growing client base. Indeed, the firm reported that the total number of accounts it manages has increased from 3,113 to 4,748.
The firm recently filed its Form ADV, which disclosed a number of changes and updates that occurred between March 2022 and April 2023. A major highlight of the year was the significant increase in (AUM), a reported 30% increase from $1.95 billion to $2.54 billion.
The employee count increased from 42 to 57. This expansion in staff is likely in response to the firm's growing client base. Indeed, the firm reported that the total number of accounts it manages has increased from 3,113 to 4,748.
Dakota Wealth disclosed a change in gross asset value for its private fund, Persimmon Absolute Return Master Fund, LP., which decreased from $22.2 Million to $19.5 Million.
Additionally, the PAR Fund SPV, LLC was removed and was valued at $972,000.
Additionally, the PAR Fund SPV, LLC was removed and was valued at $972,000.
The firm added three direct owners to its team during the period covered by its Form ADV:
- Leslie Arsenault Metz as General Counsel,
- Carina Diamond Shipotofsky as Chief Growth Officer, and
- Luke S. Baxter as Chief Technology Officer.
At the same time, three elected managers were removed from the team: Seth Honowitz, Alicia Caufield, and Peter Francis Mawn.
