Wealth manager, independent · Palm Beach Gardens, FL
Dakota Wealth, LLC
SEC-registered investment adviser · CRD 297987 · SEC 801-114097
At a glance
Dakota Wealth, LLC is an SEC-registered investment adviser based in Palm Beach Gardens, Florida, with $6.9B in regulatory assets under management as of its Form ADV filed August 11, 2026. It reports 3,728 individual clients, 1,287 of them high-net-worth, holding an average of about $1.8 million each, and 91 employees. That ranks it 154th among the nation’s 5,657 independent wealth management RIAs and 6th of 343 in Florida. It reports 3 custodians for its clients’ separately managed accounts: Charles Schwab, Fidelity and BNY Pershing.
Main office 561-774-8101dakotawm.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $6.9B
- Rank among independent wealth managers
- #154 of 5,657
- Rank among all SEC RIAs
- #1,708 of 17,210
- Rank in Florida
- #6 of 343
- Individual clients
- 3,728
- High-net-worth clients
- 1,287
- Accounts
- 11,161
- Discretionary
- 100% of AUM
- Employees
- 91
- Advisory staff
- 61
- Offices
- 22
Owners and executives on its Form ADV
- Peter J. RaimondiChief Executive Officer
- Bryan P. KellerPresident
- Kayla M. BergChief Compliance Officer
- Leslie Arsenault MetzChief Operating Officer, General Counsel
- Luke S BaxterChief Technology Officer
- Timothy M. MellyChief Investment Officer
Custody and brokerage
Broker-dealer
Broker-dealer named in its brochure
Dakota Wealth, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Its Form ADV brochure (filed March 2026) names The Leaders Group as the broker-dealer its advisers are registered with.
1) 774-8101 www.dakotawm.com Page 16 representatives are also licensed as insurance producers, appointed as insurance agents of the insurers offering their products through the platform, and registered representatives of The Leaders Group.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 1,287 | $4.7B | 67% |
| Individuals | 2,441 | $1.9B | 28% |
| Pension and profit sharing plans | 14 | $297M | 4% |
| Charitable organizations | 12 | $52M | <1% |
| Corporations or other businesses | 9 | $4M | <1% |
| Pooled investment vehicles | 1 | $0M | <1% |
Private funds
Dakota Wealth, LLC reports 1 private funds with $0M in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Dakota Wealth, LLC answers yes to 4 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Pension consulting
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗dakotawm.com ↗
AtlasMembers
The full record on Dakota Wealth, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 8 years of filings
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- Growth over one, three and five years
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- Rank against 594 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Florida
All of Florida →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Independent Financial PartnersTampa | $16B | 52,539 |
| CV Advisors LLCAventura | $15B | 145 |
| FacetWest Palm Beach | $7.6B | 14,741 |
| Kovack Advisors, Inc.Ft. Lauderdale | $6.3B | 12,906 |
| Yale Capital Corp.St. Petersburg | $5.6B | 118 |
| GentrustMiami | $5.2B | 264 |
Background
Questions
How much does Dakota Wealth, LLC manage?
Dakota Wealth, LLC reports $6.9B in regulatory assets under management across 11,161 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 11, 2026.
How many clients does Dakota Wealth, LLC have?
It reports 3,728 individual clients: 1,287 high-net-worth individuals and 2,441 other individuals. Individuals account for about 95% of its regulatory assets.
Where is Dakota Wealth, LLC headquartered?
Its main office is in Palm Beach Gardens, Florida. It reports 22 offices in total and 91 employees, 61 of whom perform investment advisory functions.
How does Dakota Wealth, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Dakota Wealth, LLC use?
It reports 3 custodians for its clients’ separately managed accounts: Charles Schwab, Fidelity and BNY Pershing. On Schedule D of its Form ADV filed August 11, 2026, it reports these amounts held: Charles Schwab ($3.5B); Fidelity ($1.8B); BNY Pershing ($1.2B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Dakota Wealth, LLC a hybrid RIA with a broker-dealer?
Dakota Wealth, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Dakota Wealth, LLC a fiduciary?
As an SEC-registered investment adviser, Dakota Wealth, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Dakota Wealth, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-11), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →