Carina Diamond, Founder and CEO of Springside Partners, announced that the firm has entered into an agreement to be acquired by Dakota Wealth Management, an independent investment management firm serving high-net-worth individuals and families. Dakota Wealth Management is based in Palm Beach Gardens, Fla.; the firm will retain Springside Partners’ office and staff in Akron.
“The unbiased advice and customized solutions that Springside has been known for will continue with Dakota,” said Diamond. “Their team’s dedication to high quality service for a very similar clientele demographic makes this a perfect fit for Springside.”
Client service and advice will remain the top priority for both companies throughout the transition. The professional teams of both Dakota Wealth Management and Springside Partners will remain in place to serve their current clientele.
Diamond will join Dakota Wealth Management as Chief Client Experience Officer, responsible for advising her own clients and for overseeing client service for all advisors at the firm. She will also serve on the firm’s executive committee.
Dakota Wealth Management was launched in May 2018 to offer a highly personalized approach to wealth management in the face of the passive investment strategies and computer-generated asset allocation models relied on by so many other investment firms. Since then it has been joined by financial advisory firms in Massachusetts and Florida and has grown its assets under management to approximately $1 billion.
With the addition of Springside Partners, Dakota Wealth Management adds a firm that is dedicated to educating and empowering both its client and staff. Both Dakota Wealth Management and Springside Partners have a high percentage of female clients and are known for hiring and developing the best young talent of both genders.
“Our profession needs more diverse leaders like Carina,” said Peter Raimondi, Founder, CEO and Chief Investment Officer, Dakota Wealth Management. “The perspective that she and the Springside team adds will serve both our male and female clients well. In addition, this acquisition allows us the important opportunity to expand our brand in the Midwest.”
Springside Partners was founded in 2014 as a Registered Investment Advisor (RIA) by Carina Diamond, along with Brenda Hood and Patrick Hahn, to act as a fiduciary in providing rigorous, sophisticated financial management on a fee-only basis to individuals, families and organizations. The firm takes a holistic approach to wealth management and offers a range of services that include personalized financial, retirement and investment planning.
About Dakota Wealth Management
Dakota Wealth Management is an independent investment management, wealth and estate planning, and full-service tax planning firm serving high-net-worth individuals, families, and institutions. Headquartered in Palm Beach Gardens and founded by RIA industry veteran Peter Raimondi, Dakota rejects automation and algorithms in favor of customization and skill. Peter founded and grew two other successful wealth management firms, Banyan Partners, LLC and The Colony Group. Dakota’s team of accomplished, passionate professionals elevates wealth management to an art, creating bespoke investment portfolios tailored to each individual client’s needs and circumstances. Dakota also provides a full suite of financial planning, estate and tax services for selected clients. For more information, visit www.dakotawm.com.
About Springside Partners
Springside Partners, LLC., is an SEC Investment Advisor and a woman-led firm. Springside Partners provides investment advisory services. The firm offers discretionary portfolio management services to individuals, trusts, estates, and charitable organizations. Springside Partners has a strategic relationship with Pershing Advisor Solutions member FINRA, SIPC. For more information visit: springsidepartnersllc.com.