Dakota Wealth Management, an independent investment management firm managing $1 billion in client assets, has agreed to acquire Springside Partners, a female-led wealth management firm in Akron, Ohio with approximately $258 million in assets.
The professional teams from both Dakota Wealth and Springside Partners will remain in place to serve their current clientele, the companies said. Springside founder Carina Diamond will join Dakota Wealth 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.
Diamond founded Springside Partners in 2014 as a registered investment advisor, and along with Brenda Hood and Patrick Hahn, act as a fiduciary to provide financial management on a fee-only basis to individuals, families and organizations. The firm offers financial, retirement and investment planning.
The Springside Partners acquisition is the fourth made by Dakota Wealth Management since its initial launch in May 2018. The other acquisitions include Oakmont Partners based in Peabody, Massachusetts; followed by Brett Ovieto and his team in Ft. Lauderdale, and most recently the tax and advisory practice of GML Associates of Boston earlier this year.
Headquartered in Palm Beach Gardens and founded by Peter Raimondi, 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.