Serial RIA entrepreneur Peter Raimondi starts third firm

Dakota Wealth Management kicks off with $600 million in assets

May 14, 2018 @ 10:50 am

By InvestmentNews

Peter Raimondi, who has founded and sold two registered investment advisory firms, has launched his third, Dakota Wealth Management.

Based in Palm Beach Gardens, Fla., the firm starts off with $600 million in assets, it said in a release.

Joining Mr. Raimondi as partners are John DeSimone, Peter Mawn and Myranda "Mimi" O'Bara, who are principals of Oakmont Partners, an independent RIA based in Peabody, Mass., who will bring with them $300 million in assets.

Also joining Dakota is Brett Orvieto, formerly of Fort Lauderdale, Fla.-based Strategic Asset Management Group, who will add approximately $150 million to Dakota's assets under management.

In 1986, Mr. Raimondi founded The Colony Group in Boston, which grew to more than 600 clients and $1 billion in assets. He sold the firm in 2006 and founded Banyan Partners, which acquired seven firms in five years and grew to $4.3 billion in assets. He sold that firm to Boston Private in 2014.


What do you think?

View comments

Recommended for you

Latest news & opinion

Tax-credit investigation may trip up Wells Fargo

Justice Department is investigating bank's dealings in tax credits for low-income housing, sources say.

10 biggest boomtowns in America

These metro areas are seeing the biggest influx of people, work opportunities and business growth.

SEC ponders creating video to help investors decide between investment adviser and broker

Chairman Jay Clayton has suggested the host on the video would deliver similar information as conveyed on disclosure Form CRS.

Genworth raises long-term-care insurance costs an average 58%

The cost increases, approved by regulators in the second quarter, affect roughly $160 million of in-force premiums.

Registered reps, firms in brokerage industry decline: new Finra report

Regulator publishes first-ever snapshot of sector it oversees.


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print