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.