Dakota Wealth Management to acquire Springside Partners

Florida-based Dakota adds Ohio-based, woman-owned firm and $258 million in AUM

May 21, 2019 @ 3:08 pm

By InvestmentNews

Dakota Wealth Management, a Palm Beach Gardens, Fla.-based RIA managing $1 billion in assets, has agreed to acquire Springside Partners, a female-founded and operated registered investment adviser in Akron, Ohio, managing about $258 million in assets.

(More:Captrust acquires two firms and $2.9 billion in AUM)

Carina Diamond, CEO of Springside Partners, founded the firm in 2014, and was named one of 20 Women to Watch by InvestmentNews in 2018. She will join Dakota Wealth as chief client experience officer, responsible for advising her own clients and for overseeing client service for all advisers at the firm. She will also serve on the firm's executive committee.

The professional teams from both Dakota Wealth Management and Springside Partners will remain in place to serve their current clientele.

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