Dakota Wealth Management to acquire Springside Partners

Dakota Wealth Management to acquire Springside Partners
Florida-based Dakota adds Ohio-based, woman-owned firm and $258 million in AUM.
MAY 21, 2019

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.

Latest News

Retirement delays, Social Security fears prompt advisors to rethink income strategies
Retirement delays, Social Security fears prompt advisors to rethink income strategies

Concerns about outliving savings and healthcare costs are reshaping how "Peak 65" Americans and advisors approach income planning.

Merrill Lynch on the hook for $3.7M after clients claimed sale of unsuitable private equity
Merrill Lynch on the hook for $3.7M after clients claimed sale of unsuitable private equity

Some investors recently have seen million dollar plus decisions by FINRA arbitration panels involving complex products decisions go their way.

Barred ex-Merrill Lynch advisor arrested in alleged $2.6M theft of former Miami Dolphin Pro Bowler
Barred ex-Merrill Lynch advisor arrested in alleged $2.6M theft of former Miami Dolphin Pro Bowler

Former advisor Isaiah Williams allegedly used the stolen funds from ex-Dolphins defensive safety Reshad Jones for numerous personal expenses, according to police and court records.

RIA moves: Modern Wealth tops $8.5B AUM as Aspen expands in Connecticut
RIA moves: Modern Wealth tops $8.5B AUM as Aspen expands in Connecticut

Modern Wealth's latest deal for a California-based fee-only RIA marks its fourth acquisition of 2025.

Empower defends private market access in 401(k)s in response to Warren scrutiny
Empower defends private market access in 401(k)s in response to Warren scrutiny

Sen. Warren has warned of private market investment risks due to opacity, illiquidity, and past regulatory issues.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.