Industry veteran Peter Raimondi has launched Dakota Wealth Management, an independent investment management firm serving high-net-worth individuals and families.
The firm, headquartered in Palm Beach Gardens, Fla., will be managing more than $600 million in client assets.
Dakota offers a personalized approach to wealth management at a time when the financial industry has resorted to passive investment strategies and computer-generated asset allocation models.
Raimondi has more than 30 years of investment industry experience and previously founded and ran two other successful RIA firms: Banyan Partners and The Colony Group. As the CEO of Banyan Partners, which he founded in 2006, Raimondi acquired seven firms in five years and grew the business to $4.3 billion in client assets before selling to Boston Private in 2014. Prior to starting Banyan Partners, Raimondi founded The Colony Group in Boston, which he grew into a nationally respected financial counseling firm with more than 600 clients and $1 billion in assets between 1986 and 2006.
Also joining the Dakota team as a managing partner is Brett Orvieto, formerly of Fort Lauderdale–based Strategic Asset Management Group. Orvieto and his team will add approximately $150 million to Dakota’s AUM.
