Dakota Wealth Management Acquires Ledge Wealth Management, Inc.



PALM BEACH GARDENS, Fla.Jan. 3, 2024 /PRNewswire/ — Dakota Wealth Management, an independent investment management firm serving high-net-worth individuals and families, has entered into an agreement to acquire Ledge Wealth Management, Inc., a registered investment advisory firm managing approximately $400 million in Sartell, MN. The firm advises on an additional $200 million in assets through its robust 401(k) advisory services business.

With the addition of Ledge, Dakota Wealth Management now manages ~$4.9 billion

Kurt Durrwachter, Founder and CEO of Ledge Wealth, joins Dakota Wealth along with COO and partner, Gina K. Bartell and six associates.

“We add firms intentionally and purposefully,” said Peter Raimondi, Founder and CEO, Dakota Wealth Management. “In addition to providing exceptional wealth management counseling to individuals and families, Kurt and his team have demonstrated expertise in designing employer-sponsored plans for business owners.”

Client service and advice will remain the top priority for both companies throughout the transition. The professional teams from both Dakota Wealth Management and Ledge Wealth will remain in place to serve their current clientele. Mr. Durrwachter and Ms. Bartell will join Dakota Wealth as Managing Directors.

“It was very important to find a stable but growing company that was interested in continuing to encourage entrepreneurship,” noted Durrwachter. “I think Peter has built a firm from day one that’s very intentionally designed for future generations to come.”

Alaris Acquisitions served as the advisor on this transaction.

“Alaris was delighted to participate in the role of advisor for this transaction, as we perceive a remarkable alignment of cultures between Dakota and Ledge,” remarked Allen Darby, CEO of Alaris Acquisitions. “Dakota brings operational expertise that will provide Kurt and Gina with significant capacity gains, within an exceptionally entrepreneurial setting that empowers them to continue contributing to the ongoing development of the larger Dakota story.”

This is the second Minnesota office for Dakota Wealth Management. The Palm Beach Gardens, Fla.-based firm now has 15 offices in 9 states.

Ledge Wealth was originally founded in 2010 as an affiliate of Cambridge Investment Research and became an independent registered investment advisor in 2012 committed to providing unbiased investment advice and legacy planning for high net worth individuals, families, and business owners.

Dakota Wealth Management was launched in May 2018 to deliver a transformational wealth management experience dedicated to creating multi-generational wealth and success for clients and partners. Since its founding, Dakota Wealth Management has grown assets under management both organically and through strategic acquisitions.

About Dakota Wealth Management

Dakota Wealth Management is an independent investment management, wealth and estate planning, and full-service tax planning firm serving high-net-worth individuals, families, and institutions. Headquartered in Palm Beach Gardens and founded by RIA industry veteran Peter Raimondi, Dakota elevates wealth management to an art with thoughtfully designed investment portfolios and personalized wealth management services. Dakota also provides a full suite of financial planning, estate and tax services for selected clients. For more information, visit www.dakotawm.com.



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Edmund Shing, PhD

Global Chief Investment Officer
BNP Paribas Wealth Management

Edmund has over 29 years of experience in financial markets in a wide variety of positions, ranging from proprietary trading to portfolio manager in a number of financial institutions in London and Paris.  He previously held the role of Global Head of Equity and Derivative Strategy at BNP Paribas in London from 2015 to 2020, and has been Chief Investment Officer at BNP Paribas Wealth Management since November 2020.

Edmund is responsible for piloting our investment strategy and will continues to rollout out recommendations and themes with actionable advice that brings our expertise to our clients and support to our client-facing teams.  In this time of change, his expertise in following and anticipating markets is a true value added for both our customers and those at Wealth Management who serve them.

Edmund has a PhD in Cognitive and Computing Science from the University of Birmingham in the United Kingdom, and has done advanced studies in Knowledge-Based Systems and in Experimental Psychology.  He is an EFFAS-certified financial analyst. He has also authored the book “The Idle Investor” published by Harriman House in 2015, proposing 3 simple investment strategies that take only a few minutes to execute per month.

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