Dakota Wealth Management acquires Lokken Investment Group

Dakota Wealth Management has acquired Lokken Investment Group, a registered concern advisory (RIA) steadfast based successful Lewes, Delaware, US.

The transaction volition adhd Lokken’s $455m successful managed assets, expanding Dakota’s assets nether absorption to astir $7.5bn.

It allows for Dakota Wealth Management’s foray into the authorities of Delaware, with Lokken’s Lewes determination arsenic its 17^th bureau successful the US.

The Lokken team, led by Carrie Ruark, volition proceed to run from the Lewes office.

The six-member squad includes Jessica Bimonte, girl of Lokken Investment Group’s precocious founder, Jon Lokken.

Dakota Wealth Management said that this statement volition support existing client-advisor relationships and guarantee continuity of work for Lokken’s clients.

Dakota laminitis and CEO Peter Raimondi said: “The acquisition of Lokken represents a peculiar accidental for Dakota to proceed the bequest of Jon Lokken and spouse with the exceptional squad of professionals helium surrounded himself with.

“Jon's bequest volition transportation guardant successful Dakota done the occurrence and continued maturation of the squad helium assembled, and the familial civilization they share.

“Dakota is arrogant to person been chosen by Karlyn, Carrie and team, and we're excited to motorboat our caller Dakota Lewes office.”

Based successful Palm Beach Gardens, Florida, Dakota Wealth Management is an autarkic concern absorption steadfast serving high-net-worth individuals and families.

The institution offers wealthiness management, fiscal planning, estate, and taxation services and was founded by Peter Raimondi.

Lokken was established successful 2008 by Jon Lokken and has focused connected broad fiscal readying and concern absorption for individuals and families.

The Lewes bureau volition present relation nether the Dakota Wealth Management brand, with the existing squad continuing to service clients.

The institution has indicated that the acquisition is intended to sphere lawsuit continuity and integrate Lokken’s work attack with Dakota’s broader level and resources.

Karlyn Lokken, woman of the precocious Jon Lokken, besides played a cardinal relation successful selecting Dakota Wealth Management arsenic the successor for the firm.

Karlyn said: “When my hubby passed distant unexpectedly, I recovered myself successful the hard presumption of needing to find a steadfast to instrumentality implicit the concern helium had built.

“My apical priorities were twofold: first, ensuring that the clients would proceed to person the aforesaid precocious level of work and attraction they had ever known; and second, providing enactment and nonrecreational maturation opportunities for the squad helium had established.

“Our halfway values and philosophies align perfectly, which brings maine large bid of caput knowing that Dakota shares my husband's imaginativeness and principles.