Dakota turns to BNY Mellon's Pershing Advisor Solutions
May 22, 2018

BNY Mellon's Pershing Advisor Solutions has been selected as one of the custody partners for Peter Raimondi's newly launched investment management firm, Dakota Wealth Management. Pershing Advisor Solutions has powered Dakota advisors transition to the new firm platform.

Pershing was selected based on its expertise in providing custody and practice management solutions to some of the nation's largest registered investment advisors (RIAs), as well as its unique set of private banking and bank and brokerage custody solutions.

"Our relationship with Dakota underscores our focus on serving growth-minded, professionally-managed RIA firms," said Benjamin Harrison, managing director and head of new business development, BNY Mellon's Pershing Advisor Solutions.

"Our comprehensive and unique set of capabilities allows us to bring strategic value to firms like Dakota and provide them with long-term value as their businesses evolve and grow. To that end, we are thrilled to count an industry leader and a visionary such as Peter among our clients and very much look forward to being an integral part of Dakota's success."

Peter Raimondi, founder, Chief Executive Officer and Chief Investment Officer, Dakota Wealth Management, said: "Pershing proved to be an indispensable part of our transition process. Their high touch approach, along with their deep expertise in supporting large RIA firms, helped us achieve a seamless transition.

"Given Dakota's vision of serving high-net-worth clients with complex needs, we see a significant potential to work with Pershing in new and expanded ways as our new firm hits the ground running."

Dakota, headquartered in Palm Beach Gardens, Florida, currently manages US$600 million in client assets. The average size of RIA firm on the Pershing platform is over $800 million.





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BNY Mellon's Pershing Advisor Solutions has been selected as one of the custody partners for Peter Raimondi's newly launched investment management firm, Dakota Wealth Management. Pershing Advisor Solutions has powered Dakota advisors transition to the new firm platform.

Pershing was selected based on its expertise in providing custody and practice management solutions to some of the nation's largest registered investment advisors (RIAs), as well as its unique set of private banking and bank and brokerage custody solutions.

"Our relationship with Dakota underscores our focus on serving growth-minded, professionally-managed RIA firms," said Benjamin Harrison, managing director and head of new business development, BNY Mellon's Pershing Advisor Solutions.

"Our comprehensive and unique set of capabilities allows us to bring strategic value to firms like Dakota and provide them with long-term value as their businesses evolve and grow. To that end, we are thrilled to count an industry leader and a visionary such as Peter among our clients and very much look forward to being an integral part of Dakota's success."

Peter Raimondi, founder, Chief Executive Officer and Chief Investment Officer, Dakota Wealth Management, said: "Pershing proved to be an indispensable part of our transition process. Their high touch approach, along with their deep expertise in supporting large RIA firms, helped us achieve a seamless transition.

"Given Dakota's vision of serving high-net-worth clients with complex needs, we see a significant potential to work with Pershing in new and expanded ways as our new firm hits the ground running."

Dakota, headquartered in Palm Beach Gardens, Florida, currently manages US$600 million in client assets. The average size of RIA firm on the Pershing platform is over $800 million.



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