Trio of portfolio management professionals brings unique skills
PALM BEACH GARDENS, Fla., June 29, 2021 — Dakota Wealth Management, an independent investment management firm serving high-net-worth individuals and families, has hired three portfolio managers to bolster its custom investment management services amid robust growth in assets under management.
Matthew Haddad, Robert Pavlik, and David McDonald have joined Dakota in the role of Senior Portfolio Manager and as members of its Investment Committee. Mr. McDonald is Dakota’s most recent addition. Mr. Haddad joined in July 2020 and Mr. Pavlik joined in October 2020.
This is Mr. McDonald’s first partnership with an RIA. With over 25 years of investment experience, he was mentored by hedge fund and renowned growth investor Joseph McNay in the 1990’s and early 2000’s. At Essex Investment Management, he began his investment career as a securities analyst and was eventually promoted to an equity Principal and Portfolio Manager, running hedge fund and institutional assets. Essex managed over $20 billion for institutional clients and a small group of individuals at its height, selling a majority interest in the firm to Affiliated Managers Group (AMG) in 1996. In the ensuing two decades, Mr. McDonald continued to manage his personal assets and those of select relationships, as a trustee for ultra-high net worth families.
“Central to my goal was to find a strong, ethical, and purposeful organization with which to align myself,” noted Mr. McDonald. “Dakota enjoys an exceptional reputation, and its emphasis on custom portfolio management, superior investment performance and complementary services such as tax, estate, and financial planning piqued my interest. Joining Dakota enables me to provide a strong foundation for my existing investor base and contribute to a strong team where we can continue to focus on generating exceptional investment returns for our clients.”
Mr. McDonald specializes in individual equity management, seeking innovative growth opportunities where there is a sustainable comparative advantage bolstered by an industry, societal, or cultural tailwind.
Mr. Haddad spent most of his professional career at Bill and Melinda Gates Investments (BMGI), the investment office for Bill & Melinda Gates’ personal wealth as well as the assets of The Bill & Melinda Gates Foundation Trust. Mr. Haddad sought out the opportunity to form a partnership with Dakota after departing a Charlotte, NC-based RIA.
“I feel fortunate to join such a talented group of professionals who share my passion for putting the needs and desires of clients above all else,” notes Haddad. “Dakota’s culture of collaboration and inclusivity embraces different viewpoints and healthy debate on the markets, which, I believe, breeds superior results.”
Mr. Haddad’s expertise is in the value and international equity space.
Mr. Pavlik rejoins CEO & Founder Peter Raimondi; he was Chief Market Strategist and Senior Portfolio Manager for Raimondi’s previous firm, Banyan Partners. Mr. Pavlik manages approximately $70 million in a highly specialized, bespoke growth portfolio.
“It’s wonderful to be working with Peter again and the super-talented team he has assembled at Dakota,” says Mr. Pavlik. “Dakota gives me the autonomy to manage my clients’ portfolios independently, while being inspired by exceptional professionals.”
Mr. Pavlik also contributes his market and investment insights to national news outlets including Reuters, Bloomberg, and CNBC.
The trio expands Dakota’s Investment Committee to 11 members managing $1.45 billion in individual equities, ETFs, asset allocation strategies, and options.
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.
Dakota Wealth Management