Strategic acquisition expands offering in divorce and financial planning
PALM BEACH GARDENS, Fla., October 20, 2021 — Dakota Wealth Management, an independent investment management firm serving high-net-worth individuals and families, has acquired American Capital Planning, a boutique financial planning firm managing approximately $66 million in Leesburg, VA.
Bonnie Ashby Sewell, founder and lead advisor of American Capital Planning, joins Dakota Wealth with relationship manager Jessie Hughes. Both advisors are CFP certificants. Sewell’s practice revolves around navigating ‘exits’ – a professional leaving the workforce, a small business owner selling their company, or someone exiting their marriage.
“I built my business counseling women through divorce,” said Peter Raimondi, Founder and CEO, Dakota Wealth Management. “It’s a logical niche practice for us but one that wasn’t extremely well-formed. Bonnie gives us a great opportunity to not only bring a defined program into the firm, but we also believe Bonnie’s addition allows us to scale this practice and promote it as a skill set of Dakota Wealth.”
Client service and advice will remain the top priority for both companies throughout the transition. The professional teams from both Dakota Wealth Management and American Capital Planning will remain in place to serve their current clientele. Sewell will join Dakota Wealth as Managing Director and Senior Wealth Advisor.
“I wanted a partner who could take us into the future, growth-wise, and also return me to the things I love about being in the business,” Sewell noted. “I look forward to introducing Dakota Wealth’s robust capabilities to clients and expanding the firm’s presence in Virginia through both organic and inorganic growth.”
This is the first Virginia office for Dakota Wealth Management. The Palm Beach Gardens, Fla.-based firm now has 12 offices in 9 states.
American Capital Planning was founded in 2009 as a Registered Investment Advisor (RIA) by Ms. Sewell with the goal of providing a boutique financial planning experience for clients who insist on the highest level of service.
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.
Dakota Wealth Management