Dakota Wealth Acquires American Capital


November 12, 2021

On October 20, 2021, Dakota Wealth Management announced it had acquired American Capital Planning.

Under the terms of the transaction, Dakota Wealth Management (“Dakota Wealth”) acquired American Capital Planning (“American Capital”). Bonnie Ashby Sewell, American Capital’s founder and lead advisor, joined Dakota Wealth as Managing Director and Senior Wealth Advisor. American Capital’s relationship manager, Jessie Hughes, also joined Dakota Wealth. Further terms of the deal were not disclosed.

Dakota Wealth, based in Palm Beach Gardens, Florida, is an independent investment management, wealth and estate planning, and tax planning firm providing services to high-net-worth individuals, families, and institutions. Dakota Wealth has approximately $1.8 billion in assets under management.

American Capital, based in Leesburg, Virginia, is a boutique financial planning firm, specializing in divorce planning and exit planning. American Capital manages approximately $66 million in client assets.

To read the press release: please click here.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.