Dakota Wealth Acquires Pineno Levin

INVESTMENT MANAGEMENT DEALS BLOG

February 14, 2022

On February 2, 2022, Dakota Wealth Management announced that it had acquired Pineno Levin & Ford Asset Management.

Under the terms of the transaction, Dakota Wealth Management (“Dakota Wealth”) acquired Pineno Levin & Ford Asset Management (“Pineno Levin”). Frank Pineno and Jeff Levin, co-founders of Pineno Levin, will join Dakota Wealth as equity partners. The transaction reportedly includes an equity component. Further terms were not disclosed.

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

Pineno Levin, based in Richmond, Virginia, is a registered investment advisor with approximately $440 million in assets under management. InCap Group served as investment banker to Pineno Levin on the transaction.

To read the press release: please click here.