On June 1, 2023, it was announced that Dakota Wealth Management will acquire Stillwater Investment Management.
Under the terms of the transaction, Dakota Wealth Management (“Dakota”) will acquire Stillwater Investment Management (“Stillwater”). The professional teams for both Dakota and Stillwater will remain in place. Further terms of the deal were not disclosed.
Dakota, based in Palm Beach Gardens, Florida, is an independent investment management, wealth and estate planning, and tax planning firm serving high-net-worth individuals, families, and institutions. With the acquisition of Stillwater, Dakota has approximately $3.2 billion in assets under management.
Stillwater, based in Stillwater, Minnesota, is a family investment counseling office. As of June 2023, Stillwater managed approximately $575 million in client assets.
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