On January 5, 2023, Seward & Kissel client Emigrant Partners, LLC announced a strategic minority investment in Dakota Wealth Management.
Under the terms of the transaction, Emigrant Partners, LLC (“Emigrant”) acquired a minority interest in Dakota Wealth Management (“Dakota”). The investment is a strategic, minority, non-voting investment and other financial terms of the deal were not disclosed.
Emigrant, based in New York, is a capital advisory services partner specializing in non-voting, minority investments in wealth and asset managers. Emigrant is currently partnered with 18 firms with approximately $94 billion in aggregate assets under advisement.
Dakota, based in Palm Beach Gardens, Florida, is a registered investment management company that offers wealth and estate planning with tax planning services for high-net-worth individuals, families and institutions. Dakota has $425 million in assets under management.
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