Dakota Wealth Management has agreed to acquire C2C Wealth Management, an investment advisory firm based in Mansfield, Massachusetts, for an undisclosed price.
C2C Wealth Management, which is registered with the US Securities and Exchange Commission (SEC), manages nearly $350m in assets. It was founded in 2016.
The firm also provides advisory services for an additional $550m in client assets.
Its founder Louis Delle Valle and client services associate Carol Donnelly will join Dakota Wealth Management, which is an investment management company that caters to high net worth individuals and families.
Delle Valle said: “My business has been growing rapidly, and I needed to evaluate if I wanted to build out the infrastructure and add personnel or find a partner with those things already in place that can help maintain my growth trajectory.
“That why I chose Dakota.”
Dakota Wealth Management said that maintaining a focus on client service and advice will remain the foremost priority for both firms throughout the transition.
Dakota Wealth Management founder and CEO Peter Raimondi said: “It is a rare occurrence to encounter an individual who specialises in providing strategic counseling to families with complex needs.
“Mr. Della Valle and I value the importance of elevated strategic planning and understand the imperative for seamlessly integrated tax services.”
The deal represents Dakota Wealth Management’s fourth acquisition since June 2023. Earlier transactions include Stillwater Investment Management in June, Jonathan D. Pond in September, and JMG Wealth Management Group in November.
The new office gained through C2C Wealth Management in Massachusetts marks the third for Dakota Wealth Management in the state. The firm, headquartered in Palm Beach Gardens, Florida, has now expanded to encompass 14 offices across nine states in the US.
