Dakota Wealth Management: Platform Profile

Overview

Dakota Wealth Management is the consumer brand of Dakota Wealth, LLC, the current SEC-registered investment adviser.

Current legal identity:

• Brand: Dakota Wealth Management
• Investment adviser: Dakota Wealth, LLC
• CRD: 297987
• SEC number: 801-114097

The current March 24, 2026 Form CRS materially changes the minimum-account story.

Current:

Older materials referencing a $1 million relationship minimum and $5 million family-office minimum are stale for the current firmwide review.

May fit better for

• households seeking discretionary portfolio management;
• clients who do not want a current firmwide minimum;
• investors wanting stocks, bonds, ETFs, mutual funds and alternatives in one managed relationship;
• clients seeking planning or family-office support;
• households comfortable with adviser-specific tiered pricing;
• investors willing to evaluate proprietary-product conflicts.

May fit less well for

• investors seeking a standardized public fee schedule;
• self-directed active traders;
• clients who want no proprietary investment products;
• investors who want trade-by-trade approval;
• users who interpret “no minimum” as “low cost”;
• investors needing daily liquidity from all alternatives.

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Dakota Wealth, LLC is the current legal adviser

Current March 2026 CRS:

• Investment adviser: Dakota Wealth, LLC
• CRD: 297987
• SEC number: 801-114097

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Current Form CRS says no general minimum

Current March 24, 2026 disclosure:

Store stale-data guards:

• Stale 1m relationship minimum current: No
• Stale 5m family office minimum current: No

A particular investment product or service can still have its own minimum.

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Asset-based fee ranges up to 2.00%

Current Form CRS:

• Asset based fee max: 2.00% annually
• Tiered schedule: Yes

The CRS does not support treating 2.00% as every client's rate.

The actual tier and agreement control.

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Billing can occur at the beginning or end of the quarter

Current disclosure:

• Billing frequency: quarterly
• Billing timing: beginning or end of quarter depending on arrangement

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Cash is included in the fee base

Current CRS states that the asset-based fee is calculated as a percentage of cash and investments in managed accounts.

This creates the standard AUM-fee incentive to retain or attract more assets.

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Fixed project work ranges from $5,000 to $25,000

Current CRS:

• Fixed project fee range: $5,000-$25,000
• Fees negotiable: Yes

These fees can apply to project-based advisory/planning work.

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Dakota manages discretionarily

Current disclosure:

• Discretionary management: Yes
• Perpetual advisory relationship: Yes
• Trade by trade preapproval: No

Dakota can implement investment recommendations without prior approval for each transaction, subject to the client's investment objectives and agreement.

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Investment universe is broad

Current CRS identifies:

• individual stocks;
• bonds;
• mutual funds;
• ETFs;
• options;
• independent managers;
• REITs;
• alternative investments;
• structured products;
• public and private securities.

Not every client holds every asset type.

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Proprietary products create an explicit conflict

Dakota's current CRS states that the firm can recommend proprietary products it manages and can receive additional revenue from those products.

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Third-party costs can be additional

Current disclosure identifies potential additional:

• third-party manager fees;
• custody fees;
• account administrative fees;
• fund fees and expenses;
• securities transaction fees.

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Disciplinary-history disclosure should remain narrow

Current Form CRS answers the disciplinary-history question affirmatively for the firm and/or financial professionals.

The linked regulatory record is the appropriate place for details.

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Custody is third-party

Dakota manages client investments through qualified custody arrangements.

Assessment

Dakota's most important current update is the removal of the older firmwide minimum.

The March 2026 CRS now says no general account or relationship minimum.

The fee side remains less standardized: the asset-based rate can be as high as 2.00% under a tiered schedule, and fixed project fees can run $5,000–$25,000.

The proprietary-product conflict also belongs near the center of the review because Dakota explicitly says it can receive additional revenue from products it manages.