Building an Employee-Owned Wealth Management Firm

Peter Raimondi highlights the role of technology in wealth management, particularly cybersecurity, and the need for firms to stay updated with modern technology.

Author

Kyle Van Pelt
February 13, 2024

Episode 030: On this week’s episode of The Connected Advisor, I talk with Peter Raimondi, Founder & CEO at Dakota Wealth Management.

With more than 40 years of experience in the industry, Peter has built multiple successful companies, including Banyan Partners and The Colony Group. In this week’s episode, Peter shares his journey into the wealth management industry, starting with his fascination with options trading during law school. He also discusses his approach to building Dakota Wealth as an employee-owned company and the benefits of this model.

Key takeaways from this episode:

  1. Options trading can be a valuable strategy for wealth management. However, its time-sensitive nature requires a unique skill set and constant attention.

  2. Acquiring firms with an entrepreneurial spirit and a willingness to grow can catalyze success.

  3. Dakota Wealth stands out by offering a sustainable equity partnership and involving the founders in shaping the company's future.

The episode is available now on your favorite podcast platform:

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Kyle Van Pelt