Deals Of The Day: The Latest In Wealth Management M&A – Dakota WM, Lokken, Lido

Editorial Staff

12 November 2025

Dakota Wealth Management, Lokken Investment Group
Dakota Wealth Management has bought Lokken Investment Group, an advisory firm based in Lewes, Delaware looking after $455 million in managed assets.

The acquisition – for an undisclosed sum – will lift Dakota's assets under management to almost $7.5 billion.

Lokken Investment Group was founded in 2008 by the late Jon Lokken.

"The acquisition of Lokken represents a special opportunity for Dakota to continue the legacy of Jon Lokken and partner with the exceptional team of professionals he surrounded himself with,” Peter Raimondi, the founder and CEO of Dakota, said.

The Lokken Investment Group team, under the leadership of Carrie Ruark and a six-member team, including Jessica Bimonte , will integrate into Dakota, continuing to serve clients from their existing office.

Jess Polito from Turkey Hill initiated the introduction and assisted in facilitating the transaction on behalf of Lokken.

Dakota Wealth Management is headquartered in Palm Beach Gardens, Florida.

Lido Advisors, Fountainhead Advisors
Los Angeles-headquartered Lido Advisors has bought a New Jersey firm, Fountainhead Advisors, a wealth manager with more than $1.2 billion in regulatory assets under management . The financial terms of the deal were not disclosed.

Lido has more than $38 billion in RAuM.

Fountainhead Advisors has offices in Warren, New Jersey and San Ramon, California.

“Like Lido, Fountainhead was founded by experienced fiduciaries with a shared mission – to help families grow, maximize, and protect their legacy,” said Ken Stern, Lido president.