Reading, PA Penn Street Office
TeamData sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Dakota Wealth, LLC
Multi-team
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About
Dakota Wealth, LLC advises a broad set of clients—individuals (including high‑net‑worth), trusts, foundations, retirement plans, charitable organizations, business enterprises, and pooled investment vehicles—providing wealth management, standalone financial planning, retirement plan advisory (including 3(21)/3(38) services), and portfolio management. The firm also acts as an investment manager for pooled vehicles and investment companies and serves as a sub‑advisor to a registered ETF.
The firm’s investment process is primarily long‑term and customized, combining fundamental, technical and quantitative analysis to construct diversified portfolios using mutual funds, ETFs, individual equities, fixed income, and select alternative or structured instruments. Dakota Wealth implements discretionary management, may delegate portions of mandates to unaffiliated independent managers, and offers optional strategies and held‑away retirement account management through a third‑party platform.
What is distinctive is the firm’s direct involvement in pooled and private fund structures and investment companies: Dakota Wealth (and affiliates) serve as general partner to the Persimmon Absolute Return private fund complex, manage pooled investment vehicles, and receive sub‑advisory compensation for the Dakota Active Equity ETF. The brochure discloses the resulting potential conflicts of interest (for example, fund management and sub‑advisory compensation and an affiliated tax services entity) and describes due diligence, disclosure, and oversight practices the firm uses to address those conflicts.
Based on Dakota Wealth, LLC
Expertise
Based on Dakota Wealth, LLC
Location
505 Penn Street, Suite 200
Reading PA 19601
Advisors at this office
2
Advisors at this office
Terry M
Reading, PA
Dakota Wealth, LLC
Terry Morris is a financial advisor with Dakota Wealth, LLC and holds six years of industry experience. Prior to joining Dakota Wealth, he worked at Lindenwold Advisors Inc., Truist Financial Corp, and Branch Banking and Trust Company. He is temporarily and transitionally dually registered with Dakota Wealth and Lindenwold Advisors, Inc. Dakota Wealth, LLC serves a diverse client base, including individuals, trusts, foundations, and business enterprises, offering wealth management, financial planning, retirement plan advisory, and portfolio management. The firm’s investment approach combines fundamental, technical, and quantitative analysis to build diversified, customized portfolios and is involved directly in pooled and private fund structures and investment companies.
Leon P
Series 63, Series 65
Reading, PA
Dakota Wealth, LLC
Leon Pace is a financial advisor with Dakota Wealth, LLC, holding Series 63 and Series 65 licenses and seven years of industry experience. Prior to joining Dakota Wealth in 2025, he worked at Lindenwold Advisors, Inc., Truist Financial Corporation, and Branch Banking and Trust Company. Outside of his advisory role, Mr. Pace serves as a general partner and vice president of a family business, One Happy Pillow, LP. Dakota Wealth, LLC provides wealth management, financial planning, retirement plan advisory, and portfolio management services to a diverse client base including individuals, trusts, foundations, and business enterprises. The firm employs a long-term, customized investment approach using a combination of fundamental, technical, and quantitative analysis, and is actively involved in managing pooled investment vehicles and serving as a sub-advisor to a registered ETF.
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