Springside Partners, a female-founded and operated wealth management firm in Akron, is set to be acquired by Dakota Wealth Management, a Palm Beach Gardens, Fla.-based independent investment management firm based serving high-net-worth individuals and families.

Both firms have a high percentage of female clients and are known for hiring and developing the best young talent of both genders. The acquisition will allow Dakota to expand its brand in the Midwest.

The professional teams from Dakota and Springside will remain in place to serve their current clientele. Founder and CEO of Springside Partners Carina Diamond will join Dakota Wealth as Chief Client Experience Officer, responsible for advising her own clients and for overseeing client service for all advisers at the firm. She will also serve on the firm's executive committee.

"The unbiased advice and customized solutions that Springside has been known for will continue with Dakota," Diamond said. "Peter's vision for Dakota and his team's dedication to high-quality service for a very similar clientele demographic makes this a perfect fit for Springside."

Dakota Wealth Management was launched in May 2018 to offer a highly personalized approach to wealth management. Oakmont Partners, based in Peabody, Massachusetts, was the first Registered Investment Advisor to join Dakota, followed by Brett Ovieto and team in Ft. Lauderdale, and most recently by the tax and advisory practice of GML Associates of Boston, earlier this year. Since its founding, Dakota Wealth Management has grown its assets under management to approximately $1 billion.